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Middle Eastern Investors Buy U.S. Properties Despite Tension

Middle Eastern investors are pouring more money into U.S. commercial real estate, even as anti-American sentiment runs high.
May 22, 2003, 1pm PDT | Chris Steins | @urbaninsight
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"During the first four months of this year, Middle Eastern investors spent $579.1 million on U.S. real estate, up 34% from the year-earlier period, according to Real Capital Analytics Inc., a New York-based real-estate research firm. For all of last year, Middle Eastern investors bought more than $1.2 billion in U.S. commercial real estate, compared with just $263 million in 2001."

Thanks to REIS

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Published on Wednesday, May 7, 2003 in REIS
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