Overseas investors piled into U.S. real estate at a greater pace than any other global market year to date.
Interest in U.S. healthcare real estate is at an all-time high and this “alternative” sector for institutional real estate investors is now on its way to going mainstream.
It’s no secret the sector is outperforming many of its peers, drawing the interest of both domestic and foreign investors and closing the first half of the year with US$24 billion in sales.
More long-term renters and limited inventory of multifamily properties for sale have sustained the sector’s growth.
In the short term, Hurricanes Harvey and Irma could reduce Q3 economic growth by up to 50 basis points, as businesses shut down and consumers focused on survival, not spending.