Foreign Investment Only Asian Dominated ‘In Press’

Dean Zander

Los Angeles is fast becoming a favorite market for institutional multifamily buyers. Capital from local, domestic and foreign buyers is attracted to Southern California for both direct acquisitions and local partnerships. With many experts predicting an extended runway, Dean Zander, executive VP of CBRE capital markets and an expert on multifamily institutional sales, says that the activity is poised to grow over the next year.

“I think the activity is going to accelerate. There are institutional caliber assets and institutional caliber clients, and I think that the capital that is being attracted to Southern California, particularly to L.A. and the surrounding counties, is looking for a safe harbor. L.A. is viewed as a safe place for investment, particularly in the coastal regions. We are seeing a strong flow of capital coming into the Los Angeles market, predominately from local and Southern California-based buyers, and then from West Coast-based buyers, then we track throughout the country,” Zander tells GlobeSt.com. “Then, we are seeing enhanced interest from foreign buyers as well, weather that is Chinese, German, Canadian. The CB brand is perfectly suited to attract that capital.”