Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MenaiMultifamily activity has slowed down this year, compared to 2015 and 2016, which were each record-breaking years. Transaction volume has still been strong, but investors have noticed the change. Some players, believe that foreign investment has driven the slow down. Noor Menai, President & CEO of CTBC Bank USA, says that the stalled EB-5 program has contributed to the reduction in activity. If you exclude foreign investors, Menai says that activity has been as strong as the previous two years.

“There was a little bit of leveling off this year because the EB-5 program got into abience, and there was a push from the regional offices to step back and inject more governance and compliance culture into the process and then come back into the market,” Menai tells GlobeSt.com. “If you couple that with the fact that a lot of the big projects got underway, there was also a surge for the next project. If you hold that aside, from our perspective at this bank, we did not see a slow down in activity. If we had wanted to do more, we could have done more.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.