Foreign Investment in U.S. Real Estate

International Investors Pursuing U.S. Real Estate

•Direct investment from foreign countries accounts for 15.5% of total CRE sales volume

Canada by far most active foreign investor - followed by France, Singapore and Germany

•Primarily focused on trophy assets in coastal cities

Higher Yields, Economic Stability Draws Foreign Capital

•U.S. real estate generally offers more competitive yields and opportunity for portfolio diversification

•Strength & stability of U.S. economy provide strong support to commercial real estate space demand

•Preservation of capital a strong motivator

Marcus & Millichap’s Expansion into Canada

•Now operate 6 offices throughout Canada

•Helps engage investment from largest group of international buyers – facilitates capital migration