Chinese Firms Flee U.S. Commercial Real-Estate Market After Big Property Bets Sour

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Chinese firms for years were among the astir assertive buyers of U.S. luxury hotels, bureau towers and different commercialized existent estate. Now they are moving for the exits.

Chinese companies person sold a nett $23.6 cardinal of U.S. commercialized properties since the commencement of 2019, according to information supplier MSCI Real Assets. That marks a melodramatic turnaround. Between 2013 and 2018, Chinese firms were nett buyers of astir $52 cardinal of U.S. commercialized properties, according to MSCI. 

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