From the desk of Ben A. Briggs, Executive Vice President, Greater China:
Summer travel: Investor Visits
We have sold or put into contract around a dozen properties in the past two months, hosted a client visiting a $700 million Manhattan office building, signed a contract for a 200-unit multifamily development, and have helped organize U.S. investment tours. Chinese investors are making headlines in Boston, Seattle, Texas, California, Florida and across the globe. The demand is palpable. I’m going to be in the U.S. through July. Please email me so we can meet up.
$15 million LA or Las Vegas development
Client seeking LA or Las Vegas development project with equity opportunity of $10 million-$20 million capital aiming for about 20 percent annual return.
$20 million multifamily
Chinese real estate private equity funds are seeking multifamily development opportunities with strong return in gateway cities or otherwise promising markets. Typical equity contribution is $10 million-$25 million.
500 houses per year
One Shanghai client is helping Chinese buy 500 newly built single-family homes per year. We are actively looking for single-family developers wanting to sell units.
$500 million Class A asset
Institutional investors seeking large core properties in gateway cities. Landmark opportunities welcome. Either Class A, high-quality, stabilized office buildings or iconic luxury hotels are preferred.
$80 million condo/mixed development
Client seeking New York luxury condo development with hotel ans retail component. They will place $80 million capital aiming for 20 percent annual return.
$5 million-$15 million self storage
Client looking for self storage projects in Texas, open to other locations. If the yields are good, he can close quickly.
$10 million-$100 million development project
We have several investors looking for real estate development projects in this price range. One likes building condominium projects. One is interested in a hotel development. Others prefer stabilized assets. Please let us know as new projects are getting started.
Ben Briggs 班秉善
Executive Vice President, Greater China 大中华区执行副总裁
Briggs Freeman Sotheby’s International Realty, BF苏富比国际房地产
5600 W. Lovers Lane
Dallas, TX 75209