Foreign Investors Find Trophy Properties in Unlikely U.S. Cities
- Canada, China ramping up investments in second-tier markets
- Growing economies like Phoenix, Denver present higher yields
Denver
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U.S. properties in places like Denver, Phoenix, Philadelphia, and the suburbs of Atlanta have all drawn foreign investment this year as buyers look for growth outside the biggest U.S. metro areas.
Canadian investors topped the list of foreign buyers of U.S. real estate this year, as they have for a decade. Among those was Toronto-based Starlight Investments, which purchased apartment complexes in the suburbs of Atlanta and Phoenix through its U.S. fund.