The DC area saw unprecedented levels of capital investments in real estate in 2015, both from foreign buyers snatching up downtown offices and domestic buyers targeting value-add plays in the suburbs. But 2016 will be different.
Angelo Gordon director Christina Lyndon Winstead told the 350 audience members who trudged through 15-foot-high snow banks to make it downtown yesterday for Bisnow’s Real Estate Finance event she's already starting to see fewer people at auctions. Christina said 2015 was a challenging year to find opportunities, because there was just so much capital out there. That's CohnReznick's David Kessler sitting next to her.
For one, Chinese money is going to be trickier moving forward. Madison Marquette CIO David Brainerd said at one point, The Wharf was raising $1M a day in Chinese EB-5 investments. But an unsteady Chinese economy foretells of deals fewer and farther between, Bisnow NY reported today.
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