Chinese investor picks up another South Florida property

2017-06-28
US

Jin Yang Real Estate Corporation, a Chinese investor, acquired another commercial property for $6.8 million in South Florida after making its first real estate investment in Broward County. The deal is an office building near Cutler Bay. This is one example of the several Chinese investments in South Florida recently. North King Apartments LLC, the seller, sold the four-story 35,800-square-foot office at 11285 Southwest 211th Street to Jin yang. The Class A building built in 2008 is fully leased to tenants including the Florida Department of Education and AARP. Chinese investors paid over $27.3 billion for US property last year, but has slowed down the pace recently due to capital controls and concerns about the Trump administration tightening regulation for overseas M&A. Read more here

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