Foreign capital continues to flow into real estate.

Blockbuster real estate deals are back and breaking records as foreign cash continues to pour into U.S. office buildings, apartment complexes and other investment properties.

In the first quarter of 2015 commercial transactions jump up by 45% driven by sales to international firms looking to setup shop here in the United States, according to research firm Real Capital Analytics Inc.

Real estate deals surged to $129 billion during the three months through March, marking the most active start to a year since 2007, according to Real Capital. The largest was Blackstone’s $8.1 billion of IndCor Properties Inc., an owner of industrial buildings, to GIC Pte, Singapore’s sovereign-wealth fund.

Demand for property from single-unit warehouses to towering skyscrapers is booming, propped up in part by more than six years of Federal Reserve efforts to stimulate economic growth. The Fed’s response to the financial crisis was to keep interest rates low and expand our recovering real estate market to foreign buyers. About $24 billion in foreign capital flowed to U.S. properties in the first quarter, more than half the total for all of 2014, according to Cushman.

This number is poised to grow further because the majority of sovereign wealth funds. London-based Preqin said in a report this month, total property allocations for such funds now top $6.3 trillion, more than double the amount in 2008.

To read the full article from Bloomberg click here.

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