China’s Road to our Real Estate

China’s largest auto-parts maker, Wanxiang Group Corp., says it is now China’s largest corporate investor in U.S. real estate, hoping the economic recovery will take real estate back to pre-recession price levels.

Wanxiang’s investments include office towers, shopping centers, warehouses, homes, medical buildings and student housing. Ni Pin, president of Wanxiang’s U.S. unit, remarks,

“We’ve done very few automobile deals in the U.S. in the past four to five years,”  Returns on real estate investments have been “very, very, very” high, he said, declining to give the exact number.

Keep in mind, Wanxiang is a Chinese auto-parts maker, not necessarily an investment firm.  However, Chinese developers in recent years have increased investment abroad as the domestic markets slow down.

According to Real Capital Analytics Inc. Chinese companies invested $5.95 billion in commercial property in the U.S. nearly double the amount invested in 2013.

China is now second to Canada in terms of U.S. commercial real estate investments.  Wanxiang was the second-biggest Chinese investor by the number of properties held in the U.S., according to RCA, which tracks transactions of more than $2.5 million.


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