Korean investors eye US real estate
Mixed-use commercial deals remain a key attraction
Korean investors are gradually becoming major players in the U.S. real estate market. Much like the Chinese before them, foreign buyers from Korea are scooping up major commercial properties.
The Wall Street Journal’s Maura Webber Sadovi discussed a few recent examples:
Take the recent sale of Washington Harbour, a mixed-use Washington complex on the banks of the Potomac River in the capital's elegant Georgetown neighborhood. The property was acquired last month for $373 million by a group of South Korean investors via a unit of Principal Financial Group.