A new research blog post on ALEX Chatter examines the continued flood of foreign investment into U.S. multifamily. In fact, as Real Capital Analytics data points out, 2015 represented a new high for foreign investment in American apartments. Even more impressive was that the 2015 investment figure of $16.3 billion was nearly triple the $5.7 billion achieved in 2014. Recent revisions to FIRPTA legislation could lead to another banner year in 2016:

“Foreign investment in the U.S. is expected to increase even further during 2016, in part driven by changes to the Foreign Investment in Real Property Tax Act (FIRPTA) enacted in December. The changes reduce tax obligations for non-U.S. investors investing in U.S. real estate.

Most notably, the maximum share a non-U.S. investor can now hold in a U.S. real estate investment trust (REIT) without being subject to federal obligations through FIRPTA increases from 5% to 10%. Additionally, real property interests held by qualified foreign pension funds are exempt. According to the Obama Administration, the changes are expected to not only spur investment in commercial real estate, but also the country’s aging infrastructure.”

For more insight into the growing foreign interest in American real estate, read the full story on ALEX Chatter.