broker so when we talk about Chinese
investors I was kind of surprised that
they were the second biggest after
Canada talk about how Chinese investors
are different from other foreign
investors what are they looking at how
do they treat their investment in
property differently sure thank you for
having me
actually when you think about the
Chinese investor in general right
they're looking for the same type of
return the same type of stability that
any foreign buyer will look in the US
and I think that's the biggest thing for
Chinese the u.s. is a safe haven for
their money when you're talking about
when you said Chinese now is number one
instead of Canada you're talking about
twenty nine billion dollars that have
been invested over the last year it's a
huge number and not only for the
commercial real estate not only I mean
here in New York they bought the Waldorf
Astoria yes and that was what at one
point nine one point nine billion
dollars so when you see that and other
commercial there they're eating up
companies like construction companies so
they're really looking into the real
estate market not only for let's buy
trophy properties in New York let's buy
traffic boppers in LA but they're also
looking at the building this pile and
and this partner up let's do it the
right way let's partner up with local
specialists local developers that can
help us and really bring this and build
so they're entering it at an earlier
point in the cycle you mentioned the
Waldorf Astoria that of course used to
house dignitaries during Karuna Nations
General Assembly but they're now
questions over whether it is safe for US
officials like the president to stay
there what kind of political pushback
are you seeing to chinese ownership of
landmark properties or trophy properties
we really haven't seen any i think that
the u.s. is really welcoming that type
of investment and i think that follows
also the residential trend you know as
the big corporations and investing money
also the your typical chinese buyer who
the natural markets have been new york
california they're looking at other
markets like miami to invest and really
in general when you've seen this type of
investment on this type of money being
poured in by this large corporations you
know the parents are looking for what
education education indicate or i want
my kids in the US and what better what
better lead than some of the big
corporations in china investing here so
talk about how the chinese rent
evaluation
August played into all this did it slow
the flood down a little bit did it have
did you see any kind of impact you know
I actually saw a very positive impact
because they have so much uncertainty
but they want their flight to safety
they're almost you know it remind me of
the South American buyers buying into
Miami to put their money into their
safety deposit box in the sky I see the
Chinese also doing that I mean there are
you know overall they're still up in the
stock market but there are certain day
uncertainty all of them with in general
I think it really helped us in the US
okay so that UN devaluation perhaps
pushing more people think of us property