Japanese investors rush to buy NYC multifamily

by The Real Deal

Japanese investors are emerging as the go-to buyers for trophy assets and a new lifeline for New York City multifamily dealmakers. Japanese-based companies have acquired at least $2.1 billion worth of real estate in New York City since January 2024, according to an analysis compiled by Okada & Company and TRD Data. Buyers from Japan have historically favored shiny office buildings, but are now targeting New York City’s not-so-glamorous walk-ups. Japanese-linked companies acquired 326 multifamily units, totaling $233 million of multifamily properties, in New York City since January 2024, according to The Real Deal’s data analysis. JP Real Estate is […] This article originally appeared on The Real Deal. Click here to read the full story.