According to data from MSCI Real Assets, first reported in The Wall Street Journal, Chinese firms have sold a net $23.6 billion of U.S. commercial properties since the beginning of 2019, after buying a net $52 billion from 2013 to 2018.
HNA Group, which paid $2.2 billion five years ago for 245 Park Avenue in Manhattan, recently sold the property for an undisclosed amount. The Chinese investor continues to owe a $185 million arbitration award to office landlord SL Green.