Global capital to the U.S. multifamily sector in H1 2020 decreased by 49.2% year-over-year to $3.1 billion, as lockdown measures and market uncertainty from the COVID-19 crisis weighed on investment activity.
Q2 volume, which fell nearly 80% year-over-year, accounted for most of the H1 decline. Limits to international travel, difficulty in conducting due diligence and declines in occupancy and rent levels all contributed to a weak Q2.
Canada, the perennial leader in U.S. inbound capital, accounted for more than half of inbound multifamily investment volume in H1. Denmark, Israel, Switzerland and the U.K. rounded out the top five, but were distant followers.