U.S. Markets open in 3 hrs 46 mins

Chinese Dumped $1 Billion of U.S. Real Estate in Third Quarter, Extending Recent Retreat

Chinese investors unloaded more than $1 billion in U.S. real estate in the third quarter, extending their recent retreat from hotels, office buildings and other foreign property under pressure from Beijing to reduce debt and curb money sent abroad. Insurers, conglomerates and other big investors from China sold $1.05 billion worth of U.S. real estate in the third quarter, while purchasing $231 million of property, according to data firm Real Capital Analytics. The second quarter marked the first time these investors sold more U.S. property than they bought during a quarter since 2008.