How much are sovereign wealth funds really shelling out for NYC real estate?

Norway's Norges leads the pack with $4.37B in holdings in the city

From the January issue: It’s always good to have deep pockets, but few institutional investors carry checkbooks backed by entire nations. Yet point to one of New York City’s recent big-ticket real estate deals and there’s a good chance a sovereign wealth fund was one of the buyers.

Sign Up for the undefined Newsletter

Through the first 11 months of 2015, sovereign wealth funds spent more than $22.6 billion on real estate in the United States, up from about $9.8 billion in 2014, according to research firm Real Capital Analytics. [more]