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Video: Thor's Joe Sitt Discusses Chinese Investment in US Real Estate

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Thor Equities CEO Joseph Sitt went on Bloomberg Television's In the Loop yesterday and said his firm is working with more and more individuals—and not just institutions—from around the world (and especially China) who want to buy real estate in markets like New York, Chicago, San Francisco and Miami. Sitt said this flight to prime American real estate from people and companies abroad is driven by a thirst for high quality real estate in relatively safe, stable political environments along with concerns over the long-term security of emerging markets. [Bloomberg]