A recent report from Investorist shows that Chinese outbound property investment is a big force in U.S. real estate.

These investors are driven by a desire to diversify their wealth, protect generational wealth by investing outside of China and seek better educational opportunities for their children. The report, China 2017 International Property Outlook, highlighted the increased focus on Chinese investments in U.S. real estate, skyrocketing from $600 million in 2009 to $33 billion in 2016.

A map of cities where Chinese investors are buying shows what Investoris calls the “China Smile,” which starts out West in Seattle before swooping down into California, over into Dallas and Houston and back up north to Washington, D.C., New Jersey and New York before ending in Boston.

The report showed that Boston is the fifth most popular city for Chinese investors, many of whom are drawn to the city for its academics, namely Harvard and MIT, which are are known around the world to be among the country’s top educational institutions. In fact, Boston is No. 3 among U.S. metro areas in terms of its number of international students.

Another key amenity for Chinese investors in Boston is that the city has an existing Chinatown that not only is the only remaining one in the Northeast but that is the third largest in the United States. Chinese investors tend to seek condominiums in Boston priced from $400,000 to $600,000.