Clayton firm inks $1 billion (£0.78 billion) real estate deal with Chinese insurer
China Life Insurance Group has invested in U.S. real estate before, but the insurer’s nearly $1 billion (£0.78 billion) deal this week with Clayton-based ElmTree Funds LLC was a further sign of increasing investor appetite for properties beyond the hottest U.S. cities.
For nine months, Jim Koman’s ElmTree Funds, launched in 2011, worked to sell the merits of a portfolio of 48 commercial properties located in smaller markets across the Midwest, Southeast and Southwest.
This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.