Previous Investment in China

Beijing Xin Zhong Guan Shopping Center

Location: Beijing, China

Investment Date: 09/2009

Investment Type: Ownership acquisition

Investment amount: RMB 450 m

Property sq. meters: 30,000

Property value: RMB 2 billion.

Cap rate: 12%

Appreciation: 5.75%

IRR: 27%

 

Hainan Xiuying Apartment

Location: Hainan, China

Investment Date: 09/2009

Exit Date: 05/2012

Investment Type: Co-development

Investment amount: RMB 460 m

Property sq. meters: 600,000

Yield: 10%

Appreciation: 4%

IRR: 20%