China Life/ElmTree Funds $950 million acquisition of real estate portfolio

Overview:

• China Life and ElmTree Funds have formed a joint venture and acquired a US commercial real estate net lease portfolio for $950 million.
• The portfolio was acquired from a private equity fund managed by ElmTree Funds, and ElmTree Funds will continue to serve as asset manager of the portfolio.
• The portfolio includes logistics and manufacturing facilities, business parks and healthcare centres.

Katrin Kostadinova - Data analyst