China's Sovereign-Wealth Fund Looks For Deals In U.S. Real Estate
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- China's Sovereign-Wealth Fund Looks For Deals In U.S. Real Estate
According to reports from the Wall Street Journal, China's sovereign-wealth fund, China Investment Corp., is looking to invest in U.S. real estate and could potentially distressed mortgage securities through a U.S.-government program.
The Journal said CIC held talks with U.S. private-equity fund managers, including BlackRock Inc. (NYSE: BLK), Invesco Ltd. (NYSE: IVR) and Lone Star Funds, about investment opportunities in beaten-down property assets, from mortgages backed by offices, hotels and other commercial property to ownership interests in actual buildings.
CIC also is considering investing through the U.S. Treasury's Public-Private Investment Program, known as PPIP.
Link to WSJ Article
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china buying real estate
joe on Sep 9, 2009 10:22 AMLET US NOT FORGET THAT IT IS COMMUNIST CHINA.