LaSalle Recapitalises China Multifamily Portfolio via Preferred Equity Deal with Insurer Unit

LaSalle Sells Stakes in Shanghai Assets to China Life Vehicle

LaSalle Investment Management has sold stakes in two Shanghai multi-family assets to a vehicle managed by China Life Capital, while retaining majority ownership through its Asia opportunistic strategy and continuing to operate the properties under its Cozi platform. The insurer-backed... Read More>> The post LaSalle Sells Stakes in Two Shanghai Multi-Family Assets to China Life Fund appeared first on Mingtiandi.

LaSalle recapitalises China multifamily portfolio via preferred equity deal with insurer unit

LaSalle Investment Management has completed a recapitalisation of a multifamily residential portfolio in Shanghai, returning its original invested capital and generating liquidity.  In an April 29 statement, the Chicago-headquartered firm said it retains majority ownership in the recapitalised structure and will continue to manage the assets through its multifamily operating platform and long-term rental brand Cozi. The transaction, carried out …