May
25
China Life Invests $950M in ElmTree Portfolio
ByThe majority of the assets are recently constructed, build-to-suit industrial, office and health-care properties in secondary and tertiary markets.
ElmTree Funds LLC, a St. Louis–based private equity CRE firm, will recapitalize the net-lease portfolio underlying one of its funds with a $950 million investment from a wholly owned subsidiary of China Life Insurance Group, one of China’s largest insurance corporations, ElmTree announced Tuesday…