China Sovereign-Wealth Fund Eyes U.S. Real Estate Assets

[Lee Common]

China Sovereign-Wealth Fund Eyes U.S. Real Estate Assets

China's sovereign-wealth fund is looking to invest in U.S. real estate, possibly even through a government program created to help bail out struggling banks, The Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Officials from China Investment Corp. have, in recent weeks, been talking to private-equity fund managers such as BlackRock (BLK: 202.12, 2.8, 1.4%), Invesco and Lone Star about investing in distressed real estate assets including mortgages and physical property, the Journal said.

Read more

http://www.foxbusiness.com/story/markets/industries/real-estate/china-sovereign-wealth-fund-eyes-real-estate-assets/