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Anbang Is Splashiest Chinese Investor in Property Spree: Chart

Anbang Insurance Group Co. is among Chinese companies embarking on a flurry of property-related acquisitions that’s on pace to surpass last year’s record dealmaking. Anbang agreed to pay $6.5 billion for 16 U.S. luxury resorts and hotels from Blackstone Group LP, according to people with knowledge of the matter, a record sum for a Chinese buyer of American real estate. Even excluding a separate bid that Anbang is leading for Starwood Hotels & Resorts Worldwide Inc., recent transactions would take the value of Chinese property acquisitions so far in 2016 to almost $25 billion, nearly half of last year’s total, Bloomberg-compiled data show.