Deals
China's Cindat Plans to Buy $2 Billion of U.S. Senior-Care Homes
- Firm eyes warehouses, student housing in developed markets
- Cindat plans new $1 billion fund for China distressed deals
This article is for subscribers only.
Cindat Capital Management Ltd., a Chinese investment firm focused on overseas property, is seeking to spend $2 billion this year on elderly homes in the U.S. to capitalize on an ageing population.
The Beijing-based company, backed by bad-loan manager China Cinda Asset Management Co., is evaluating two investments of about $1 billion each into senior housing properties in the U.S., Co-Founder and Chief Executive Officer Greg Peng said.