Shanxi Tian Bao Property Investment

  • Transaction closed December 2008, with construction starting in the first quarter of 2009
  • Total equity investment of $41.4 million, with $19.0 million invested by Century Bridge Capital in a joint venture with Beijing-based developer, Jia Heng Real Estate
  • Middle income residential project located in Xian, China, a fast growing Tier II city with over 8 million people, and strategically located adjacent to the Xian High Tech Development Zone
  • Development comprised of over 1,500 residential units in 11 high-rise towers
  • Land area was approximately 500,000 square feet, with buildable area of approximately 2.3 million square feet
  • Century Bridge successfully exited and repatriated proceeds from this investment in July 2011