Greystar Real Estate-led China fund secures first close at $450m

Pedestrians walk along an elevated walkway as an electronic ticker displays stock figures in Pudong's Lujiazui Financial District in Shanghai, China, on Friday, Dec. 28, 2018. China announced plans to rein in the expansion of lending by the nation's regional banks to areas beyond their home bases, the latest step policy makers have taken to defend against financial risk in the world's second-biggest economy. Photographer: Qilai Shen/Bloomberg

Greystar Real Estate Partners, APG Asset Management, Bouwinvest Real Estate Investors and MIRA Real Estate have announced the first close of their China-focused fund at $450 million.

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