Crossing for 500 million dollars to buy Harvard's real estate investment

In the morning of August 4, according to foreign media reports, people familiar with the matter said that the CIC proposed to purchase six U.S. real estate funds at a price of 500 million U.S. dollars, is currently in intensive negotiations with the School Endowment Fund. According to the Wall Street Journal, people familiar with the matter said the deal was expected to be completed within the next few months, but that the possibility of miscarriage still existed because the specific provisions had not yet been finalized.　　CIC and Harvard representatives declined to comment. The report said CIC was seeking to raise its exposure to U.S. real estate. CIC also wants to learn from their mistakes, given that other foreign investors have suffered political and financial blows after buying US property.　　For example, 20 years ago, when Japanese investors bought American iconic properties such as Rockefeller Center and the Pebble Beach Golf Course in California, they met with huge opposition. To reduce public relations and political fallout, CIC targeted investment funds rather than concrete properties to some extent to avoid stigma. In addition to the ongoing negotiations with Harvard, CIC has recently pledged to Brookfield Asset Management Inc., according to people familiar with the matter. The US real Estate fund, which has headquarters in Toronto and New York, invests $1 billion trillion and promises to invest 1 billion dollars in the US Connecticut State Hartford's cornerstone estate advisers.　　Representatives of the Brookfield and cornerstone two companies declined to comment. In addition, foreign investors, other than CIC, are also seeking to copy the US real estate industry.　　In the second quarter, investors from Canada, South Korea, the Netherlands and Kuwait bought about $2.2 billion trillion of skyscrapers and other properties in the US, equivalent to more than five times times the same period last year, according to Analytics, a research firm. The report said it was unclear how much CIC intended to allocate capital in the U.S. real estate sector. The company released its second annual report since its inception in Thursday, but did not say that real estate investment has a multiple position in its portfolio.　　Mr McCormack, executive director of Shanghai Z-Ben Business Consulting Co., reckons that CIC's global portfolio of assets is less than $5 billion trillion, or 5% per cent, in real estate. People close to the situation said CIC's funds were almost entirely invested and the company had applied to Beijing for capital injections.　　At the end of last year, CIC managed assets of about $332.4 billion trillion, of which only 16.4 billion were cash or deposits, down more than 70% per cent year-on-year. Mr McCormack said that if CIC were to receive a further 100 billion trillion dollars in capital injections, it was expected to increase its investment in the real estate industry by $10 billion to 15 billion dollars over the next 18 months. ' Investing in real estate funds is a good choice when you need to make big investments without being found, ' he says.