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Transaction closed December 2008, with construction starting in the first quarter of 2009 |
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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 |
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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 |
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Development will be comprised of over 1,500 residential units in 11 high-rise towers |
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Land area is approximately 500,000 square feet, with buildable area of approximately 2.3 million square feet |
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