A sister organization of ours has paired with another property fund manager to invest in properties in "Australasia." The open-ended pan-Asia Pacific fund is sponsored by Prupim, the property investment management arm of Prudential plc (Prudential UK), and LaSalle Investment Management. Their new Asia Property Fund has been stocked with five assets in Australia, Singapore, Hong Kong and Korea that are valued at US $600 million. Prupim says the fund will invest in real estate throughout the region in multiple property types and structures.
Yes this isn't Ohio investment property, but yet another look at how entities large and small exploit the power of real estate.