Chinese government bets big on US real estate with large stake in NY-based REIT

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China Investment Corp is the second-largest government-owned investment fund in the world and it has just bought a 16 percent state in U.S. lender TPG RE Finance — a huge vote of confidence for U.S. real estate. The New York-based REIT originates and buys loans for commercial developments including offices, hotels and apartments. [Bisnow]