ARA Plans Funds for Three Asian Countries

By remstaff & By Globe Street | January 07, 2009 at 05:03 AM

SINGAPORE-The firm is looking to raise $500 million separately for funds targeting China, India and Japan.

There could be more opportunities on the horizon as credit markets loosen up, and ARA's goal is to raise $500 million for each fund. Lim also said that his outfit could consider taking the REITs it currently manages private. Those include Suntec and Fortune REITs, both based here; Prosperity REIT, of Hong Kong; and Malaysia-based AmFIRST REIT.

To read the full Reuters report, click here.

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