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SINGAPORE-Fund manager ARA Asset Management has launched three funds, targeting this China, India and Japan, in hopes that it can scoop up real estate assets at discounted prices in the coming year. “In terms of the deal flows, we do see more and more opportunities coming up,” said CEO John Lim of the locally based firm, in a Reuters report.

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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