PEARLAND, TX-Expanding its presence in the Houston area, Gaia Real Estate has joined forces with Grand China Fund to acquire the 286-unit Whispering Winds from Besyata Investment Group in an off-market transaction. The buy is the partnership’s first, though Gaia’s managing partner Amir Yerushalmi indicates that his New York City-based company is working with the Beijing-based fund on other potential investments.

“This group has development projects in China,” Yerushalmi says. “Lately, they’ve begun looking into real estate opportunities in the US. They have a good understanding of the market.”

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