Modern Land (China) Co. Ltd. has launched AMG Capital LLC, a U.S.-based affiliate company headed by chairman Lei Zhang and CEO John Landrum to direct the Chinese firm's investments in new multifamily developments in the U.S.
“The formation of AMG Capital LLC is another step in Modern Land’s commitment to invest in quality U.S. real estate with our existing clients from China,” Zhang said.
AMG Capital was formed specifically to invest in high quality, urban multifamily developments in U.S. cities experiencing job and population growth. The firm said those markets will include Houston, Dallas, Austin, Seattle, Denver, Orlando, Phoenix and Atlanta.
It also plans to invests in supply-constrained multifamily markets such as New York City, San Francisco, Los Angeles, Boston and Washington, DC.
Modern Land officials noted that multifamily investments have out-performed all other real estate asset classes in the U.S. for six of the past seven years.
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