Real Property Law
Cal. Real. Prop. Journal 2015, VOL. 33, NO. 4
Content
- 2015-2016 Executive Committee of the Real Property Law Section
- Are You a Good Host? the Shifting Legal Landscape of Airbnb, Vrbo, and Other Online Short-Term Rental Hosting Platforms
- California Real Property Journal Editorial Staff
- MCLE Self Study Article: the Lis Pendens: Strategies and Pitfalls
- Message from the Chair
- Real Property Law Section
- Shared Responsibility Mortgages
- State of Faith: Making Sense of California Real Estate Good Faith Negotiation Agreements
- Suggested Tenant Revisions to the "Air" Standard Industrial/Commercial Multi-Tenant Lease — Net
- Table of Contents
- Cross Border Chinese Real Estate Joint Ventures and Reverse Mergers
Cross Border Chinese Real Estate Joint Ventures and Reverse Mergers
Michael Puleo
Michael Puleo is a real estate attorney working at Kennedy Wilson in their commercial brokerage division where he focuses on the sale and acquisition of office, retail, and mixed properties for high net worth individuals. Given Michael’s prior experience in both the investment banking and alternative asset management industries, Michael has now directed his focus to the international real estate market with a concentration on cross-border exchanges and investment funds.
I. Introduction
From a foreign direct investment ("FDI") position, it seems that every morning either the Wall Street Journal or another notable business news publication is reporting financial transactions that involve a Chinese state- or privately-owned enterprise. On the U.S. real estate front, Chinese enterprises, including state-owned insurance companies, sovereign wealth funds, and a collection of private investor capital via the EB-5 program1 are deploying large amounts of money into a real estate sector that has vastly rebounded since its 2008 market crash. Given such capital deployment, it appears that a market for joint venture projects has blossomed.