US REAL ESTATEAn overview of our practice for Chinese investors

US REAL ESTATE PRACTICE

DLA Piper’s Real Estate group has significant experience orchestrating China-US real estate transactions and is a market-leading firm in this space. Our US and Asia leadership teams bring centralized and creative group management in addressing our clients’ cross-border deals. We offer unmatched experience acting on behalf of US and Chinese investors, including sovereign wealth funds, pension funds and institutional and global private equity investors, on their inbound and outbound investments.

Our lawyers have significant acquisition and finance experience in the real estate sector and are located in the US, Hong Kong and China. We work on transactions of all sizes, from US$10 million single assets to US$2 billion dollar-plus portfolio transactions, and are familiar with investment process and procedures. Our US, Hong Kong and China teams work closely together to deliver seamless service in both English and Chinese when required.

DLA PIPER STATISTICS

• 4,200 lawyers in nearly 80 offices across more than 30 countries worldwide

• 500 Real Estate lawyers globally

• 175-lawyer US Real Estate practice

• Supporting client real estate goals at the local, national and global levels

ACCOLADES

Chambers USA30 DLA Piper Real Estate and Construction lawyers named leading business lawyers in the US, more than any other US law firm (2014)

Who’s Who Legal: The International Who’s Who of Business LawyersNamed Law Firm of the Year in real estate for eleven consecutive years (2015)

Law360 Top spot as the law firm with the largest Real Estate practice in the US (2014)

Chambers USA Won the Award for Excellence two times, recognizing DLA Piper as the top Real Estate practice in the US

When your business includes investment to or from overseas parties, we have lawyers who understand not only the local regulatory requirements, customs and practices, but are also aware of your home country restrictions.

INTEGRATED LEGAL SERVICES FOR CHINESE INVESTMENT IN US REAL ESTATE

WWW.DLAPIPER.COM

"DLA Piper once again emerges from our research as the strongest law firm in the world for real estate" – Who's Who Legal

CORE REAL ESTATE SERVICES

■ Acquisition and disposition

■ Capital markets

■ Construction

■ Cross-border investment

■ Environmental

■ Finance

■ Fund formation

■ Insurance

■ Joint ventures, partnerships and other entities

■ Land use and entitlements

■ Leasing

■ Litigation

■ Portfolio transactions

■ Private equity/opportunity funds

■ REIT representation

■ Restructuring and loan workouts

■ Tax

ASSET CLASSES

■ Corporate real estate

■ Education

■ Government

■ Health care

■ Hotel and leisure

■ Industrial

■ Infrastructure and utilities

■ Land

■ Manufacturing and warehouse

■ Mixed use

■ Office

■ Residential: single family and multifamily

■ Retail

■ Timeshares and fractionals

CLIENTS WE REPRESENT

■ Private equity and hedge funds

■ Investment advisors

■ Pension funds, endowments and other institutional investors

■ REITs

■ Commercial banks and investment banks

■ Insurance companies

■ Senior and mezzanine lenders

■ Fund sponsors

■ Off-shore investors

■ Developers

■ Governmental entities

■ Major retailers

■ Fortune 100 companies

SECTOR APPROACH We are committed to working with our real estate clients resolve their concerns through our sector approach – meshing with our Corporate, Finance, Tax and Restructuring teams to provide the full spectrum of legal services that clients need in their real estate business.

GLOBAL INTEGRATION Our unified global leadership team, led by our US, EMEA and Asia Pacific regional heads of Real Estate, brings centralized, creative group management to bear to address clients’ cross-border concerns.

REPRESENTATIVE US EXPERIENCE

China-US cross border experience ■ Greenland USA, a subsidiary of Greenland Group Co., in

closing on the acquisition of a 70% interest in the US$5 billion Pacific Park (formerly known as Atlantic Yards) development project in Brooklyn

■ Fosun International in its US$725 million acquisition of One Chase Manhattan Plaza in New York from JPMorgan Chase. The 60-story, 2.2 million-square-foot office building was once the headquarters of Chase Manhattan Bank

■ Greenland USA in the US$145 million purchase of LA Metropolis in Los Angeles, California in anticipation of the development of a US$1 billion four tower mixed- use project involving hotel, residential condominium and retail components

■ Ping An Real Estate Co., Ltd. in a joint venture sponsored by Tishman Speyer Properties to develop Pier 4 in Boston Harbor as a high-end mixed-use project

■ Ping An Trust Co. Ltd. in the structuring of private equity investment of up to US$300 million into distressed US real estate fund managed by a major US-based asset manager

■ Beijing Capital Group in their joint venture with Trammell Crow Company to acquire and invest in portfolio real estate assets in the US

■ China Construction America, Inc. (CCA) in its purchase of a 320,000 square foot Class-A office property in Morris Township, New Jersey. The US$71 million transaction is the first investment property purchased in the US by CCA

■ Bank of China in the US$275 million refinancing of the Rego Park II, a 610,000-square-foot shopping center in central Queens, New York, owned by a public REIT; a US$170 million refinance of the Mandarin Oriental, a five-star hotel that is part of the Time Warner Center in New York’s Columbus Circle; and the US$3.5 billion refinance of the Venetian Macau casino resort

Additional significant experience ■ Harrison Street Real Estate Capital in more than 50 US and

international transactions and closings in 2014 in excess of US$2 billion

■ Ventas, Inc. in the US$2.3 billion cash and stock acquisition of American Realty Capital Healthcare Trust Inc.

■ Oxford Properties Group in the US$2.055 billion acquisition of five Class A office buildings in Boston and Cambridge, Massachusetts

■ The Macerich Company in the US$1.83 billion buy-out of partner Ontario Teachers’ Pension Plan Board's 49% interest in five top-performing US shopping centers

■ Green Courte Partners in the US$1.3 billion disposition of a 59-property portfolio of manufactured housing communities throughout the US

■ Fan Pier Development LLC, a joint venture of The Fallon Company and MassMutual, in the US$1.125 billion sale of Vertex Pharmaceuticals global headquarters at Boston’s Fan Pier

■ The Atlanta Braves in all aspects of the US$1 billion-plus development of a new Major League Baseball stadium and mixed-use project in Cobb County, Georgia

■ Hyatt Hotels Corporation in the US$590 million disposition of a 38-hotel portfolio across 21 states

■ Oxford Properties Group in the US$545 million acquisition of 450 Park Avenue in New York City

■ SEB Investment GmbH, a German open end fund, in the sale of an office building in San Francisco and a Mid-Atlantic retail portfolio for an aggregate of US$500 million-plus

■ InterContinental Hotels Group in the US$430 million acquisition of Kimpton Hotels & Restaurants

■ Sears Holdings Corporation in a US$400 million loan secured by 25 properties located in ten states

■ Callahan Capital Properties LLC as advisor and agent for Ivanhoé Cambridge in the US$280 million acquisition of two office buildings in Seattle

■ Union Investment Real Estate GmbH in the US$165 million acquisition of 50 South 10th Street in Minneapolis

■ Acting as lead counsel for The Port Authority of New York and New Jersey in the redevelopment of the World Trade Center

FOR MORE INFORMATION

To learn more about DLA Piper, visit www.dlapiper.com or contact:

Jay EpstienCo-Chair, US & Global Real Estate Practices T +1 202 799 4100 jay.epstien@dlapiper.com

Stephen CowanHead of US-China Real Estate Group T +1 415 615 6000 stephen.cowan@dlapiper.com

DLA Piper is a global law firm operating through DLA Piper LLP (US) and affiliated entities. For further information please refer to www.dlapiper.com. Note past results are not guarantees

of future results. Each matter is individual and will be decided on its own facts. Attorney Advertising. Copyright © 2015 DLA Piper LLP (US). All rights reserved. | JUN15 | 032AA_LET