Alexander Shing’s Cottonwood Group has formed a new $200 million investment platform with BCEG International Investment – US (BCEGI-US) to pursue real estate opportunities throughout the U.S.
The partners are targeting ventures that require financing support, capital infusion and/or construction capabilities.
Shing announced the move in a joint statement with Yan Xing, president of BCEGI-US, which is the investment arm of Beijing Construction Engineering Group.
“Cottonwood and BCEGI-US have maintained a strong working relationship for many years, and we’ve established the level of trust that is critical in making partnerships a success,” said Shing.
“With BCEGI-US’ construction capabilities, our track record of financing even the most complex real estate investments and our shared commitment to bring the very best projects to life, we will put our expertise to work on behalf of developers and investors.”
The collective capabilities of Cottonwood and BCEGI-US offer the commercial real estate community financing and acquisition support, predevelopment expertise, bonding capabilities and solving issues to entitlements, design and construction management.
Through this investment platform, Cottonwood and BCEGI-US will target projects in primary markets, including but not limited to Seattle, San Francisco, San Jose, Calif., Los Angeles, San Diego, New York, Boston, Miami, Chicago, Washington D.C., Houston and Dallas.
Debt and equity investment opportunities through the partnership include, but are not limited to, construction loans, project restructuring, distressed asset management and ground-up development.
“Cottonwood and BCEGI-US have one important thing in common: we know and do our businesses well and have track records to show for it,” said Xing.
“We were eager to partner with Cottonwood because they bring financial strength, deal making process and construction expertise to the table—resulting in the best projects with the best risk/reward proposition. We’re looking forward to the stellar outcomes we know our combined forces will yield.”