Chinese rental apartment firms issue REITs, but some may struggle to make payouts

Chinese real estate companies have found a new tool to raise money – selling units in real estate investment trusts (REITs) backed by rental apartments. There is just one problem – in some cases the rental income may not be enough for the returns that REITs issuers indicated they will pay investors. Over the past six months, nearly half a dozen developers have successfully … https://reut.rs/2JuoM6C

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