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China's Modern Land forms new company to invest in US real estate

Modern Land(China) Co. Ltd. is ramping up efforts to invest inthe U.S. real estate market with the formation of an affiliate company thatwill be based in Houston.

The company, AMG Capital LLC, will target class A urbanmultifamily developments in high-growth cities in the U.S., including Houston,Dallas, Austin, Seattle, Denver, Orlando, Phoenix and Atlanta. It will alsotarget supply constrained markets like New York City, San Francisco, LosAngeles, Boston and Washington, D.C.

According to its website,the newly established company will also focus on high-quality offices, luxuryhotels and urban in-fill lands.

AMG Capital's investment partners include institutionalinvestors and high net worth investors from China and Hong Kong.

John Landrum serves as the new company's president CEO.Landrum is also the co-founder of AMG Capital, along with Modern Land ChairmanLei Zhang.

"The formation of AMG Capital LLC is another step inModern Land's commitment to invest in quality U.S. real estate with ourexisting clients from China," the chairman said, according to the newsrelease.