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CapitaLand unit transfers membership interests in US property portfolio operator

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CapitaLand unit transfers membership interests in US property portfolio operator

A unit of Singapore-based property company CapitaLand Ltd. transferred 10% of its membership interests in Synergy Global Housing LLC for US$4.1 million.

Sapphire Global Investment LLC shifted the Synergy Global Housing interests to the U.S. property portfolio operator's other member, Synergy Global Holding Corp.

CapitaLand purchased an 80% interest in Synergy Global Housing in July 2017, according to a release.