China Oceanwide Holdings’ development subsidiary has been warning in regulatory filings that if it can’t bolster its finances, it might not continue as an operating concern.
The firm, which provides short-term apartment rentals, plans to use the new funding to fuel expansion in cities including Miami, Madrid, Zurick and Berlin.
Competition for industrial net lease assets is so high, sellers are marketing their properties without price tags to see how far buyers will go to win the bid.