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GIC in JV with NYSE-listed RPT Realty REIT

PC Lee
PC Lee12/11/2019 11:24 AM GMT+08  • 1 min read
GIC in JV with NYSE-listed RPT Realty REIT
(Dec 11): GIC, the sovereign wealth fund of Singapore, has formed a joint venture partnership with RPT Realty (RPT).
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(Dec 11): GIC, the sovereign wealth fund of Singapore, has formed a joint venture partnership with RPT Realty (RPT).

Listed on the New York Stock Exchange, RPT is a real estate investment trust that owns and operates a national portfolio of open-air shopping destinations located in top US markets.

RPT will contribute five properties, valued at US$244 million ($331.8 million), to the JV named RPT-GIC Venture (RGV).

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