SINGAPORE (Dec 3): The manager of BHG Retail REIT is acquiring the property known as Badaling Outlets in Beijing, China, for $455 million.

The manager plans to fund the acquisition by issuing new BHG Retail REIT units to the seller, and also via a private placement and debt.

Units of BHG Retail REIT last traded at 70 cents, giving it a market cap of $352.7 million.

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