ESR HK Management on Aug 5 acquired 400,000 units of AIMS APAC REIT (AA REIT) for $485,440, or an average of $1.21 each. It now owns a direct stake of 9.1 million units, or 1.29% of AA REIT. ESR HK Management also owns other AA REIT units through various related entities such as ESR Cayman and e-Shang Infinity Cayman. As a result, ESR HK Management’s total stake in AA REIT is now 91.9 million units, or 13%, up from 12.95% previously.

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