Mirae Asset Management has sold its Dallas office building that it purchased with funds raised from individual investors, at a price that is about 25% lower than the purchase price. Mirae Asset decided to sell four office buildings in City Line, a complex in Dallas-Richardson, Texas, for KRW 779.7 billion. The investment was made with Korea’s first US real estate public offering fund established in September 2016. Compared to the purchase price of KRW 978.6 billion won in 2016, the current price is around 30% lower in USD and 20% lower in KRW. State Farm, America’s leading non-life insurance company, signed a long-term lease for 100% of the […]