( ASAE ) ASAP International Holdings Arranges Purchase of Pasadena Apartments
16 hours 16 minutes ago - DJNF
LOS ANGELES, CA / ACCESSWIRE / August 29, 2014 / ASAP International Holdings ("ASAP") (OTCQB: ASAE) announced today that it has successfully advised the purchase for Chinese buyers on the acquisition of the 15 unit apartment complex closed on July 28, 2014.
Located in the heart of Pasadena, the apartment buildings are basically connected with the newly remodeled and expanded Convention Center, Paseo Colorado open air shopping center, and Old Town Pasadena. Hailed as Southern California's most unique living experience next to Paseo Colorado shopping village. The apartments are ideal for those looking for a world of convenience and comfort with dining, entertainment, and major freeways.
CEO Frank Yuan and CIO Jerome Yuan led the ASAP team on the transaction. ASAP has been one of the most active hotel buyers in the U.S. for the past three years, constantly searching for more hotels and will maintain active in the hospitality buy side for the foreseeable future.
Mr. Frank Yuan stated, "The Apartment complex represents a key asset class for investors looking for stable return. Finding suitable apartment investments in the San Gabriel Valley is challenging." Yuan also commented "We really appreciate every party in the transaction, including SGV Management and sellers. Their cooperation was the only way to get this deal done smoothly and successfully."
About ASAP
ASAP is a holding company that operates real estate, investment banking and consulting for Chinese companies. Our mission is to be the bridge between China and the Western world. Our Real Estate division assists with institutional and high net worth individuals with acquisition advisory and asset management. Corporate website www.asapholdings.com
With the exception of historical information, the matters discussed in this news release include "forward-looking statements" within the meaning of the federal securities laws that are qualified by cautionary statements herein and in all company's filings with the Securities and Exchange Commission. We undertake no obligation to update any forward-looking statement to conform the statement to actual results or changes in our expectations.
CONTACT:
Ana Gandara Morales
(213) 625 1200
info@asapholdings.com
SOURCE: ASAP International Holdings
(END) Dow Jones Newswires
August 29, 2014 06:46 ET (10:46 GMT)
