KaiLong REI was founded in 2004 by Mr. Stephen A. Roth and Mr. Hei-Ming Cheng. Its institutional shareholders comprise Cargill and Secured Capital Japan. The company's principals and institutional shareholders have extensive experience in the U.S. institutional real estate capital markets. Their expertise also includes a comprehensive understanding of and familiarity with Japanese, Western Europe,China and other international markets. The principles and shareholders are recognized as effective and successful operators within the Chinese real estate environment, creating a global advantage in this competitive sector. KaiLong REI's clients include Carval Investors,Secured Capital Japan,Citigroup and DEGI,a German Open Ended Fund.

CarVal Investors (CarVal) (formerly Cargill Value Investment) is a global leader in value investing. Founded in 1987 by Cargill Incorporated, CarVal Investors has acquired more than $20 billion in assets in 2,900 transactions. The firm was an early entrant into this market, investing in 37 countries. Today CarVal Investors manage over $13 billion in assets across four primary businesses around the globe: Loan Portfolios, Corporate Securities, Real Estate and Special Opportunities.

Secured Capital Japan Co., Ltd. (SCJ) is the leader in real estate investment and asset management in Japan. It has generated excellent risk-adjusted investment returns for investors. The company was co-founded by the principals of Secured Capital Corp. (now Eastdil Secured a result of the merger that took effect in January 2006), a leading U.S. real estate investment bank. In January 2005, SCJ established an equity participation partnership in KaiLong REI, establishing a foothold in the expanding Chinese market.