Mofang completes Series D financing of US$150 million from CDPQ

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Mofang Apartments, China’s largest institutional for-rental apartment operator, announced today that it has completed Series D financing totaling US$150 million, led by Caisse de dépôt et placement du Québec (CDPQ), one of Canada's leading institutional fund manager. Mofang is a pioneer and leader of China's apartment rental industry and is currently the largest domestic operator by number of operational rooms. Mofang has attracted funding from multiple investors in prior rounds of financing, including AVIC Trust and Warburg Pincus, by demonstrating excellent capabilities in product design, efficient operations and business model innovation. New capital supports further innovation false false false ABOUT MOFANG APARTMENTS Mofang is China’s leading institutional for-rental apartment operator and an industry pioneer. Its business spans 20 major cities including Beijing, Shanghai, Guangzhou, and Shenzhen. Mofang caters to different market segments by leveraging its outstanding operational capabilities and a range of product offerings to offer safe, affordable, convenient, and comfortable rental solutions for urban professionals and workers. Mofang creates a revolutionary lifestyle ecosystem centered around its high-quality apartments and value-added services. ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at December 31, 2018, it held CA$309.5 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.