Xinyuan Real Estate Co., Ltd is an NYSE-listed real estate developer and property manager primarily in China and a few other countries. It was founded in 1997 in Zhengzhou, the capital of central China’s Henan province, and is headquartered in Beijing.
Xinyuan launched its IPO on NYSE in 2007, and over the years has applied prudent financial management while strictly following compliance requirements for both financial reporting and internal controls. It obtained strategic investment from Texas Pacific Group (TPG) in 2013.
The company targets the rapidly expanding base of middle-class consumers and provides them with comfortable and convenient real estate related products and services. Xinyuan’s product portfolio consists of multiple rise buildings, high-rise buildings, and multi-family villas, together with auxiliary services and amenities such as retail outlets, leisure and health facilities, kindergartens and schools.
In China, the company develops and manages large-scale, high-quality real estate projects in more than 10 tier one and tier two cities with sustainable economic and population growth, including Beijing, Shanghai, Tianjin, Zhengzhou, Jinan, Qingdao, Xi’an, Suzhou, Changsha, and Zhuhai.
Xinyuan also leverages its experience and resources in the industry by providing construction management services for other companies that lack property development expertise. This asset-light business model allows Xinyuan to charge a service fee for its management while the company can also provide financing support by taking a minority stake in such projects, providing a good supplementary business segment for Xinyuan’s future development.
The company also provides property management services and other real estate-related services that complement its core business. In 2016, Xinyuan’s Property Management unit was ranked No. 14 in China by the National Property Management Association as measured by overall competitiveness.
The company is listed on China’s National Equities Exchange and Quotations (the “NEEQ”).
In 2012, Xinyuan was one of the first Chinese real estate developers to enter the US market, and over the past several years, it has been active in real estate development in New York.
Xinyuan’s Oosten Project in the Williamsburg section of Brooklyn, New York, has 216 units in total, and was fully completed in 2017. The project captured the No. 2 spot in Property Shark’s ranking of the TOP-10 Best-selling buildings in New York City in 2016, and took the No. 5 spot of the same survey for the first quarter of 2017.
Xinyuan’s project in Midtown Manhattan, its second New York development, is located at 615 10th Avenue, Hell’s Kitchen. It has 82 residential units, and Xinyuan has also executed a lease for this project with the national retailer Target Corporation, which will occupy most of the retail space on the ground level. This lease also marks Xinyuan’s first successful foray into the retail real estate market in New York City.
Xinyuan’s third project in New York City is designed by the famous I.M. Pei firm and contains 239 residential units. The project’s location is 135-35 Northern Blvd, Flushing, Queens, where a historical landmark — RKO Theater — stands. Part of the existing construction would be protected and renovated as an entrance for the new building, making the project a modern design combined with classic architecture.
In addition to its core real estate business, Xinyuan is also a pioneer working to apply blockchain technology in the property industry. Xinyuan’s blockchain subsidiary is one of the first batch of enterprises that have passed the national blockchain standard test, and now provides blockchain solutions to some financial regulatory institutions. Joining hands with IBM and Tsinghua People’s Bank of China School of Finance, Xinyuan’s blockchain subsidiary has already obtained more than 40 patents and could provide blockchain related technological services in different sectors.
Xinyuan’s solid financial position allows it great flexibility to continue executing its real estate development projects. This gives the company a good foundation for growth in the future, in both the domestic market and abroad. Xinyuan looks forward to providing better products and services to its owners, and delivering value to its shareholders.