Xinyuan Real Estate (“Xinyuan”), headquartered in Beijing, was a developer of large-scale, high-quality, multiple rise apartment buildings targeting middle-income consumers in China. The company focused on select Tier 2 cities, especially in the Henan province. EI helped lead Xinyuan’s initial public offering on the NYSE in 2007 (NYSE:XIN), where it was the first and only Chinese homebuilder listed on the exchange. EI monetized its investment in Xinyuan through a series of public transactions.