U.S. Real Estate Management and Development Potentially Undervalued Companies

Longfor Group Holdings

Market Cap: US$65.8b

An investment holding company, engages in the property development, commercial investment, asset management, property management, and smart construction businesses in the People’s Republic of China.

RE/MAX Holdings

Market Cap: US$276.9m

Operates as a franchisor of real estate brokerage services in the United States, Canada, and internationally.

Longfor Group Holdings

Market Cap: US$65.8b

An investment holding company, engages in the property development, commercial investment, asset management, property management, and smart construction businesses in the People’s Republic of China.

LSL Property Services

Market Cap: US$259.1m

Engages in the provision of business-to-business services to mortgage intermediaries and estate agent franchisees, and valuation services to lenders in the United Kingdom.

Daito Trust ConstructionLtd

Market Cap: US$973.7b

Designs, constructs, and rents apartments and condominiums in Japan.

Lendlease Group

Market Cap: US$3.5b

Operates as an integrated real estate and investment company in Australia, Asia, Europe, and the Americas.

Cushman & Wakefield

Market Cap: US$3.5b

Provides commercial real estate services under the Cushman & Wakefield brand in the Americas, Europe, Middle East, Africa, and Asia Pacific.

Guangdong Land Holdings

Market Cap: US$436.4m

An investment holding company, invests in and develops properties in Mainland China.

China SCE Group Holdings

Market Cap: US$561.7m

An investment holding company, engages in the development, investment, and management of properties in the People’s Republic of China.

MIRARTH HOLDINGSInc

Market Cap: US$66.5b

Engages in the real estate business in Japan.

Country Garden Services Holdings

Market Cap: US$20.6b

An investment holding company, provides property management services to property owners, residents, and property developers in Mainland China.

China Resources Land

Market Cap: US$212.4b

An investment holding company, engages in the investment, development, management, and sale of properties in the People’s Republic of China.

Road King Infrastructure

Market Cap: US$502.1m

An investment holding company, invests in, develops, operates, and manages property projects and toll roads in Mainland China and Hong Kong.

Shimao Group Holdings

Market Cap: US$1.8b

An investment holding company, engages in the property development and investment business in the People’s Republic of China.

Daiwa House Industry

Market Cap: US$3.2t

Engages in the construction work business in Japan, the United States, and internationally.

Megaworld

Market Cap: US$65.3b

Engages in the development, sale, and leasing of real estate properties in the Philippines.

Daito Trust ConstructionLtd

Market Cap: US$973.7b

Designs, constructs, and rents apartments and condominiums in Japan.

New England Realty Associates Limited Partnership

Market Cap: US$230.5m

Engages in acquiring, developing, holding for investment, operating, and selling of real estate properties in the United States.

Shun Tak Holdings

Market Cap: US$2.1b

An investment holding company, engages in the property, transportation, hospitality and leisure, and investment businesses in Hong Kong, Macau, the People's Republic of China, Singapore, and internationally.

LogProstyle

Market Cap: US$24.6m

Operates as a real estate developer and management company in Japan.

SOHO China

Market Cap: US$2.9b

Engages in real estate development, property leasing, and related management activities in the People’s Republic of China.

Accelitron Advanced Motor Controls

Market Cap: US$943.5k

A privately owned investment manager based in Christiansted, Virgin Islands.

Compass

Market Cap: US$6.0b

Provides real estate brokerage services in the United States.

Forestar Group

Market Cap: US$1.4b

Operates as a residential lot development company in the United States.

Relo Group

Market Cap: US$254.2b

Engages in the provision of property management services in Japan.

Jinmao Property Services

Market Cap: US$2.5b

An investment holding company, provides property management services in the People’s Republic of China.

RMR Group

Market Cap: US$504.6m

Through its subsidiary, The RMR Group LLC, provides real estate asset management services in the United States.

Hang Lung Group

Market Cap: US$21.4b

An investment holding company, operates as a property developer in Hong Kong and Mainland China.

Aoyama Zaisan Networks CompanyLimited

Market Cap: US$40.5b

Provides property consulting solutions to individual and institutional asset owners in Japan.

UOL Group

Market Cap: US$7.2b

UOL Group Limited (UOL) is a leading Singapore-listed property and hospitality group with total assets of about $23 billion.

KATITAS

Market Cap: US$140.7b

KATITAS CO., Ltd. purchases, remodels, renovates, and sells used homes to individuals and families in Japan.

Singapore Land Group

Market Cap: US$2.5b

An investment holding company, engages in the development of properties for investment and trading in Singapore and internationally.

Poly Property Group

Market Cap: US$6.9b

An investment holding company, engages in the property investment, development, and management business in Hong Kong, the People’s Republic of China, and internationally.

Lai Sun Garment (International)

Market Cap: US$468.2m

An investment holding company, invests in and develops properties in Hong Kong, Mainland China, Macau, the United Kingdom, Vietnam, and internationally.

Hulic

Market Cap: US$1.3t

Engages in the holding, leasing, brokerage, and sale of real estate properties in Japan.

Newmark Group

Market Cap: US$4.2b

Provides commercial real estate services in the United States, the United Kingdom, and internationally.