Mapletree Acquires Oakwood Worldwide

LOS ANGELES and SINGAPORE, February 17, 2017

Mapletree Investments Pte Ltd, a leading real estate development, investment and capital management company, is pleased to announce that it has acquired Oakwood Worldwide, a premier global provider of corporate housing and serviced apartment solutions. The acquisition covers all of Oakwood’s global operations.

The Group’s assets are located across 12 economies globally, namely Singapore, Australia, mainland China, Germany, Hong Kong, India, Japan, Malaysia, South Korea, the United Kingdom, the United States and Vietnam. To support its global operations, Mapletree has established an extensive network of offices in Singapore, Australia, mainland China, Hong Kong, India, Japan, Malaysia, South Korea, the UK, the US and Vietnam.

In the US, Mapletree currently owns a portfolio of seven student accommodation assets located across six states, and eight Oakwood-branded corporate housing properties with more than 1,200 units. The corporate housing properties are situated in Silicon Valley, Raleigh, Los Angeles, Portland, Dallas and Seattle.

About Oakwood Worldwide

Oakwood Worldwide is the premier provider of corporate housing and serviced apartment solutions through its well-known brands, Oakwood, ExecuStay and Insurance Housing Solutions. With a presence in all 50 United States and more than 95 countries, the award- winning company provides move-in-ready furnished accommodations to meet the needs of global organizations, individual business travelers, insurance clients and leisure travelers alike. Oakwood Worldwide was founded in and continues to base its corporate headquarters in Los Angeles and operates regional headquarters in London, Phoenix and Singapore.