https://capitalandmain.com/venice-renters-get-new-landlord-a-san-francisco-investment-giant-0723
Roughly a year before construction would begin at Fay Avenue, 69 tenants sued Veritas Investments and CEO Yat-Pang Au in San Francisco, where the company owns over 250 apartment buildings. By February 2019, the lawsuit expanded to include 106 tenants in 39 different buildings. Negotiations between Veritas and the plaintiffs are ongoing. (Veritas also received a Paycheck Protection Program loan this spring, which, under pressure from Nancy Pelosi, they say they will repay.)
http://usa.chinadaily.com.cn/epaper/2013-06/21/content_16643650.htm
Last month, California's median home price experienced its biggest gain in more than 33 years, according to the California Association of Realtors. But it didn't put off wealthy Chinese who have been pouring money into Golden State real estate.
The San Francisco Bay Area is seeing a tremendous surge in real estate investment from China. According to the San Francisco-based Asia Society, California is on track this year to receive record investments in both commercial and residential real estate.
The society recently held a panel discussion on "Courting the Chinese Buyer: The New California Real Estate Boom". The experts there agreed that Chinese investment in Bay area properties would continue to be strong.
Yat-Pang Au, founder and CEO of Veritas Investments Inc, one of the largest owners and operators of apartments in San Francisco, said that one of the reasons it made sense to invest in San Francisco was that it is a true cosmopolitan city recognized throughout the world, but still one of the cheapest. Au called it "a natural fit" for a Chinese investor.