Image: Elyn He

Elyn He

Partner, Real Estate Department
43/F, Jing An Kerry Center Tower II 1539 Nanjing West Road Shanghai 200040, PRC

Fax: 86-21-6170-6116


Elyn He is a partner in the Real Estate practice of Paul Hastings. Ms. He focuses her practice on cross-border real estate transactions, private equity fund formation and investment transaction, and joint ventures. She also has experiences advising Chinese institutional investors on various types of outbound real estate investments.

Ms. He received an LL.M. degree from New York University School of Law in 2016, and obtained a Bachelor of Laws (LL.B.) degree from Fudan University in 2009. Ms. He is a member of the New York State Bar. She passed the bar in China in 2009, but does not hold a current practicing certificate. She is fluent in Mandarin and English.

Accolades and Recognitions

  • Recognized as one of the "Rising Stars" in Real Estate and Construction (Foreign Firms) by Legal 500


  • New York University School of Law, LL.M., 2016

  • Fudan University, LL.B., 2009

Recent Representations

  • SDP Investment  in the formation of a joint venture with an international institutional investor in connection with the acquisition of U-Show Plaza in Beijing for an investment amount of approximately RMB4 billion. This is one of the largest acquisitions with foreign investment in the Beijing real estate market since the global outbreak of the COVID-19 pandemic.

  • Apollo Global Management on its formation of a joint venture with Hong Kong Shanghai Alliance Holdings Limited, a Hong Kong-listed real estate investor, and on the joint venture's RMB3.1 billion acquisition (and financing relating thereto) of Great Wall Financial Building, a 52-storey high-rise landmark commercial building located in Huangpu District, Shanghai.

  • Proprium Capital Partners, a privately-held real estate focused principal investing firm, and a middle eastern sovereign wealth fund as its co-investor, in the formation of a US$500 million joint venture with China SCE Group Holdings and FUNLIVE Holdings to invest in high quality rental apartment projects in gateway cities in China.

  • JHJ Logistics, a company led by former executives with The Carlyle Group's Asia real estate platform, in connection with the formation of a joint venture with Jaguar Growth Partners, and the joint venture's acquisition of Brilliant Enterprise Management Consulting, a leading warehouse, distribution and logistics property company in China.

  • ARA Asset Management in its formation of a partnership with Straits Real Estate and ICBC International and the partnership's RMB2.42 billion acquisition of Sanlin InCity, a retail mall located in the Sanlin District of Pudong, Shanghai.

  • Ascent Real Estate Investors and Sigma Delta Partners Investment on the formation of an institutional investor consortium and the consortium's US$1.34 billion acquisition of Dinghao Electronics Plaza, a landmark complex located in the core area of Zhongguancun, Beijing. The transaction is one of the largest-ever foreign investor acquisitions of a Beijing commercial real estate asset.

  • China Cinda, in its investment in Glorious Stand and Harmonic Run, which engaged in the operation of themed indoor experience centers under the intellectual property licenses granted by Lionsgate.

  • ICBC International in its formation of a partnership with Sino-Ocean Group for the RMB5.38 billion acquisition from affiliates of Sino-Ocean of Ocean Office Park (Beijing). Ocean Office Park (Beijing) is a Grade-A office building located in the core area of CBD, Chaoyang District, Beijing.

  • ICBC International in its investment into JD Logistics' US$2.5 billion Series A financing. JD Logistics is the warehousing and shipping subsidiary of China's second-largest ecommerce player Other investors included China Life, Tencent, and China Development Bank Capital FOF. This was one of the largest single financings in China's logistics industry.

  • ICBC International Investment Management Limited, the wholly-owned Hong Kong subsidiary of the Industrial and Commercial Bank of China Limited, on its formation of a partnership with Sino-Ocean Capital Limited for the acquisition of a large commercial real estate portfolio in China. The portfolio comprises six commercial properties aggregating approximately 200,000 sqm across Beijing, Shanghai, Chengdu and Shenyang, China, of which approximately 65% is for office use and the remaining 35% is for retail use.

  • Starwood Capital, a leading global private investment firm, on the establishment of a China-based hotel joint venture with Shimao Property Holdings, a leading Chinese property developer and operator. The joint venture will focus on developing, operating, and branding assets in the hotel market in China.

  • Ping An, the second largest insurer in China, in its formation of a joint venture with Blumberg Investment Partners to invest in long-term, high-quality net-leased assets across the United States. This transaction marks Ping An's entry into the United States' logistics real estate market.

  • A joint venture between The Carlyle Group and CLSA in the sale of Hongjia Tower, a Grade-A office building in Shanghai, China, to a wholly-owned subsidiary of Yuexiu Real Estate Investment Trust.

  • Standard Chartered Bank (Hong Kong) Limited, represented Standard Chartered in the US$35 million offshore secured term loan facility and the RMB673.6 million onshore secured term loan facilities to be provided in two tranches to finance the development of a real estate development project in Dalian.

  • Forterra Trust, represented the Singapore-listed real estate fund in its disposition of the property in Beijing known as Beijing Logistics Park to Singapore-listed real estate fund Global Logistic Properties Limited.

  • Australia and New Zealand Banking Group Limited, Deutsche Bank AG, London Branch and Credit Suisse AG, Singapore Branch as mandated lead arrangers, underwriters and bookrunners in connection with a US$480 million secured term loan facility and US$20 million revolving facility to RCA01, a special purpose vehicle wholly-owned by Spring Real Estate Investment Trust.

  • Forum Partners, a global real estate investment and asset management firm, in its loan facility extended to an affiliate of Sansheng Real Estate Group Limited.

  • A leading real estate private equity fund in its acquisition (and related onshore and offshore financing therefor), and disposition of an office tower in Zhangjiang, Shanghai, China.

  • A leading real estate private equity fund in its acquisition (and related onshore and offshore financing therefor) of a high-end retail property in Shanghai, China.

  • A leading real estate private equity fund in its acquisition (and related onshore and offshore financing therefor) of a landmark office tower in Suzhou, China.

Practice Areas

Real Estate Development and Construction
Real Estate Equity Investments and Joint Ventures
Real Estate Acquisitions and Dispositions
Real Estate


Chinese (Mandarin)


New York Bar


New York University School of Law, LL.M. 2016
Fudan University School of Law, LL.B. 2009

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