Pennsylvania Properties, another wholly owned US subsidiary, was formed in 1992 to invest opportunistic commercial real estate transactions. Since its inception the company has invested in real estate in the US, England, Spain and Argentina. The company's primary holdings consist of prime office space, R&D, and telecommunications space. Investments have taken the form of limited partnership interests sponsored mostly by Yale Properties USA and/or its affiliates. For more information please visit www.yaleusa.com.

The company continues to search for attractively priced opportunities, which can continue to add to its successful track record. Recently the company has partnered which such institutional investors as Goldman Sachs, The Blackstone Group, Barrow Street Capital, Chase Manhattan Bank and Divco West in pursuit of undervalued real estate assets.