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CapitaLand residence arm goes on US, Australian buying spree

Franchises provide asset-light model to boost global footprint

Mosso, a Synergy property located in San Francisco, is popular among business travelers in the tech industry.

SINGAPORE -- CapitaLand unit Ascott has made its second acquisition this month as the serviced-residence subsidiary of Southeast Asia's largest real estate company moves aggressively to expand its presence in the U.S., Australia and beyond.

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