{"id":334890,"date":"2022-10-31T09:15:29","date_gmt":"2022-10-31T01:15:29","guid":{"rendered":"https:\/\/www.mingtiandi.com\/?p=334890"},"modified":"2023-07-19T17:49:47","modified_gmt":"2023-07-19T09:49:47","slug":"blackrock-hines-realterm-on-singapore-industrial","status":"publish","type":"post","link":"https:\/\/www.mingtiandi.com\/real-estate\/events\/blackrock-hines-realterm-on-singapore-industrial\/","title":{"rendered":"BlackRock, Hines, ESR-Logos REIT and Realterm Bullish on Singapore Industrial"},"content":{"rendered":"<div class=\"container-lazyload container-vimeo js-lazyload--not-loaded\"><a href=\"https:\/\/player.vimeo.com\/video\/762672480?h=63608d401a\" id=\"762672480\" class=\"lazy-load-vimeo preview-lazyload preview-vimeo\" data-video-thumbnail=\"https:\/\/i.vimeocdn.com\/video\/1537637195-bffacedca512be9737f8ffc5f7096b8ef08310cd81de47a8160afbec14c00013-d_295x166\" data-video-title=\"Panel: Singapore&#039;s Industrial Future\" title=\"Play video &quot;Panel: Singapore&#039;s Industrial Future&quot;\">https:\/\/player.vimeo.com\/video\/762672480?h=63608d401a<\/a><noscript>Video can&#8217;t be loaded because JavaScript is disabled: <a href=\"https:\/\/player.vimeo.com\/video\/762672480?h=63608d401a\" title=\"Panel: Singapore&#039;s Industrial Future\">Panel: Singapore&#039;s Industrial Future (https:\/\/player.vimeo.com\/video\/762672480?h=63608d401a)<\/a><\/noscript><\/div>\n<p>Region-leading yields are among the factors keeping Singapore\u2019s industrial assets among the top priorities for real estate investors, according to decision-makers from BlackRock, Hines, ESR-Logos REIT and Realterm who appeared at a Mingtiandi forum <a href=\"https:\/\/www.mingtiandi.com\/real-estate\/events\/mingtiandi-singapore-forum-brings-in-over-200-execs\/\">earlier this month<\/a>.<\/p>\n<p>\u201cSingapore industrial is a very good fit for our value-add strategy of building a portfolio of high quality income-producing properties for core investors that offer a good yield spread to borrowing costs,\u201d BlackRock Alternatives director and head of investments for Southeast Asia real estate Andrew Lee told Mingtiandi\u2019s first ever forum in the city. \u201cEven after adjusting for shorter land leases, Singapore still offers one of the highest yields across developed APAC markets, and for us, that\u2019s a big investment positive.\u201d<\/p>\n<p style=\"text-align: center;\"><a data-no-instant=\"1\" href=\"https:\/\/ad.doubleclick.net\/ddm\/trackclk\/N6563.3378992MINGTIANDI\/B30546704.375324595;dc_trk_aid=566156183;dc_trk_cid=192150727;dc_lat=;dc_rdid=;tag_for_child_directed_treatment=;tfua=;ltd=;dc_tdv=1\" rel=\"noopener\" class=\"adv-link\" target=\"_blank\" aria-label=\"Copy of APAC_EN_Capabilities_Static_StandoutAPAC_780x250_Real Estate\"><img decoding=\"async\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/10\/Copy-of-APAC_EN_Capabilities_Static_StandoutAPAC_780x250_Real-Estate.jpg\" alt=\"\"  srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/10\/Copy-of-APAC_EN_Capabilities_Static_StandoutAPAC_780x250_Real-Estate.jpg 780w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/10\/Copy-of-APAC_EN_Capabilities_Static_StandoutAPAC_780x250_Real-Estate-400x128.jpg 400w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/10\/Copy-of-APAC_EN_Capabilities_Static_StandoutAPAC_780x250_Real-Estate-640x205.jpg 640w\" sizes=\"(max-width: 780px) 100vw, 780px\" width=\"780\" height=\"250\"   \/><\/a><script language='JavaScript1.1' src=\"https:\/\/ad.doubleclick.net\/ddm\/trackimpj\/N6563.3378992MINGTIANDI\/B30546704.375324595;dc_trk_aid=566156183;dc_trk_cid=192150727;ord=+ Date.now();dc_lat=;dc_rdid=;tag_for_child_directed_treatment=;tfua=;gdpr=${GDPR};gdpr_consent=${GDPR_CONSENT_755};ltd=;dc_tdv=1?\" attributionsrc ><\/script><\/p>\n<p>Lee said the city\u2019s business parks and logistics assets generate around 5.5 percent and 6.5 percent in yields, respectively, helping the Lion City to register some of the lowest degrees of cap rate compression in Asia Pacific.<\/p>\n<p>Speaking as part of the same panel at the Mingtiandi Singapore Focus Forum 2022, which was sponsored by Yardi, Adrian Chui chief executive for the manager of ESR-Logos REIT said he expects the sector to continue outperforming in the coming years after the global supply chains and consumer behaviour were transformed by the coronavirus pandemic.<\/p>\n<h3>Maximising Income<\/h3>\n<p>In addition to high rates of return, BlackRock\u2019s Lee said the city\u2019s industrial property segment also enjoys a strong tenancy profile with most tenants coming from sectors like e-commerce, logistics, biomedical, medical technology, technology and even banking.<\/p>\n\n\t\t<style type=\"text\/css\">\n\t\t\t#gallery-1 {\n\t\t\t\tmargin: auto;\n\t\t\t}\n\t\t\t#gallery-1 .gallery-item {\n\t\t\t\tfloat: left;\n\t\t\t\tmargin-top: 10px;\n\t\t\t\ttext-align: center;\n\t\t\t\twidth: 25%;\n\t\t\t}\n\t\t\t#gallery-1 img {\n\t\t\t\tborder: 2px solid #cfcfcf;\n\t\t\t}\n\t\t\t#gallery-1 .gallery-caption {\n\t\t\t\tmargin-left: 0;\n\t\t\t}\n\t\t\t\/* see gallery_shortcode() in wp-includes\/media.php *\/\n\t\t<\/style>\n\t\t<div data-carousel-extra='{\"blog_id\":1,\"permalink\":\"https:\\\/\\\/www.mingtiandi.com\\\/real-estate\\\/events\\\/blackrock-hines-realterm-on-singapore-industrial\\\/\"}' id='gallery-1' class='gallery galleryid-334890 gallery-columns-4 gallery-size-thumbnail'><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.mingtiandi.com\/real-estate\/people\/hines-hires-lim-kian-fong-as-singapore-country-head\/attachment\/headshot-kian-fong58561-crop-cision\/'><img decoding=\"async\" data-attachment-id=\"240958\" data-orig-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/07\/Headshot-Kian-Fong58561-Crop-cision.jpg\" data-orig-size=\"700,499\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;,&quot;keywords&quot;:&quot;Array&quot;}\" data-image-title=\"Headshot-Kian-Fong58561-Crop- cision\" data-image-description=\"\" data-medium-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/07\/Headshot-Kian-Fong58561-Crop-cision-400x285.jpg\" data-large-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/07\/Headshot-Kian-Fong58561-Crop-cision.jpg\" width=\"150\" height=\"150\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/07\/Headshot-Kian-Fong58561-Crop-cision-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"Lim Kiam Fong Hines\" aria-describedby=\"gallery-1-240958\" srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/07\/Headshot-Kian-Fong58561-Crop-cision-150x150.jpg 150w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/07\/Headshot-Kian-Fong58561-Crop-cision-90x90.jpg 90w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/07\/Headshot-Kian-Fong58561-Crop-cision-420x420.jpg 420w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/07\/Headshot-Kian-Fong58561-Crop-cision-250x250.jpg 250w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-1-240958'>\n\t\t\t\tKian Fong Lim, Managing Director, Country Head, Singapore and Southeast Asia, Hines\n\t\t\t\t<\/dd><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon portrait'>\n\t\t\t\t<a href='https:\/\/www.mingtiandi.com\/real-estate\/events\/mingtiandi-singapore-focus-forum-2022\/attachment\/al-headshot\/'><img decoding=\"async\" data-attachment-id=\"329693\" data-orig-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/12\/AL-Headshot-e1661822720715.jpg\" data-orig-size=\"776,856\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;,&quot;keywords&quot;:&quot;Array&quot;}\" data-image-title=\"Andrew Lee, Director, Head of Investments, Singapore and Southeast Asia, BlackRock\" data-image-description=\"\" data-medium-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/12\/AL-Headshot-e1661822720715-363x400.jpg\" data-large-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/12\/AL-Headshot-e1661822536910-768x1024.jpg\" width=\"150\" height=\"150\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/12\/AL-Headshot-e1661822720715-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"Andrew Lee, Director, Head of Investments, Singapore and Southeast Asia, BlackRock\" aria-describedby=\"gallery-1-329693\" srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/12\/AL-Headshot-e1661822720715-150x150.jpg 150w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/12\/AL-Headshot-e1661822720715-90x90.jpg 90w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/12\/AL-Headshot-e1661822720715-640x640.jpg 640w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/12\/AL-Headshot-e1661822720715-420x420.jpg 420w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/12\/AL-Headshot-e1661822720715-250x250.jpg 250w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-1-329693'>\n\t\t\t\tAndrew Lee, Director, Head of Investments, Singapore and Southeast Asia Real Estate, BlackRock\n\t\t\t\t<\/dd><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.mingtiandi.com\/attachment\/esr-website_landing-page_v9\/'><img decoding=\"async\" data-attachment-id=\"303519\" data-orig-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2022\/02\/Adrian_Chui-e1659359137586.jpeg\" data-orig-size=\"457,316\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;,&quot;keywords&quot;:&quot;Array&quot;}\" data-image-title=\"ESR-Logos REIT chief executive Adrian Chui\" data-image-description=\"\" data-medium-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2022\/02\/Adrian_Chui-e1659359137586-400x277.jpeg\" data-large-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2022\/02\/Adrian_Chui-e1659359137586.jpeg\" width=\"150\" height=\"150\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2022\/02\/Adrian_Chui-e1659359137586-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"ESR-REIT chief executive Adrian Chui\" aria-describedby=\"gallery-1-303519\" srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2022\/02\/Adrian_Chui-e1659359137586-150x150.jpeg 150w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2022\/02\/Adrian_Chui-e1659359137586-90x90.jpeg 90w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2022\/02\/Adrian_Chui-e1659359137586-250x250.jpeg 250w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-1-303519'>\n\t\t\t\tAdrian Chui, CEO and Executive Director, ESR-Logos REIT\n\t\t\t\t<\/dd><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.mingtiandi.com\/attachment\/bastian-van-halder-realterm-resized-2\/'><img decoding=\"async\" data-attachment-id=\"333302\" data-orig-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2022\/10\/Bastian-van-Halder-Realterm-resized-e1665125678702.jpeg\" data-orig-size=\"780,528\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;,&quot;keywords&quot;:&quot;Array&quot;}\" data-image-title=\"Bastian van Halder &#8211; Realterm (resized)\" data-image-description=\"\" data-medium-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2022\/10\/Bastian-van-Halder-Realterm-resized-e1665125678702-400x271.jpeg\" data-large-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2022\/10\/Bastian-van-Halder-Realterm-resized-e1665125678702.jpeg\" width=\"150\" height=\"150\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2022\/10\/Bastian-van-Halder-Realterm-resized-e1665125678702-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"gallery-1-333302\" srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2022\/10\/Bastian-van-Halder-Realterm-resized-e1665125678702-150x150.jpeg 150w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2022\/10\/Bastian-van-Halder-Realterm-resized-e1665125678702-90x90.jpeg 90w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2022\/10\/Bastian-van-Halder-Realterm-resized-e1665125678702-420x420.jpeg 420w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2022\/10\/Bastian-van-Halder-Realterm-resized-e1665125678702-250x250.jpeg 250w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-1-333302'>\n\t\t\t\tBastian van Halder, Managing Director, Asia Pacific, Realterm\n\t\t\t\t<\/dd><\/dl><br style=\"clear: both\" \/>\n\t\t<\/div>\n\n<p>\u201cSingapore industrial offers what investors are looking for \u2013 high yield, good spread to borrowing costs and exposure to defensive companies,\u201d Lee told the audience of over 200 industry executives. He added that, \u201cIn this inflationary and uncertain environment, we are optimistic that inflation-fighting properties that are leased to defensive tenants will command a premium.\u201d<\/p>\n<p>Kian Fong Lim, managing director and country head for Singapore and Southeast Asia at Hines, shared the same view, pointing to how Singapore industrial assets serve as a \u201cgood balancer\u201d to prop up the yield profile of a pan-Asia portfolio.<\/p>\n<p>Lim led Hines\u2019 debut in the Southeast Asian nation at the start of the year, when the US builder teamed up with German fund manager DWS Group to buy the <a href=\"https:\/\/www.mingtiandi.com\/real-estate\/logistics\/hines-dws-buy-singapore-asset-from-blackstone-soilbuild\/\">Bukit Batok Connection<\/a> industrial building for S$93.8 million ($69 million).<\/p>\n<p style=\"text-align: center;\"><a data-no-instant=\"1\" href=\"https:\/\/www.mingtiandi.com\/real-estate\/events\/oxford-ivanhoe-kic-savills-on-singapore-india-markets\/\" rel=\"noopener\" class=\"adv-link\" target=\"_blank\" aria-label=\"14 NOVEMBER 2023 conrad centennial Singapore\"><img decoding=\"async\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/11\/14-NOVEMBER-2023-conrad-centennial-Singapore.jpg\" alt=\"\"  srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/11\/14-NOVEMBER-2023-conrad-centennial-Singapore.jpg 780w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/11\/14-NOVEMBER-2023-conrad-centennial-Singapore-400x128.jpg 400w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/11\/14-NOVEMBER-2023-conrad-centennial-Singapore-640x205.jpg 640w\" sizes=\"(max-width: 780px) 100vw, 780px\" width=\"780\" height=\"250\"   \/><\/a><\/p>\n<p>\u201cIn the context of Singapore, you have to grapple with certain restrictions, you have to get your head around a relatively short land tenure compared to other parts of the world but what awaits you at the end of that is a generally excellent yield profile, the macro is very positive across many sectors,\u201d he said.<\/p>\n<p>For Bastian van Halder, managing director for Asia Pacific at logistics investment manager Realterm, earning returns from industrial investments in Singapore requires understanding the city-state\u2019s economy and the many small to medium-sized businesses operating from industrial properties.<\/p>\n<p>\u201cSingapore industrial, it\u2019s not that straightforward,\u201d van Halder said. \u201cYou\u2019re looking at a small independent business and you figure out how you can maximise the dollar per space from an income perspective.\u201d<\/p>\n<h3>Staying Relevant<\/h3>\n<p>ESR-Logos REIT\u2019s Chui, whose trust holds 34 assets across Singapore, the local industrial property scene has benefited from Singapore becoming more tightly integrated into global supply chains, and will continue to do so in coming years as countries rush to diversify industrial sourcing.<\/p>\n<p>\u201cToday, going forward, logistics and industrial will continue to play a sustainable role because I believe the way we produce, consume and deliver goods have fundamentally changed,\u201d he said.<\/p>\n<p style=\"text-align: center;\"><div style=\"margin-left: auto; margin-right: auto; text-align: center; \" id=\"mingt-1703639303\"><a data-no-instant=\"1\" href=\"https:\/\/www.yardi.asia\/Resource\/?resource=Technology+Transformation+in+Asian+Real+Estate+%28White+Paper%29&#038;utm_source=mingtiandi&#038;utm_medium=website&#038;utm_campaign=wp23ttare\" rel=\"noopener\" class=\"adv-link\" target=\"_blank\" aria-label=\"Yardi &#8211; Asia Proptech Report 2023 v5_250\"><img decoding=\"async\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/11\/Yardi-Asia-Proptech-Report-2023-v5_250.gif\" alt=\"\"  width=\"780\" height=\"250\"  style=\"display: inline-block;\" \/><\/a><\/div><\/p>\n<p>\u201cWhen the world is in a mess, logistics is counter-cyclical, they tend to perform and I think we are still in a mess,\u201d he added.<\/p>\n<p>Moderated by Joyce Lo, director of private capital advisory at boutique investment bank Lazard, the industrial panel was part of the 8-session forum hosted by Mingtiandi last week at the ParkRoyal Collection Hotel in Marina Bay.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"container-lazyload container-vimeo js-lazyload--not-loaded\">https:\/\/player.vimeo.com\/video\/762672480?h=63608d401aVideo can&#8217;t be loaded because JavaScript is disabled: Panel: Singapore&#039;s Industrial Future (https:\/\/player.vimeo.com\/video\/762672480?h=63608d401a)<\/div>\n<p>Region-leading yields are among the factors keeping Singapore\u2019s industrial assets among the top priorities for real estate investors, according to decision-makers from BlackRock, Hines,&#8230;&nbsp;<a href=\"https:\/\/www.mingtiandi.com\/real-estate\/events\/blackrock-hines-realterm-on-singapore-industrial\/\">Read&nbsp;More>><\/a><\/p>\n","protected":false},"author":12201,"featured_media":334891,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[3456],"tags":[1810,8682,5359,5032,8380,8400,9051,9009,5391],"ppma_author":[8848],"authors":[{"term_id":8848,"user_id":12201,"is_guest":0,"slug":"beatrice-laforga","display_name":"Beatrice Laforga","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/d4be689d8f5a82939d685df6ef171fcb?s=96&d=mm&r=g","user_url":"","last_name":"Laforga","first_name":"Beatrice","description":""}],"_links":{"self":[{"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/posts\/334890"}],"collection":[{"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/users\/12201"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/comments?post=334890"}],"version-history":[{"count":0,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/posts\/334890\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/media\/334891"}],"wp:attachment":[{"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/media?parent=334890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/categories?post=334890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/tags?post=334890"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/ppma_author?post=334890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}