Luxford Investment Group founder Michael Chen has been named as the new executive director of the division, it was announced Thursday.

The Los Angeles-based Aaron Kirman Group has launched a new Asia-Pacific Division in a bid to better tap into a growing market of luxury buyers from Asia, it was announced Thursday.

The Compass group, which says that it brought in over $726 million in sales in 2020, will serve both L.A.-based Asian buyers and buyers in major cities on the Asian continent.

Michael Chen

Michael Chen, founder of the Luxford Investment Group, has been named as its executive director and will work to oversee transactions with Aaron Kirman Group’s Southeast Asian real estate market. According to the Kirman Group’s announcement, Asian clientele often use L.A. as a base and look to buy luxury investment or part-time properties in major Asian cities — the new division will tailor specifically to that demand.

“We’re excited to announce the launch of our new Asia-Pacific Division and welcome Michael Chen to lead our efforts there,” Aaron Kirman, founder and president of the Aaron Kirman Group and president of international luxury estates at Compass, said in a statement. “Our alliances in Asia are unmatched, and sales to Asian buyers in the Los Angeles luxury real estate market comprise a sizable percentage of our overall sales. Los Angeles is the gateway to the Pacific Rim and remains a safe haven for investors. Launching this new division allows us to specialize to an even greater degree in this lucrative market.”

Chen, whose company has partnered with publicly traded corporations like HuaYi Brothers and Septwolves, said that he is looking forward to working with Kirman’s team to grow its Asian presence and better serve Asian luxury buyers.

“I’m pleased to be joining Aaron Kirman Group to further their efforts in the Southeast Asian real estate market,” Chen said in a statement. “I look forward to the opportunity to bring my experience and connections to Aaron Kirman Group’s clients.”

Email Veronika Bondarenko

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription