Multifamily Portfolio |
Tokyo & Yokohama, Japan
The successful off-market acquisition of 127 homes across two multifamily buildings in core residential areas of Tokyo and Yokohama on a forward commitment basis.
Facts & Figures
Living
Core
Under management
Tokyo & Yokohama
9,000+ sqm
lettable area
2
apartment buildings
127
units
2 years
WAULT (auto-rolling)*
Weighted average unexpired lease term
About the asset
- In 2023 we successfully contracted two multifamily buildings in core residential areas of Tokyo and Yokohama on a forward commit basis. Both cities display strong demand drivers for family-oriented residential real estate.
- The assets – built by a major developer – incorporate high-specification sustainability features including water-efficient toilets, LED lighting, energy-efficient HVAC systems and smart-meters.
- The assets were acquired off-market from a repeat seller at a discounted price with no brokerage fees, one of the targeted acquisition approaches of our Japan multifamily strategy.
- The asset management initiatives are focused on achieving rapid asset stabilisation and optimising headline rents, while also maintaining and improving the sustainability profile of the assets.
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