Investors flocking to Japanese multifamily property
Overseas investors are flocking to Japanese housing. As the latest deal shows, there is increasing competition within one of the most sought-after real estate markets in Asia-Pacific.
Japanese multifamily residential properties have come onto the radar for overseas investors searching for attractive investments within Asia-Pacific commercial real estate.
The latest example came on January 20 when Tokyo Multifamily Partnership (TMP) announced the acquisition of seven multifamily assets in Tokyo. TMP is a club vehicle gathering capital from US Teachers Insurance and Annuity Association (TIAA), Dutch pension fund bpfBOUW and local operating partner Kenedix as well…
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