Wooed by its compelling stability, Asian investors and fund managers are looking to increase their allocations into Japan’s multi-family real estate sector
Asset owners and fund managers intend to invest more into multi-family real estate across Asia and the US, as more young people forced to rent instead of buying expensive houses.
Regional investors are set to put more money into multifamily sector buildings in 2021 as the asset class gains appeal, in part because of its structural growth prospects, predicts JLL.
Despite Covid’s impact reverberating through the local economy, multi-family properties in Japan have seen growing interest, but competition is driving down entry yields.
The latest multifamily housing investment with California pension fund brings desired diversification to the Korean asset owner’s real estate portfolio, its CIO says.
Japan’s market for apartment buildings is seeing foreigner investors increase both the size and reach of their exposure, rivalling domestic investors.