Japan Metropolitan Fund Investment Corporation (JMF) is acquiring the trust beneficiary rights to four rental apartment buildings in Tokyo for 9.5 billion Yen (approx. US$63 million), with an appraised net yield averaging 3.7%.
The properties are located in Setagaya, Itabashi and Taito wards, and contain a total of 219 units. Two buildings are located in Taito ward where the resident population is expected to grow by 11.3% between 2020 and 2045, according to the National Institute of Population and Social Security Research.
Source: Japan Metropolitan Fund Investment Corporation News Release, February 7, 2024.
