It has taken many, many meetings, but we have managed to source over ¥80 billion (US$530 million) in off-market listings to present to clients over this past quarter. Over 80% of those properties are in Tokyo’s 23 wards.
- Multi-family, various buildings totalling 1,000 units
- Hotel
- Office buildings
- Retail buildings
- Several development sites in central Tokyo
- A handful of out-of-town properties
Cap rates on the properties located in Tokyo’s 23 wards are averaging 3.7%.
