Blance Shibaura
Geographical Region | Central 5 Wards, Tokyo |
Type of Investment | Residential |
Status | Divested |
TE Capital Partners, acting on behalf of its TE Japan Income Partners Series, made its first foray into multifamily sector in Japan, acquiring a portfolio of prime multifamily residential assets for USD$ 50 million in Central Tokyo. Being the third largest multifamily real estate market globally, Japan multifamily has demonstrated income stability amidst the COVID19 pandemic and geopolitical tensions.
All assets are located on average within 8 minutes on foot from a train station, with portfolio occupancy standing at around 94% as of December 2022. The portfolio provides investors with the opportunity to tap into strong fundamentals and growth, adding resilience to their portfolios during periods of uncertainties.
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