Japan Rental Housing Investments Inc. | REIT Profile

Symbol: 8986
Exchange: TSE
Founded: 2005 (19 years)
HQ: Tokyo, Japan
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Residential

See 8986 on Yahoo Finance

Japan Rental Housing Investments Inc. ("JRH") specialized in rental apartments was listed on the Tokyo Stock Exchange (Securities Code: 8986) in June 2006 and acquired Prospect REIT Investment Corporation in July 2010. JRH has a diversified portfolio in the greater Tokyo area and other major cities across Japan (Sapporo, Sendai, Nagoya, Osaka, Fukuoka and such). JRH has entrusted its asset management to Mi-Casa Asset Management Inc. ("Mi-Casa") under the asset management agreement., Mi-Casa has realized improvement in dividend distributions through acquisitions of new properties and dispositions of existing properties, reinforcement of operations (such as achieving high occupancy rates) and various cost-reduction initiatives. Daiwa Securities Group Inc. acquired additional 68.1% shares of Mi-Casa (total 98.1% after the acquisition) in December 2015 and became a new sponsor of JRH. At the same time, Mi-Casa executed a support agreement with Daiwa Securities Group Inc. to support a sustainable growth of JRH. Going forward, JRH will remain focused on maximizing unitholders' benefits and I sincerely ask for your support to JRH.