Mori Hills REIT Investment Corp | REIT Profile

Symbol: 3234
Exchange: TSE
Founded: 2006 (18 years)
HQ: Tokyo, Japan
Type of REIT: Equity REIT
REIT Sector: Office, Residential, Retail

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MHR seeks to maintain the exceptional level of quality of its portfolio while aggressively expanding. To that end, MHR has established a high standard for "Premium Properties" which are to comprise at least 50% of the portfolio. Premium properties = Located mainly in the central five wards of Tokyo (especially Minato-ku) + Large scale + High-grade specifications. MHR aims to further enhance the profitability and asset value of its portfolio through growth created by making targeted investment in the City, while paying close attention to the competitiveness of the City concentrating on central Tokyo, and on the portfolio's ability to create value. City in MHR's definition is not merely a geographic location with an aggregation of buildings, but a space with multiple uses, such as for work, residence, recreation, rest and study that integrates various economic and cultural activities of the people that gather there. MHR believes that the provision of all urban elements will result in people, products and information concentrating and merging to generate new business models and lifestyles. MHR recognizes its Sponsor, the Mori Building Group, (Mori Building Co., Ltd. being its core company), as being uniquely positioned to realize investments in the City. By optimally utilizing the comprehensive strengths of the Mori Building Group, which has completed successive large-scale redevelopments in central Tokyo, MHR aims to acquire scarce, premium properties and to enhance the asset value of its portfolio. MHR has entitled select projects with the Hills designation -- such as Roppongi Hills, ARK Hills, Omotesando Hills and Toranomon Hills, which are creative, large-scale redevelopments assembled, constructed, and managed over a long period of time by the Mori Building Group. Hills represents a brand for large-scale projects that have created compact cities, combining office and residential spaces and that embody the Mori Building Group's ideas for urban development with safety and security, environment and greenery and culture and art as keywords.