Nippon Accommodations Fund Inc | REIT Profile

Symbol: 3226
Exchange: TSE
Founded: 2005 (19 years)
HQ: Tokyo, Japan
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Hotel, Residential

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Nippon Accommodations Fund Inc "NAF" (TSE:3226) shall invest in Real Estate-Related Assets consisting of or backed by real estate (including two or more properties that are developed or utilized as a single property; the same shall apply hereinafter) that is primarily used or may be primarily used as residences. Furthermore, in addition to this, NAF shall invest in Real Estate-Related Assets consisting of or backed by real estate that is primarily used or may be primarily used as hotels. Needs for residence and lodging have been diversifying with ongoing changes in the lifestyles of people, their family structures as well as in their economic and social situations. Amid such changes of social structures and needs, NAF defines real estate that is mainly used/may be used for residence or hotels (excluding for-sale residences) as "Accommodation Assets" and invests in two areas of "Rental Apartments" and "Hospitality Facilities." NAF believes raising satisfaction of customers by responding to the diverse needs and wants of residents and users in regard to space and time of their stay is essential to maximizing the value of Accommodation Assets. NAF aims to secure stable income by managing Accommodation Assets appropriately, encompassing assets from rental apartments where people spend a relatively long time to hotels where people stay for short intervals. "Hospitality facilities" collectively refers to assets in the four categories of dormitories/corporate housing, serviced apartments, senior residences and hotels.