Tosei Reit Investment Corp | REIT Profile

Symbol: 3451
Exchange: TSE
Founded: 2014 (10 years)
HQ: Tokyo, Japan
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Office, Retail, Residential

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Tosei Reit Investment Corporation ("Tosei Reit") was listed on the Real Estate Investment Trust Securities Market of the Tokyo Stock Exchange on November 27, 2014 as a diversified J-REIT holding a total of over JPY17.4 billion assets, or 12 properties which consist of office buildings, retail facilities and residential properties. Tosei Reit invests in properties in which relatively high yield can be expected by positioning small- and medium-scale offices, retail facilities, residential properties and hotels as major marketable real estate properties and considering such real estate in the Tokyo metropolitan area as investment targets among the vast existing building stock of Japan's real estate market. We assess the potential of real estate in which we invest as rental properties such as through looking at yield levels and income stability, while also investing and managing with an eye on the possibility of value enhancement, and aim to pursue maintenance and improvement of the asset value of Tosei Reit over the medium to long term as well as maximization of unitholder value by utilizing the abundant experience of Tosei Asset Advisors, Inc., the Asset Management Company, in the management of private funds, in addition to the strengths (good judgement, leasing capability and revitalization capability) of Tosei Corporation, the sponsor. Since listed, we have proactively promoted growth utilizing the pipeline of Tosei Corporation and steadily accumulated a track record. As for major marketable real estate properties in the Tokyo metropolitan area, competition for acquiring properties with high competitiveness and potential as rental properties intensifies gradually by the year. Meanwhile, we have conducted capital increase through public offering for three consecutive years while continuously acquiring properties in which relatively high yield can be expected through careful selection even under such a competitive market environment. Furthermore, in addition to external growth, we are steadily increasing profits based on actual results, centering on properties that had room for improvement in occupancy rate and tenant replacement at the time of their acquisition, and are also making efforts to improve the profitability of total assets under management.