Integral Real Estate Fund I (“IREF I”), managed by Integral Real Estate Corporation(“IRE”) has completed the acquisition of five residential properties located in Shibuya-ward in Tokyo, Nishi-ward Osaka City and Hakata-ward Fukuoka City, from multiple sellers.
With these acquisitions, the total real estate acquisition value for IREF I exceeds 30 billion yen.
The newly acquired properties are all located in highly convenient areas of major cities, each possessing their own underlying potential. The property in Shibuya-ward, Tokyo, is a recently built rental residence located in a quiet, high-end residential area. The four properties in Osaka and Fukuoka are rental residences with excellent access to commercial and business districts.
Following the acquisition, IRE plans to further enhance the properties’ appeal through renovations of entrances, common areas, and each residential unit, aiming to carefully manage and operate the properties in light of market trends.
IREF I will continue to focus on discovering and creating investment opportunities across multiple asset types including residential, office, hotel, logistics, and retail assets, strategically expanding our investments in the Tokyo metropolitan area and other potential high-growth major cities in Japan.
