Integral Real Estate Fund I (“IREF I”), managed by Integral Real Estate Corporation(“IRE”) has completed the closing for 8 residential properties located in major cities in Japan and an office building located in Bunkyo Ward, Tokyo, and signing the sales and purchase agreements (“SPA”) of a hotel located in Hakata Ward, Fukuoka City. With these property closing and SPA execution, the total real estate acquisition value for IREF I is expected to reach approximately 20 billion yen.
All properties for which closing and signing SPA have been executed are in excellent locations with access to convenient transportation. IREF I will maximize property value through multi-dimensional approaches including appropriate value add renovation, improving tenant satisfaction, and actively attracting domestic and international travelers to the hospitality properties.
IREF I will continue to focus on discovering investment opportunities across diverse asset types including residentials, offices, hotels, logistics, retails and R&D centers in the Tokyo metropolitan area and other major cities nationwide with potential growth in Japan.
