Japan's Daido Life targets US real estate

The $64bn Daido Life Insurance Company is eyeing the US real estate and credit markets owing to "opportunities" it said were created by the recent market downturn.

Japanese insurance companies are turning a keen eye on investment opportunities in overseas real estate markets, such as the US.

The $64 billion Daido Life Insurance Company, part of Tokyo-based insurer T&D Holdings, is targeting real estate and securities investments abroad, with a particular focus on the US.

Akio Shinju, Daido general manager of investment planning, told Bloomberg it was also targeting bank and mezzanine loans and other credit securities.

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