When Japanese real estate investment trusts, commonly referred to as J-REITs, were first listed on the Tokyo Stock Exchange in late 2001, they provided a convenient investment vehicle for many domestic institutions and individuals who wanted to diversify into real estate. Four years, ¥2 trillion and an annualized return more than five times the Tokyo stock market later, J-REITs are now opening up opportunities for a whole new set of investors: private equity real estate firms.
Last exit to Tokyo
Will J-REITs be viable acquirers of opportunity fund assets?
