Secured Capital targets distressed Japanese sellers(2)

The Tokyo-based real estate investment firm is reportedly raising a $1bn fund to take advantage of failing residential property companies. Secured Capital CIO John Paul Toppino says current conditions are similar to the financial crisis of the late 1990s.

Secured Capital Japan is raising a $1 billion real estate fund to buy assets from distressed property companies in Japan, according to a report by Bloomberg.

Secured Capital’s chief investment officer John Paul Toppino said the Tokyo-based investment firm, which raises core-plus and opportunistic private equity real estate vehicles, had already raised half the fund.

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