Heitman LLC, a global real estate investment management firm, has announced the acquisition of three residential properties in Osaka, Japan. The assets are located in the Abeno, Fukushima, and Bentencho districts, key submarkets of the city. This acquisition aligns with Heitman’s broader strategy of investing in core-plus real estate assets across the Asia-Pacific region.
According to Gordon Black, Senior Managing Director and Portfolio Manager for Heitman’s global core-plus platform, the Japanese multifamily market presents stable demand and steady cash flows. These characteristics are viewed as strategic advantages in navigating inflationary pressures. He noted that Osaka’s role as the economic hub of the Kansai region makes it an attractive market for multifamily investments.
With this addition, Heitman strengthens its presence in Japan, where it already manages eight multifamily properties in Tokyo. The company sees Osaka’s rental market as well-positioned to meet growing demand, reinforcing its commitment to expanding its residential real estate portfolio in the country.
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By Proptechbuzz
By Ravi Kumar