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Transactions - JANUARY 18, 2022

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AEW acquires multifamily portfolio in Japan

by Andrea Zander

AEW Capital Management has acquired a multifamily portfolio in Greater Tokyo.

The acquisition is a forward purchase of a multifamily portfolio consisting of four newly completed residential buildings, with a total of 177 residential units. One of the assets is located within Tokyo Central 5 Wards; two of them are within Tokyo 23 Wards; and one is in Yokohama, south of Tokyo.

All assets are in affluent areas with strong transport networks to central Tokyo and within a short walking distance to neighborhood amenities. The portfolio primarily features studio and one-bedroom apartments that mainly target young professionals and couples who are migrating to the major cities and seeking convenient locations within the Tokyo CBD.

“Because of Tokyo’s status as an employment and education hub, there is confidence on the return of migration patterns to larger cities once movement is less restricted. As the expected migration patterns resume, we believe the recovery in

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