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Allianz Real Estate acquires 12 assets on behalf of its newly established Japan multifamily residential fund
Transactions - MARCH 30, 2022

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Allianz Real Estate acquires 12 assets on behalf of its newly established Japan multifamily residential fund

by Released

Allianz Real Estate has entered into an agreement to acquire a portfolio of prime multifamily residential assets in Tokyo for approximately $90 million, on behalf of the Allianz Real Estate Asia-Pacific Japan Multi-Family Fund I (AREAP JMF I).

The portfolio consists of 12 newly built assets with more than 280 units in total, offering over 7,500 square meters (807,293 square feet) of net rentable area. All properties are well-located in Tokyo 23 Wards and are on average six minutes from the nearest train station. Additionally, all assets will feature key on-site amenities. The assets will be acquired upon completion and, in line with the strategy of AREAP JMF I, Allianz Real Estate intends to lease-up and stabilize the assets for long-term hold.

Established in December 2021, AREAP JMF I is a closed-end fund primarily focused on investing in newly completed residential assets in Japan’s four major cities of Tokyo, Osaka, Nagoya and Fukuoka. The fund currently has total

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