Heitman acquires prime Tokyo multifamily portfolio

Heitman has acquired a portfolio of eight multifamily assets, located across Tokyo’s prime residential submarkets. Heitman acquired the portfolio in connection with its global investment strategy.

The portfolio consists of newly completed and soon to be completed residential assets with nearby access to metro and rail stations, which are within a 10-minute walk from each property. Five properties are recently completed and in active lease-up, with three properties under development and scheduled for completion by year-end. The portfolio encompasses 329 units that are adaptive to market demand trends, with a majority focus on the studio format to better serve the growing segment of young professionals in Tokyo seeking convenience and amenities in the city.

The acquisition extends Heitman’s global living sectors into the Japanese market.

“We are pleased to acquire this high-quality and well-located Tokyo multifamily portfolio,” said Brad Fu, Heitman head o