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Heitman expands multifamily footprint in Japan
Transactions - OCTOBER 3, 2024

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Heitman expands multifamily footprint in Japan

by Kali Persall

Heitman, a global real estate investment management firm with $50 billion in assets under management, has acquired three residential apartment buildings located in the Abeno, Fukushima and Bentencho submarkets of Osaka, Japan. Financial terms were not disclosed.

The apartment communities encompass a total of 257 units located in neighborhoods across Osaka City. Each property is located within a 10-minute walk from Japanese Rail Metro stations, providing access to major employment and entertainment hubs and further enhancing their appeal.

The strategic acquisition was completed on behalf of Heitman’s global core-plus strategy.

“Given the resilient demand drivers and cash flows that typically provide strategic shields against inflation, we continue to find compelling opportunities in the Japanese multifamily real estate space,” said Gordon Black, senior managing director at Heitman and portfolio manager for its global core-plus platform. “As the economic a

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