KKR has plans to acquire all of the outstanding shares of Mitsubishi Corp.-UBS Realty (MC-UBSR), a Japanese real estate asset manager, from Mitsubishi Corp. and UBS Asset Management (UBS-AM) in an all-cash transaction valued at JPY 230 billion ($2 billion).
MC-UBSR is one of the largest real estate asset managers in Japan. Founded in 2000 as a joint venture between Mitsubishi and UBS-AM, MC-UBSR is a pioneer in the Japanese real estate investment trust (J-REIT) segment. Today, it is one of the largest real estate asset managers in Japan with JPY 1.7 trillion ($15 billion) in assets under management. The business has approximately 170 dedicated professionals managing two Tokyo Stock Exchange-listed REITs: Japan Metropolitan Fund Investment Corp. (JMF) and Industrial & Infrastructure Fund Investment Corp. (IIF).
JMF, with approximately JPY 1.3 trillion ($11 billion) in assets under management as of Aug. 31, 2021, invests in retail, offices, hotels and
