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Mitsubishi targets Chicago and Dallas for first U.S.-focused REIT
Investors - NOVEMBER 19, 2019

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Mitsubishi targets Chicago and Dallas for first U.S.-focused REIT

by Andrea Zander

Mitsubishi Corp. plans to start a REIT in the U.S. targeting urban rental housing and suburban logistics centers, aiming for $1.5 billion in assets within five years, reported Nikkei Asian Review.

The portfolio will include a 25-story condominium in central Chicago spanning 320 units, as well as a six-story, 340-unit condo in downtown Dallas.

The REIT's investments in urban residential buildings will focus on those for dual-income, middle-class families, promising a steady flow of rent income.

Mitsubishi also looks to acquire distribution centers poised to benefit from the expanding e-commerce market.

 

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