PATRIZIA, an investment manager in real assets, has acquired a high-quality residential portfolio located mostly in Tokyo on behalf of a global institutional investor, reinforcing the company’s strategic commitment to Japan’s resilient residential sector and strengthening its local investment platform.
The portfolio comprises 14 residential assets, including approximately 800 apartment units and five retail units, predominantly located in Tokyo’s highly sought-after Central 23 Wards, with one asset situated in Greater Tokyo (Yokohama, Kanagawa). With an average building age of just over three years and an occupancy rate above 97 percent, the portfolio offers strong income stability and immediate cash flow.
This acquisition is aligned with the fund’s core-plus strategy, which targets residential assets in major urban centers that offer both income stability and potential for value enhancement. Japan’s residential sector continues to show long-term resilience,
