Warburg Pincus Asia Real Estate Fund (WPARE), managed by Warburg Pincus, has acquired the Tokyo Beta portfolio, one of the largest share house portfolios in Japan.
Lone Star Real Estate Fund VI, affiliate of Lone Star Funds, was the seller.
With 1,195 assets and 16,192 rooms, the portfolio accounts for more than half of the share house market in Tokyo, catering to the growing demand for quality and affordable rental housing amid the influx of domestic and international young workforce and students seeking better opportunities in the city.
Tokyo Beta offers a quality, convenient, and affordable rental housing option in Tokyo. The portfolio primarily consists of two-story, wooden-structured detached houses, with shared spaces, such as kitchens and bathrooms. The majority of the properties are strategically located near public transportation, providing easy access to major business hubs and educational institutions in Tokyo.
As one of the largest and most ac
