Samty sells two investment pools of Japan multifamily assets worth JPY49 bil

S-RESIDENCE Takaido EAST, one of Samty Holdings' rental properties in Tokyo (Photo: Samty Holdings Website)
S-RESIDENCE Takaido EAST, one of Samty Holdings' rental properties in Tokyo (Photo: Samty Holdings Website)
Japanese developer Samty Holdings has announced the sale of two investment pools of multifamily assets developed and owned by the firm. In a Sept 2 release, Samty says the assets were sold to international sovereign wealth funds. Samty will remain as the lead asset manager of both investment pools.
The investment pools encompass 30 newly-built multifamily assets with a gross asset value of JPY49 billion ($0.43 billion), with 70% located in Tokyo, Osaka and other major cities within Japan.
The first investment pool consists of eight assets that will be managed solely by Samty, while the remaining 22 assets will be co-managed by Samty and Japan real estate investment management firm Alyssa Partners.
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The deal marks the latest milestone for Samty since its privatisation. In January, global investment firm Hillhouse Investment Management, together with its real asset investment arm, Rava Partners, completed the buyout of Samty, which had been listed on the Tokyo Stock Exchange.
Hillhouse owns Samty alongside Daiwa Securities, Samty’s previously largest shareholder, which retained its shares in the company pursuant to the buyout.
In July, Samty announced the closing of its first hotel-focused private real estate fund, with equity totalling JPY17 billion.
According to Yasuhiro Ogawa, president and CEO of Samty Holdings, the sale of the two investment pools reflects investors’ recognition of opportunities arising from the firm's transformation into an investment platform.
Joe Gagnon, the co-head at Rava Partners, adds that Samty is tapping into robust investor demand for Japanese multifamily assets, while also proving its ability to scale in the accommodation sector. “Following the recent close of their hotel-specific fund, this latest news means that we have cumulatively raised more than JPY100 billion in a short time span,” he says.
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