Nisshin Private Residential Reit, Inc.
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N-stage Akabaneshimo
N-flats Kawasaki Sakuramoto
Nisshin Private Residential Reit, Inc.(NSPR) is an unlisted, open-ended investment corporation whose main sponsor is NISSHIN GROUP HOLDINGS Company, Limited, a mid-sized condominium developer. NSPR invests primarily in rental residential properties. NSPR identifies superior properties located primarily in the Tokyo Metropolitan region, where continued demand for rental housing is expected as a result of future population shifts and smaller households, and seeks to improve the quality of its portfolio by increasing the satisfaction of tenants of its rental residential properties. It conducts operations intended to maximize unitholder value by achieving steady growth of assets under management and stable income over the medium to long term.
Overview
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| Asset Manager | NISSHIN FUDOSAN Investment Advisors, Inc. |
|---|---|
| The Date To Start Operating |
March 23, 2018 |
| Investment Policy | NSPR seeks to maximize unitholder value by achieving steady growth of assets under management and stable income over the medium to long term. |
| Investment Targets | Rental housing (including company housing and student dorms) (investment ratio: 100%) |
| Portfolio Development Policy |
■ Investment target regions - Tokyo metropolitan region(Tokyo, Kanagawa, Saitama, and Chiba): At least 80% - Regional cities (cities with populations of at least 300,000 or cities with a population of at least 200,000 where the sponsor of the asset management company has business operations, etc.): No more than 20% ■ Sponsor-developed new properties(properties that are no more than three years old at the time of acquisition by NSPR): At least 50% |
| Fiscal period | The end of June and December |
Portfolio（As of December 31, 2023）
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| The Number of Properties | 36 properties |
|---|---|
| The Amount of Acquisition Price |
38,336 million yen |
| The Amount of Appraisal Value (Note1) |
41,921 million yen |
| Appraisal NOI Yield (Note2) |
5.1% |
| Ratio in Tokyo Metropolitan Region |
100% |
| Total Leasable Area | 67,754.94㎡ |
| Average Occupancy Rate (Note3) |
97.9% |
| Average Age (Based on Acquisition price) |
9.1years |
| Total Number of Leasable Units |
2,509units |
(Note 1) The total appraisal value as of December 31, 2023.
(Note 2) The value equal to the total amount of NOI based on the direct capitalization method in appraisal reports divided by the total acquisition price.
(Note 3) As of December 31, 2023.
(Note 2) The value equal to the total amount of NOI based on the direct capitalization method in appraisal reports divided by the total acquisition price.
(Note 3) As of December 31, 2023.
Related Press Release
- 2023.12.25 Notice Concerning Additional Acquisition of Assets (investment units of domestic real estate investment corporation)（PDF：454.9KB）
- 2022.12.23 Notice Concerning Additional Acquisition of assets (investment units of domestic real estate investment corporation)（PDF：417.0KB）
- 2022.01.05 Notice Concerning Additional Acquisition of assets (investment units of domestic real estate investment corporation)（PDF：563.0KB）
- 2021.06.23 Notice Concerning Additional Acquisition of assets (investment units of domestic real estate investment corporation)（PDF：759.9KB）
- 2021.04.28 Notice Concerning Acquisition of assets (investment units of domestic real estate investment corporation)（PDF：778.5KB）