Heitman Expands Portfolio with Acquisition of Three Residential Apartment Buildings in Japan

Heitman LLC (“Heitman”), a global real estate investment management firm, has announced the acquisition of a portfolio of three residential apartment buildings located in the heart of Osaka, Japan. This strategic acquisition marks Heitman’s entry into Osaka’s thriving residential real estate market, expanding its multifamily real estate holdings in the Asia-Pacific region and reaffirming its commitment to regional growth. This marks an expansion of Heitman’s existing rented residential portfolio in Japan; Heitman previously undertook a successful acquisition of eight multifamily assets in the Tokyo market in 2021.

The portfolio encompasses of a total of 257 apartment units strategically located in prime locations across Osaka City. Each of these residential properties in Osaka is conveniently located within a 10-minute walk from JR/Metro stations, further enhancing their appeal and accessibility.

«We have identified Japanese multifamily residential real estate as a compelling addition to our Asia-Pacific portfolio, given the resilient demand drivers and cash flows that typically provide strategic shields against inflation,» said Gordon Black, Senior Managing Director and Portfolio Manager for Heitman Global Real Estate strategies. «Moving forward, as the Japan real estate market continues to exhibit robust potential, we will continue to evaluate opportunities in regional Japanese markets that complement our existing portfolio.»

«This transaction aligns with our acquisition strategy, which prioritizes top-tier properties…»

Tomoo Suzuki, Vice President, Acquisitions, at Heitman, added “This transaction aligns with our acquisition strategy, which prioritizes top-tier properties. Our focus remains on acquiring attractive assets and we maintain a positive outlook on the Japanese real estate market, driven by its liquidity and appealing interest rates.»

Osaka Prefecture, Japan’s second-most-populated urban region after the Greater Tokyo Area, boasts a population of nearly 8.8 million people. Serving as the economic and commercial center of the Kansai region, Osaka benefits from a well-established multifamily housing market that caters to its large population.