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Tosei ( (JP:8923) ) has issued an announcement.
Tosei’s asset management arm Tosei Asset Advisors will launch a tender offer to acquire investment units of J-REIT SANKEI REAL ESTATE, Inc. via investment vehicles backed by TAA-managed funds, with Tosei also making a partial investment in the fund. After extensive due diligence and discussions with SANKEI REAL ESTATE and its asset manager, TAA concluded that privatizing the REIT—whose units have long traded below net asset value and face market-driven constraints on value-enhancing capex—offers a more effective route than buying individual properties to gain control of its office- and hotel-focused portfolio and implement measures to fully realize the assets’ intrinsic value, supporting Tosei’s broader strategy of real estate revitalization and sustainable market growth.
More about Tosei
Tosei Corporation is a Tokyo-based real estate group active across six businesses: Real Estate Revitalization, Development, Rental, Fund and Consulting, Property Management, and Hotels. Through its wholly owned subsidiary Tosei Asset Advisors (TAA), it provides real estate fund management, asset management and CRE advisory services to domestic and overseas investors, managing more than ¥2.4 trillion in private fund assets and focusing on unlocking value in underutilized or undervalued properties for sustainable market development.
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