Portfolio Data

Snapshot

As of April 23, 2021

Number of acquired properties
28properties
Total acquisition price
51.9billion yen
Total appraisal value
57.0billion yen
Occupancy rate
99.5%
Appraisal NOI yield before depreciation
5.1%
Appraisal NOI yield after depreciation
4.6%
Remaining lease term
10.2years
  • Occupancy rate refers to the occupancy rate of the total leasable area of all assets under management on March 31, 2021 rounded off to one decimal place.
  • Appraisal NOI yield before depreciation is net operating income used in the DCF analysis in the appraisal report divided by the acquisition price (appraisal date: January 31, 2021).
    Appraisal NOI yield after depreciation is net operating income after depreciation used in the DCF analysis in the appraisal report divided by the acquisition price (appraisal date: January 31,2021).
    These figures are rounded off to one decimal place.
  • Remaining lease term is the average remaining lease term of all leasable space as at March 31, 2021.
    This figure is rounded off to one decimal place.

Portfolio Diversification

As of April 23, 2021

Asset type
(acquisition price basis)

Remaining lease term
(acquisition price basis)

Sourcing channel
(acquisition price basis)

Geographic areas
(acquisition price basis)

Leasehold land tenants
(based on number of tenants)

Percentage of sponsor-developed properties (acquisition price basis)

  • Sourced through bridge fund refers to assets that were either warehoused on another balance sheet or purchased from a bridge fund.
  • Sponsor-developed properties refer to land or buildings purchased by the sponsor either directly or through TK equity, and has either converted the land into leasehold land or has constructed a building and found a tenant for it.
  • Sponsor rebranded properties refers to properties that were purchased and subsequently renovated into commercial facilities that are consistent with the sponsor’s branding concept. Property renovations include construction costs (in excess of 10 million yen), lease-up with new tenants, and changing the name of the facility.
  • Leasehold lands consist of 23 tenants including 2 tenants in Asumigaoka Brand-New Mall.
  • Remaining lease term is the average remaining lease term of all leasable space as at March 31, 2021.
    This figure is rounded off to one decimal place.

Trends in Asset Size

As of March 12, 2021

(million yen)
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