Acquisition of Rental Properties and Sale to a REIT
First written in FY2016. 2 of 7 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2023.
2 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「As a basic policy, the Company will continue investing at a pace of ¥30–50 billion per fiscal year, actively promote the development of rental residences and office buildings and seek to optimize its asset portfolio.」
The Company continues its policy of investing ¥30–50 billion per fiscal year in rental residence and office building development. It also continues to disclose procedures for verifying prices through appraisal reports and internal approvals when selling assets to REITs. - FY2022Sale price verification procedures specifiedAnnual report
「When selling assets to Takara Leben Real Estate Investment Corporation, the Company obtains a real estate appraisal report, examines the range of reasonable transaction prices and obtains the necessary internal approvals.」
In addition to its policy of continuing to invest ¥30–50 billion per fiscal year, the Company specified procedures for verifying prices on asset sales to REITs using appraisal reports and internal approvals. - FY2021Investment pace specifiedAnnual report
「As a basic policy, the Company will continue investing at a pace of ¥30–50 billion per fiscal year, actively promote the development of rental residences and seek to optimize its asset portfolio.」
In the real estate securitization business, the Company specified an annual investment pace of ¥30–50 billion in rental residence development and set out its goal of optimizing its asset portfolio. - FY2020AdvancedAnnual report
「In the securitization business, real estate sales to Takara Leben Real Estate Investment Corporation amounted to ¥10,755 million.」
The Company sold real estate to Takara Leben Real Estate Investment Corporation, demonstrating a track record of continuously operating the investment recovery cycle. - FY2019AchievedAnnual report
「The Company also established an investment and recovery cycle in its securitization business, including by listing Takara Leben Real Estate Investment Corporation.」
The Company cited the July 2018 listing of Takara Leben Real Estate Investment Corporation and the establishment of an investment and recovery cycle as completed achievements. - FY2019-Q1AdvancedAnnual report
「On 13 June 2018, the Group entered into a sale and purchase agreement with Takara Leben Real Estate Investment Corporation for the transfer of rental real estate it held, and completed the transfer on 30 July 2018.」
The Company transferred four rental properties to Takara Leben Real Estate Investment Corporation for a total of ¥6,223 million. It positions business development through the investment corporation as an important strategy for establishing stable revenue and improving asset efficiency. - FY2016First statedAnnual report
「The Company will actively pursue the acquisition of older properties and other properties near railway stations. It will redevelop acquired properties through scrap-and-build projects, sell them as condominiums targeting active seniors in the Tokyo metropolitan area, or seek to sell them to REITs as new rental properties.」
Combine the acquisition and redevelopment of rental properties with sales as condominiums or sales to REITs.