Heitman LLC (“Heitman”), a global real estate investment management firm, has completed the acquisition of three residential apartment buildings located in the Abeno, Fukushima and Bentencho submarkets of Osaka, Japan. This strategic acquisition, completed in furtherance of Heitman’s global core plus focused strategy, adds to Heitman’s presence in the Asia-Pacific multifamily market and reconfirms the company’s commitment to growth in the region.
The apartment communities encompass a total of 257 units located in neighborhoods across Osaka City. Each property is located within a 10-minute walk from Japanese Rail Metro stations, providing access to major employment and entertainment hubs and further enhancing their appeal.
“Given the resilient demand drivers and cash flows that typically provide strategic shields against inflation, we continue to find compelling opportunity in the Japanese multifamily real estate space” said Gordon Black, Senior Managing Director at Heitman and Portfolio Manager for its global core plus platform. “As the economic and commercial center of the Kansai region, we believe Osaka’s economy and rental demand align well with our strategy to pursue multifamily opportunities in key regional markets.”
The portfolio acquisition adds to Heitman’s existing rented residential portfolio in Japan. Heitman currently owns eight multifamily assets in the Tokyo market.
