Private REIT Business
DREAM US Private REIT* (DUPR)
In 2019, we began operating the first U.S. private REIT (a private REIT under U.S. tax law) as a Japanese real estate management company.
JPY 32.5 billion (as of end of January 2023, 1USD=115JPY)
Residential, logistics, student house etc. (Residential and logistics compose over 80% of total portfolios)
Domestic Investors and Mitsubishi Corporation
Characteristics of DUPR
1. The first U.S. private REIT by a Japanese real estate management company
This is the first private REIT under U.S. tax law formed by a Japanese real estate management company.
2. Pursuit of total returns for investments in U.S. real estate
The fund will invest in the properties that are located in the U.S. major markets where a stable employment and increasing demand for real estate are expected and will generate stable rental income over the long term, with the aim of realizing a total return, including both dividends during the period and increases in property value in long-term, due to rent increases.
3. Stable asset management in collaboration with the subsidiary of Mitsubishi Corporation (Americas)
Diamond Realty Management America Inc., a 100% owned real estate management company of Mitsubishi Corporation (Americas), provides asset management services for properties owned by the fund and property acquisition services for the fund. In addition, the fund aims to achieve stable organic growth and external growth by collaborating with Diamond Realty Investments,Inc., a 100% owned real estate investment company of Mitsubishi Corporation (Americas), as a business partner.