Diamond Realty Management Inc.

History of
DREAM

By unfolding the past, you can see our present aspect.
We introduce our history.

FY2004-FY2010

Incorporation of Diamond Realty Management Inc. (DREAM)
started with operation of
retail properties and logistics properties.

FY2004

AUM(JPY) 7.9 billion
  • Commenced operation of retail property fund

FY2005

AUM(JPY) 33.9 billion
  • Commenced operation of residential property fund

FY2006

AUM(JPY) 90.2 billion
  • Commenced operation of second retail property fund

FY2007

AUM(JPY) 176.4 billion

FY2008

AUM(JPY) 212.3 billion

FY2009

AUM(JPY) 247 billion
  • Commenced operation of logistics property fund

FY2010

AUM(JPY) 313.9 billion
  • Commenced operation of office property fund
  • Commenced operation of data center property fund

FY2011-FY2015

Commencement of operation of
domestic mezzanine funds and
domestic private REIT

FY2011

AUM(JPY) 399.8 billion
  • Commenced operation of mezzanine debt fund

FY2012

AUM(JPY) 543 billion
  • Commenced operation of second logistics property fund
  • Commenced operation of private REIT (DREAM Private REIT Inc. (DPR))
  • Commenced operation of third logistics property fund

FY2013

AUM(JPY) 401.2 billion
  • Commenced operation of fourth logistics property fund
  • Commenced operation of second mezzanine debt fund
  • Commenced operation of second data center property fund

FY2014

AUM(JPY) 385.9 billion
  • Commenced operation of land lease fund
  • Commenced operation of third mezzanine debt fund
  • Commenced operation of logistics property investment program for overseas investors

FY2015

AUM(JPY) 382.2 billion
  • Commenced operation of fourth mezzanine debt fund

FY2016-FY2019

Commencement of operations in the U.S. and second domestic private REIT

FY2016

AUM(JPY) 432.2 billion
  • Commenced operation of fifth mezzanine debt fund
  • Commenced operation of third retail property fund
  • Commenced operation of fourth retail Property fund
  • Commenced operation of fifth retail property fund
  • Commenced operation of development fund in the U.S.
  • Set up ESG Committee

FY2017

AUM(JPY) 503.8 billion
  • Commenced operation of second development fund in the U.S.
  • Commenced operation of third data center property fund
  • Commenced operation of hotel property fund
  • Commenced operation of U.S. mezzanine debt fund
  • Commenced operation of sixth mezzanine debt fund
  • Support for the PRI (Principles for Responsible Investment)

FY2018

AUM(JPY) 594.5 billion
  • Commenced operation of third development fund in the U.S.
  • Commenced operation of a residential property investment program for overseas investors
  • DPR received Green Star, 3 Stars from GRESB (relative evaluation)

FY2019

AUM(JPY) 689.1 billion
  • Commenced operation of sixth logistics property fund
  • Commenced operation of U.S. build-to-core fund
  • Commenced operation of seventh logistics property fund
  • Commencement operation of a U.S. preferred equity fund
  • Commenced operation of U.S. private REIT for domestic investors (DREAM US Private REIT (Note))
  • Commenced operation of seventh mezzanine debt fund
  • Commenced operation of private REIT (DREAM Hospitality REIT Inc. (DHR))
  • DPR received Green Star, 4 Stars from GRESB (relative evaluation)
  • DPR became the first Japanese private REIT to procure green loans

FY2020

AUM(JPY) 744 billion
  • Commenced operation of fourth data center property fund
  • ESG Committee reorganized as Sustainability Committee
  • DPR received Green Star, 4 Stars from GRESB (relative evaluation),
    was selected for Asia Sector Leader in 2020 (Diversified, Non-listed)
  • Commenced operation of US Development Separate Investment Account

FY2021

AUM(JPY) 797.6 billion
  • DPR received Green Star, 4 Stars from GRESB (relative evaluation), was selected for Asia Sector Leader in 2021 (Diversified, Non-listed) ,for the second time
  • Commenced operation of forth development fund in the U.S.
  • Commenced operation of eighth mezzanine debt fund
  • Support for the TCFD (Task Force on Climate-Related Financial Disclosures)
  • Support for the United Nations Global Compact (UNGC)

FY2022

AUM(JPY) 908.2 billion
  • DPR received Green Star, 5 Stars from GRESB (relative evaluation)
  • Commenced operation of third U.S. mezzanine debt fund
  • Commenced operation of Logistics Facility Development Fund
  • Commenced operation of fifth development fund in the U.S.

FY2023

AUM(JPY) 973.4 billion
  • DPR received Green Star, 5 Stars from GRESB (relative evaluation)
  • DPR signed Long-term fixed price Virtual PPA for environmental value extracted from photovoltaic supply
  • Launched and operated a fund using real estate security tokuns
  • Commenced operation of ninth mezzanine debt fund
  • Donations made through the corporate version of Furusato Tax Payment in accordance with our Sustainability Policy

Toward 2030…

As a pioneer in the real estate investment management business,
we will persistently contribute to the conservation of the global environment
as well as the sustainable development of the economy and society by addressing
the potential needs of our stakeholders amid changing circumstances

AUM (Assets Under Management): Including assets for which DREAM serves as the Sub-AM.
FY2017 AUM: Including assets managed by an affiliated company through JV-Co.
From FY2018 AUM: Including assets for which our company re-consigns only part of the investor support business for the overseas funds
For the assets in the US, 1USD = 100JPY（～FY2017）/ 1USD=110JPY（FY2018～FY2020）/ 1USD=105JPY（FY2021）/ 1USD=115JPY（FY2022）/ 1USD=130JPY（FY2023）
In the case that a fund managed by our company invests in another fund managed by our company, the Assets Under Management of both funds are included.

(Note) “DREAM US PRIVATE REIT” refers to the combined structure of DRM US Core REIT, LLC, a qualified real estate investment trust for US tax purpose, and upper-tier feeder funds managed by us, formed to invest in a diversified portfolio of US commercial real estate.