Diamond Realty Management Inc. (“DREAM”), a 100% subsidiary of Mitsubishi Corporation (“MC”) today announced it has launched a development fund in the US “DREAM US Fund”. The launch of the　”DREAM US Fund” represents the first outbound overseas fund raising offered to Japanese domestic investors by DREAM.  DREAM will robustly pursue to launch the crossborder transactions, including making this “DREAM US Fund” in to the fund series.  Being a member of MC Group enables DREAM to be the competent global and local asset manager in Japan and globally.

The “DREAM US Fund”(The “Fund”) will co-invest (less than 49% interests) in multi-family and logistics development projects in the US which have been undertaken by the DREAM’s sister company, Diamond Realty Investment Inc. (“DRI”), US based real estate investment company.
DRI is a 100% subsidiary of MC Americas. DREAM will act as an asset manager for the Fund.

With total equity commitment of USD 51 million from Japanese institutions, the Fund will invest in three development projects.
The Fund has a life of 4 years and plans to exit through third party sale of the properties after the three development projects’ completions and lease-up reaching stabilized occupancy level.
Total cost of the Projects is approximately USD 250 million which consist with two multi-family developments (located in Texas and Colorado) and one logistics development (located in California).

DREAM plans other multiple overseas initiatives including series of the Fund. DREAM will continue to leverage MC group’s global network and local expertise and offer diverse high quality products to its investors.

(Reference)
1.　Mitsubishi Corporation
（1）Head Office: 3-1, Marunouchi 2-Chome, Chiyoda-ku, Tokyo, Japan
（2）Businesses: MC is a global integrated business enterprise that develops and operates business across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. MC’s current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods.
（3）Representative: Takehiko Kakiuchi, President and Chief Executive Officer
（4）Date Established: 1950
（5）Number of Employees: 68,247 (consolidated basis, as of March 31, 2016)

2.　Diamond Realty Investments Inc.
（1）Head Office: 5215N. O’Connor Boulevard, Suite 670, Irving, TX 75039 USA
（2）Representative: Zack Zaizen (seconded from Mitsubishi Corp.)
（3）Date of Establishment: 1994
（4）Number of Employee: 24 (as of March 31, 2016)

[About Diamond Realty Management Inc.]
Diamond Realty Management Inc.
・Head Office: 16-1, Hirakawacho 2-Chome, Chiyoda-ku, Tokyo, Japan
・Businesses: Real estate asset management business/advisory services
・Representative: Takashi Tsuji, President and Chief Executive Officer
・Date Established: 2004
・Number of Employees: 70 (as of March 31, 2017)

【For Comments or Inquiries on this Press Release:】
Communications and Investor Relations:
Diamond Realty Management Inc.
Administration Division
TEL：+81-3-5212-3717
Fax: +81-4212-4818

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