{"id":60,"date":"2024-09-10T19:09:18","date_gmt":"2024-09-10T10:09:18","guid":{"rendered":"https:\/\/www.mc-dream.com\/wp\/english\/?page_id=60"},"modified":"2024-11-18T16:07:45","modified_gmt":"2024-11-18T07:07:45","slug":"us-business","status":"publish","type":"page","link":"https:\/\/www.mc-dream.com\/english\/business\/us-business\/","title":{"rendered":"Business in the U.S.A."},"content":{"rendered":"<div class=\"l-template__body\">\n              [func]inside_nav_set[\/func]<\/p>\n<div class=\"l-template__layer-wrapper l-template__layer-wrapper--second\">\n<section id=\"[func]section_href_set,0[\/func]\" class=\"l-template__layer l-template__layer--second\">\n<div class=\"l-template__layer-inner l-template__layer-inner--second\">\n<div class=\"l-template__layer-head\">\n<h2 class=\"l-template__layer-head-ttl\">Closed-End Fund Business<\/h2>\n<\/p><\/div>\n<div class=\"l-template__layer-body\">\n<div class=\"c-module-txt\">\n<p class=\"c-module-txt__inner js-txtJustify\">Through our U.S. closed-end fund business, which we started in 2017, we leverage the Mitsubishi Corporation Group\u2019s knowledge and experience in the U.S. real estate development business, to provide opportunities to domestic investors to invest in real estate in the U.S.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"l-template__layer-wrapper l-template__layer-wrapper--third\">\n<section class=\"l-template__layer l-template__layer--third\">\n<div class=\"l-template__layer-inner l-template__layer-inner--third\">\n<div class=\"l-template__layer-head\">\n<h3 class=\"l-template__layer-head-ttl\">Leading track record<\/h3>\n<\/p><\/div>\n<div class=\"l-template__layer-body\">\n<div class=\"c-module-dl\">\n<dl class=\"c-module-dl__items\">\n<div class=\"c-module-dl__item\">\n<dt class=\"c-module-dl__ttl\">Investment target<\/dt>\n<dd class=\"c-module-dl__desc js-txtJustify\">\n<p class=\"c-module-dl__desc-txt\">Residential, logistics, and student house etc.<\/p>\n<\/dd><\/div>\n<div class=\"c-module-dl__item\">\n<dt class=\"c-module-dl__ttl\">Investment Strategy<\/dt>\n<dd class=\"c-module-dl__desc js-txtJustify\">\n<p class=\"c-module-dl__desc-txt\">Development, Build to Core<sup>*<\/sup>and others<\/p>\n<p>                                  <small class=\"c-module-dl__desc-note c-note\">*The fund aims to possess high-quality operating properties that achieve relatively high profitability compared to the case of acquiring the property after completion, by acquiring the target property from the development stage and holding it as an income-producing property for a certain period of time after completion of construction, at a cost close to the development cost.<\/small>\n                                <\/dd>\n<\/p><\/div>\n<div class=\"c-module-dl__item\">\n<dt class=\"c-module-dl__ttl\">Fund Type<\/dt>\n<dd class=\"c-module-dl__desc js-txtJustify\">\n<p class=\"c-module-dl__desc-txt\">Commingled Fund, Separate Account<\/p>\n<\/dd><\/div>\n<div class=\"c-module-dl__item\">\n<dt class=\"c-module-dl__ttl\">Major Investors<\/dt>\n<dd class=\"c-module-dl__desc js-txtJustify\">\n<p class=\"c-module-dl__desc-txt\">Financial institutions, Non-financial Organizations etc.<\/p>\n<\/dd><\/div>\n<\/dl><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section><\/div>\n<\/section>\n<section id=\"[func]section_href_set,1[\/func]\" class=\"l-template__layer l-template__layer--second\">\n<div class=\"l-template__layer-inner l-template__layer-inner--second\">\n<div class=\"l-template__layer-head\">\n<h2 class=\"l-template__layer-head-ttl\">Mezzanine Debt Fund Business<\/h2>\n<\/p><\/div>\n<div class=\"l-template__layer-body\">\n<div class=\"c-module-txt\">\n<p class=\"c-module-txt__inner js-txtJustify\">In 2018, we started a Mezzanine Debt Fund business in the U.S. utilizing the Mitsubishi Corporation Group\u2019s knowledge and experience in the U.S. real estate development business, and the track record of our domestic Mezzanine Debt Fund business as well. Mezzanine debt, which are generally middle-risk, middle-return investments as compared to equity investments, may become one of the entry points when domestic investors start investing in U.S. real estate.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"l-template__layer-wrapper l-template__layer-wrapper--third\">\n<section class=\"l-template__layer l-template__layer--third\">\n<div class=\"l-template__layer-inner l-template__layer-inner--third\">\n<div class=\"l-template__layer-head\">\n<h3 class=\"l-template__layer-head-ttl\">Leading track record<\/h3>\n<\/p><\/div>\n<div class=\"l-template__layer-body\">\n<div class=\"c-module-dl\">\n<dl class=\"c-module-dl__items\">\n<div class=\"c-module-dl__item\">\n<dt class=\"c-module-dl__ttl\">Investments target<\/dt>\n<dd class=\"c-module-dl__desc js-txtJustify\">\n<p class=\"c-module-dl__desc-txt\">U.S. mezzanine debt, U.S. preferred equity investments<\/p>\n<\/dd><\/div>\n<div class=\"c-module-dl__item\">\n<dt class=\"c-module-dl__ttl\">Collateralized asset<\/dt>\n<dd class=\"c-module-dl__desc js-txtJustify\">\n<p class=\"c-module-dl__desc-txt\">Residential, retail, office, student house, logistics, complex and development<\/p>\n<\/dd><\/div>\n<div class=\"c-module-dl__item\">\n<dt class=\"c-module-dl__ttl\">Fund Type\n                                <\/dt>\n<dd class=\"c-module-dl__desc js-txtJustify\">\n<p class=\"c-module-dl__desc-txt\">Commingled Fund, Separate Account<\/p>\n<\/dd><\/div>\n<div class=\"c-module-dl__item\">\n<dt class=\"c-module-dl__ttl\">Major Investors<\/dt>\n<dd class=\"c-module-dl__desc js-txtJustify\">\n<p class=\"c-module-dl__desc-txt\">Financial institutions, Non-financial Organizations and Mitsubishi Corporation<\/p>\n<\/dd><\/div>\n<\/dl><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section><\/div>\n<\/section>\n<section id=\"[func]section_href_set,2[\/func]\" class=\"l-template__layer l-template__layer--second\">\n<div class=\"l-template__layer-inner l-template__layer-inner--second\">\n<div class=\"l-template__layer-head\">\n<h2 class=\"l-template__layer-head-ttl\">Private REIT Business<\/h2>\n<\/p><\/div>\n<div class=\"l-template__layer-body\">\n<div class=\"c-module-txt\">\n<p class=\"c-module-txt__inner js-txtJustify\">\n                          <strong>DREAM US Private REIT<sup>*<\/sup>(DUPR)<\/strong><br \/>\n                          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.\n                        <\/p>\n<\/p><\/div>\n<p>                      <small class=\"c-note p-us-business__reit-note\">* \u201cDREAM US Private REIT\u201d refers collectively to DRM US Core REIT, LLC (a private fund structured with the intent of investment in a variety of commercial real estate in the United States, a REIT for U.S. tax purposes) and feeder funds to which we serve as a fund manager.<\/small>\n                    <\/div>\n<\/p><\/div>\n<div class=\"l-template__layer-wrapper l-template__layer-wrapper--third\">\n<section class=\"l-template__layer l-template__layer--third\">\n<div class=\"l-template__layer-inner l-template__layer-inner--third\">\n<div class=\"l-template__layer-head\">\n<h3 class=\"l-template__layer-head-ttl\">Leading track record<\/h3>\n<\/p><\/div>\n<div class=\"l-template__layer-body\">\n<div class=\"c-module-dl\">\n<dl class=\"c-module-dl__items\">\n<div class=\"c-module-dl__item\">\n<dt class=\"c-module-dl__ttl\">Investment target<\/dt>\n<dd class=\"c-module-dl__desc js-txtJustify\">\n<p class=\"c-module-dl__desc-txt\">Residential, logistics, etc.<\/p>\n<\/dd><\/div>\n<div class=\"c-module-dl__item\">\n<dt class=\"c-module-dl__ttl\">Investment Strategy<\/dt>\n<dd class=\"c-module-dl__desc js-txtJustify\">\n<p class=\"c-module-dl__desc-txt\">Core<\/p>\n<\/dd><\/div>\n<div class=\"c-module-dl__item\">\n<dt class=\"c-module-dl__ttl\">Fund Type<\/dt>\n<dd class=\"c-module-dl__desc js-txtJustify\">\n<p class=\"c-module-dl__desc-txt\">Open-End Fund<\/p>\n<\/dd><\/div>\n<div class=\"c-module-dl__item\">\n<dt class=\"c-module-dl__ttl\">Major Investors<\/dt>\n<dd class=\"c-module-dl__desc js-txtJustify\">\n<p class=\"c-module-dl__desc-txt\">Financial institutions, Non-financial Organizations and Mitsubishi Corporation<\/p>\n<\/dd><\/div>\n<\/dl><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section><\/div>\n<\/section>\n<section id=\"[func]section_href_set,3[\/func]\" class=\"l-template__layer l-template__layer--second p-[func]section_href_set,3[\/func]\">\n<div class=\"l-template__layer-inner l-template__layer-inner--second\">\n<div class=\"l-template__layer-head\">\n<h2 class=\"l-template__layer-head-ttl\">U.S. real estate investment track record<\/h2>\n<\/p><\/div>\n<div class=\"l-template__layer-body\">\n<div class=\"c-module-txt\">\n<p class=\"c-module-txt__inner js-txtJustify\">Our company has a track record of investing in many properties (including those under development) located in cities across the United States.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"l-template__layer-wrapper l-template__layer-wrapper--third\">\n<section class=\"l-template__layer l-template__layer--third\">\n<div class=\"l-template__layer-inner l-template__layer-inner--third\">\n<div class=\"l-template__layer-head\">\n<h3 class=\"l-template__layer-head-ttl\">Property Location<\/h3>\n<p>                          <small class=\"l-template__layer-head-note c-note\">*As of end of July, 2024<\/small>\n                        <\/div>\n<div class=\"l-template__layer-body\">\n<div class=\"p-us-map c-module-document\">\n<div class=\"c-module-document__inner\">\n                              <picture class=\"p-us-map__img\">\n                                <img src=\"[var]temp_dir[\/var]\/assets\/images\/[func]attr_page_slug[\/func]\/img_map.png\" width=\"1482\" height=\"848\" alt=\"\u7269\u4ef6\u6240\u5728\u5730\" decoding=\"async\" loading=\"lazy\">\n                              <\/picture>\n                            <\/div>\n<div class=\"c-module-document__btns\">\n                              [func]c_button,Enlarge,c-icon-plus,span,,,c-module-document__modal-btn c-button&#8211;sm c-button&#8211;thin,data-micromodal-trigger-fixed=modal01 role=button[\/func]\n                            <\/div>\n<div id=\"modal01\" class=\"c-module-document__modal c-modal c-modal__overlay\" data-micromodal-close tabindex=\"-1\">\n<div class=\"c-modal__wrap\">\n                                <button class=\"c-modal__close-btn\" data-micromodal-close><span class=\"c-modal__close-btn-inner\"><\/span><\/button><\/p>\n<div class=\"c-modal__inner\" role=\"dialog\" aria-modal=\"true\">\n                                  <picture class=\"p-us-map__img-modal\">\n                                    <img src=\"[var]temp_dir[\/var]\/assets\/images\/[func]attr_page_slug[\/func]\/img_map.png\" width=\"1482\" height=\"848\" alt=\"\u7269\u4ef6\u6240\u5728\u5730\" decoding=\"async\" loading=\"lazy\">\n                                  <\/picture>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<p>                    <script src=\"https:\/\/cdn.jsdelivr.net\/npm\/chart.js\"><\/script><br \/>\n                    <script src=\"https:\/\/cdn.jsdelivr.net\/npm\/chartjs-plugin-datalabels\"><\/script><br \/>\n                    <script>\n                    Chart.register(ChartDataLabels)\n                    <\/script><\/p>\n<section class=\"l-template__layer l-template__layer--third p-us-record-chartSct\">\n<div class=\"l-template__layer-inner l-template__layer-inner--third\">\n<div class=\"l-template__layer-head\">\n<h3 class=\"l-template__layer-head-ttl\">Diversification (equity basis)<\/h3>\n<p>                          <small class=\"l-template__layer-head-note c-note\">*As of end of July, 2024<\/small>\n                        <\/div>\n<div class=\"l-template__layer-body\">\n<div class=\"p-us-record-chart\">\n                            <script>\n                            (function () {\n                              const container = document.querySelector(\".p-us-record-chart\")\n                              const canvas = document.createElement(\"canvas\")\n                              container.append(canvas)<\/p>\n<p>                              const label = \"Diversification (equity basis)\"<\/p>\n<p>                              const chartData = [\n                                  {\n                                      label: 'Residential',\n                                      data: 64,\n                                      backgroundColor: '#A21300'\n                                  },\n                                  {\n                                      label: 'Logistics facilities',\n                                      data: 23,\n                                      backgroundColor: '#D85543'\n                                  },\n                                  {\n                                      label: 'Offices',\n                                      data: 12,\n                                      backgroundColor: '#DD7D70'\n                                  },\n                                  {\n                                      label: 'Student apartments',\n                                      data: 1,\n                                      backgroundColor: '#004495'\n                                  }\n                              ];\n                              const labels = chartData.map(item => item.label);\n                              const data = chartData.map(item => item.data);\n                              const backgroundColor = chartData.map(item => item.backgroundColor);<\/p>\n<p>                              new Chart(canvas, {\n                                type: \"pie\",\n                                data: {\n                                  labels: labels,\n                                  datasets: [{\n                                    label: label,\n                                    data: data,\n                                    backgroundColor: backgroundColor,\n                                    datalabels: {\n                                      labels: {\n                                        name: {\n                                          align: \"top\",\n                                          anchor: \"center\",\n                                          font: function (context) {\n                                            var width = context.chart.width;\n                                            var size = Math.round(width \/ 20);\n                                            return {\n                                              size: size,\n                                              weight: \"normal\",\n                                            }\n                                          },\n                                          offset: -8,\n                                          formatter: (value, context) => {\n                                            const index = context.dataIndex\n                                            const label = labels[index].trim().split(\" \")\n                                            return label\n                                          },\n                                        },\n                                        value: {\n                                          align: \"bottom\",\n                                          anchor: \"center\",\n                                          font: function (context) {\n                                            var width = context.chart.width;\n                                            var size = Math.round(width \/ 20);\n                                            return {\n                                              size: size,\n                                              weight: \"normal\",\n                                            }\n                                          },\n                                          offset: 0,\n                                          formatter: (value, context) => {\n                                            const percentage = value + \"%\"\n                                            return percentage\n                                          },\n                                        },\n                                      },\n                                    },\n                                  }],\n                                },\n                                options: {\n                                  maintainAspectRatio: false,\n                                  plugins: {\n                                    legend: false,\n                                    datalabels: {\n                                      display: (context) => {\n                                        return context.dataset.data[context.dataIndex] > 10\n                                      },\n                                      color: \"#fff\",\n                                      clamp: true,\n                                    },\n                                    tooltip: {\n                                      callbacks: {\n                                        label: (context) => {\n                                          const index = context.dataIndex\n                                          const value = context.dataset.data[index]\n                                          const label = labels[index]\n                                          return \" \" + label + \": \" + value + \"%\"\n                                        }\n                                      },\n                                    },\n                                  }\n                                },\n                              });\n                            })();\n                            <\/script>\n                          <\/div>\n<div class=\"p-us-record-txt\">\n<div class=\"p-us-record-legend c-legend\">\n<dl class=\"c-legend__item\">\n<dt class=\"c-legend__item-name\">\n                                        <i class=\"c-legend__item-icon\" style=\"background:#A21300\"><\/i><br \/>\n                                        <span class=\"c-legend__item-name-txt\">Residential<\/span>\n                                    <\/dt>\n<dd class=\"c-legend__item-value\">\n                                        64%\n                                    <\/dd>\n<\/dl>\n<dl class=\"c-legend__item\">\n<dt class=\"c-legend__item-name\">\n                                        <i class=\"c-legend__item-icon\" style=\"background:#D85543\"><\/i><br \/>\n                                        <span class=\"c-legend__item-name-txt\">Logistics facilities<\/span>\n                                    <\/dt>\n<dd class=\"c-legend__item-value\">\n                                        23%\n                                    <\/dd>\n<\/dl>\n<dl class=\"c-legend__item\">\n<dt class=\"c-legend__item-name\">\n                                        <i class=\"c-legend__item-icon\" style=\"background:#DD7D70\"><\/i><br \/>\n                                        <span class=\"c-legend__item-name-txt\">Offices<\/span>\n                                    <\/dt>\n<dd class=\"c-legend__item-value\">\n                                        12%\n                                    <\/dd>\n<\/dl>\n<dl class=\"c-legend__item\">\n<dt class=\"c-legend__item-name\">\n                                        <i class=\"c-legend__item-icon\" style=\"background:#004495\"><\/i><br \/>\n                                        <span class=\"c-legend__item-name-txt\">Student apartments<\/span>\n                                    <\/dt>\n<dd class=\"c-legend__item-value\">\n                                        1%\n                                    <\/dd>\n<\/dl><\/div>\n<dl class=\"p-us-record-total\">\n<dt class=\"p-us-record-total__name\">Total Equity<\/dt>\n<dd class=\"p-us-record-total__value\">\n                                about<b class=\"p-us-record-total__value-num\">1,126<\/b>million dollars\n                              <\/dd>\n<\/dl><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section><\/div>\n<\/section><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>[func]inside_nav_set[\/func] Closed-End Fund Business Through our U.S. closed-end fund business, which we started in 2017, we leverage the Mitsubishi Corporation Group\u2019s knowledge and experience in the U.S. real estate development business, to provide opportunities to domestic investors to invest in real estate in the U.S. Leading track record Investment target Residential, logistics, and student house [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":46,"menu_order":12,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-60","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.mc-dream.com\/english\/wp-json\/wp\/v2\/pages\/60"}],"collection":[{"href":"https:\/\/www.mc-dream.com\/english\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mc-dream.com\/english\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.mc-dream.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mc-dream.com\/english\/wp-json\/wp\/v2\/comments?post=60"}],"version-history":[{"count":4,"href":"https:\/\/www.mc-dream.com\/english\/wp-json\/wp\/v2\/pages\/60\/revisions"}],"predecessor-version":[{"id":455,"href":"https:\/\/www.mc-dream.com\/english\/wp-json\/wp\/v2\/pages\/60\/revisions\/455"}],"up":[{"embeddable":true,"href":"https:\/\/www.mc-dream.com\/english\/wp-json\/wp\/v2\/pages\/46"}],"wp:attachment":[{"href":"https:\/\/www.mc-dream.com\/english\/wp-json\/wp\/v2\/media?parent=60"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}