The investment was executed by Heitman on behalf of its global core-plus strategy and Heitman’s strategic capital partner SMFL MIRAI Partners Company, Limited (“SMFL MIRAI Partners”), which is a strategic subsidiary of Sumitomo Mitsui Finance and Leasing Company, Limited. The transaction marks the largest multi-asset residential portfolio acquisition in the city’s history. 

“We have strategically focused on building our investments in scale across the Fukuoka market,” said Brad Fu, Managing Director and Head of Asia-Pacific Acquisitions for Heitman. “In addition to Heitman’s acquisitions in other sectors within Greater Fukuoka, this portfolio contributes to our long-term positioning in this pivotal market, which is underpinned by favorable demographics, affordability, and sizable inbound industry investment.” 

You can now read the full press release at the link below