fukushima: The company currently oversees five REITs, according to The Japan Times. We are looking to increase our assets for the time being because it is quite possible that more money is waiting to flow into the market, Fukushima said in an interview. Japan's second-biggest brokerage is preparing to start a new private-placement REIT and considering having existing trusts issue new shares to raise money for expansion, said Toshio Fukushima, president of its Daiwa Real Estate Asset Management Co. unit. ; Fukushima said he expects the combined assets of real estate investment trusts under his firm's management to increase to more than 1 trillion 9.1 billion next year from around 900 billion as of September. Buying REITs from other companies is one option to bolster assets, he said, while noting that decisions involving acquisitions are up to the parent company. Banks have extended a record 80 trillion in loans to the real estate sector, central bank figures show, as office vacancies shrink and property prices rise. Prices of Japan's exchange-traded REITs are hovering near 12-year highs as institutional investors seek returns to make up for negative yields on government bonds.
(news.financializer.com). As
reported in the news.
Tagged under fukushima, estate topics.