Japan Real Estate Investment Corporation

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  1. Home
  2. Strength of JRE
  3. Basic Policy

Basic Policy

JRE aims at asset management to invest primarily in real estates, leaseholds of real estates, surface rights and trust beneficiary rights only for afore mentioned assets. JRE invests the assets defined below with the goal of stable growth in value over a medium-to long-term period.

Investment target

Investment target Investment
restrictions
Real estate assets
  1. Real estate
  2. Leaseholds of real estate
  3. Surface rights
  4. Trust beneficiary rights in trust of real estate, leaseholds of real estate, or surface rights (Note 2)
  5. Trust beneficiary rights in monetary trusts in which the purpose is to invest in real estate, leaseholds of real estate, or surface rights
  6. Anonymous partnership equity interest on real estates (Note 3)
Real estate related
securities (Note 4)
  1. Preferred capital contribution certificates (Note 5)
  2. Beneficiary certificates (Note 6)
  3. Investment securities (Note 7)
  4. Beneficiary certificates of a special purposes trust (Tokutei Mokuteki Shintaku) (Note 8)
Others
  1. Securities (Note 9)(Note 10)
  2. Monetary claims (Note 10)(Note 11)
  3. Rights in derivative transactions (Note 12)(Note 13)
  4. Shares (Note 14)
  5. Renewable energy generation facilities (Note 15)
  6. Other assets that are deemed necessary or useful for the basic asset management policy
(Note1) Those set forth in the Act on Investment Trusts and Investment Corporations of Japan (the “ITA”).
(Note2) Including beneficiary rights in comprehensive trusts over real estate and moneys incidental thereto.
(Note3) Relating to a contract under which either party makes a financial contribution to the other party for purposes of management of the assets described in any of the items listed in Real estate assets (1) through (5) above and the other party manages the contribution as investments primarily in any of such assets, and distributes the profits generated by such asset management.
(Note4) Those more than half of the underlying assets of which are invested in Real estate assets (including cases where certificates representing the rights have not been issued).
(Note5) Those as set forth in the Act on Securitization of Assets (the “Asset Securitization Act”)
(Note6) Those as set forth in the Act on Investment Trusts and Investment Corporations of Japan.
(Note7) Those as set forth in the ITA.
(Note8) Those as set forth in the “Asset Securitization Act” except for the beneficiary certificates invested in the assets listed in Real estate assets (4) or (5) above.
(Note9) The “Securities” as set forth in the ITA, other than those specified in Real estate assets, Real estate related securities and Others above.
(Note10) JRE shall not seek to invest aggressively, but rather make investment taking safety and liquidity into consideration.
(Note11) Those as set forth in the Order for Enforcement of the ITA (the “Order”) including ordinary deposits, large time deposits and negotiable deposits).
(Note12) Those set forth in the Order.
(Note13) JRE shall limit its trading activity to the extent of hedging the interest rate volatility risks with regard to its debts, and other risks.
(Note14) Including cases where certificates representing the rights have not been issued, provided, however, that investments may be made when deemed necessary or useful for the basic asset management policies.
(Note15) Those set forth in the Order.

Type of assets

Primarily office buildings

Targeted area

Major cities in Japan including those cabinet-order designated cities

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