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 |
|
− |
Real estate related securities (Note 4) |
|
− |
Others |
|
− |
(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