Project Start

Multi-Family Portfolio - Core Plus Strategy

In December 2020, Alyssa Partners entered into a joint investment program with PGIM Real Estate Japan, the asset management arm of American life insurance company Prudential Financial to acquire from two unrelated sellers, a portfolio of four newly built multi-family properties, all located in Tokyo.

Given the upside in the scalability of the multi-family strategy in Japan, the joint investment vehicle was purposely structured to potentially accommodate future investments with the aim to further grow the portfolio.

The joint investment program is targeting both forward commitment and stabilized assets in Greater Tokyo and Osaka within walking distance to subway and/or JR stations.

Alyssa Partners is acting as co-investor and is co-asset manager alongside PGIM Real Estate Japan.