Total Japan REIT valued at 10TY
The Japan REIT (Real Estate Investment Trust) boom has ended and The Tokyo Stock Exchange REIT index is now down 7% from its top reached in May.
However the flow of funds in real estate is continuing. The balance of Japanese REIT at the end of June 2006 has jumped 73% in one year to 4.5 TY and the number of listed REIT has doubled to 36.For the REIF (Real Estate Investment Fund) which are unlisted the total balance has raised to 5.5 TY or an increase of 68%. Over 120 companies are managing REIF.
In total, investment in real estate funds has reached 10 Trillion Yen.
Da Vinci advisors Japan largest real estate fund operator now manages 790 BY a rise of 130% in one year.
For more: http://www.japanconsult.com/Japan_REIT_market.htm
However the flow of funds in real estate is continuing. The balance of Japanese REIT at the end of June 2006 has jumped 73% in one year to 4.5 TY and the number of listed REIT has doubled to 36.For the REIF (Real Estate Investment Fund) which are unlisted the total balance has raised to 5.5 TY or an increase of 68%. Over 120 companies are managing REIF.
In total, investment in real estate funds has reached 10 Trillion Yen.
Da Vinci advisors Japan largest real estate fund operator now manages 790 BY a rise of 130% in one year.
For more: http://www.japanconsult.com/Japan_REIT_market.htm
posted by Eric Perraudin @ 9:48 PM
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