Portfolio Summary

As of January 15, 2020

Number of Owned Properties
148

 

Occupancy Rate
99.2%

(As of May 31, 2020)

Total Acquisition Price
JPY511.6billion

 

By Property Type

  1. Based on acquisition price and the amount of preferred equity interest contribution by INV to the JV TMK is included the calculation, which are based on the property type or location of the underlying asset. The acquisition price of overseas hotels is the book value of the hotels as of May 9, 2019, which are converted into JPY amount via the forward exchange rate of USD 1=JPY 110.45 based on the foreign exchange forward implemented in connection with the original TK investment in the Cayman SPC (contract thereof was entered into on July 26, 2018 and implemented on September 26, 2018).

By Geography

  1. Based on acquisition price and the amount of preferred equity interest contribution by INV to the JV TMK is included the calculation, which are based on the property type or location of the underlying asset. The acquisition price of overseas hotels is the book value of the hotels as of May 9, 2019, which are converted into JPY amount via the forward exchange rate of USD 1=JPY 110.45 based on the foreign exchange forward implemented in connection with the original TK investment in the Cayman SPC (contract thereof was entered into on July 26, 2018 and implemented on September 26, 2018).
  2. Defined as follows: Greater Tokyo (ex, Tokyo 23 wards) is Tokyo (ex. Tokyo 23 Wards), Kanagawa, Chiba and Saitama. Kansai area is Osaka, Hyogo, Kyoto, Shiga, Mie, Wakayama and Nara. Chubu area is Aichi, Gifu, Shizuoka, Nagano, Yamanashi, Niigata, Toyama, Ishikawa and Fukui. Kyushu area is Fukuoka, Kumamoto, Kagoshima, Nagasaki, Oita, Miyazaki, Saga and Okinawa.

AUM Growth

(JPY billion)

Year 2014 2015 2016 2017 2018 2019 2020/01/15
Number of Owned
Properties
91 111 124 126 132 147 148
Hotel 20 37 48 54 66 84 86
Residential 63 66 68 67 64 61 60
Other 8 8 8 5 2 2 2

Property Age

1-4 years 5-9 years 10-14 years 15-19 years 20 years over
9.1% 3.3% 25.3% 3.8% 58.4%
  1. Percentages are calculated by the acquisition price and rounded down to one decimal place.
  2. Preferred equity interest and overseas properties are not included.
  3. As of December 31, 2019.