Portfolio Summary

As of July 31, 2024

Number of Owned Properties
146

 

Occupancy Rate
99.7%

(As of September 30, 2024)

Total Acquisition Price
JPY653.0billion

 

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 2018 2019 2020 2021 2022 2023 2024-07-31
Number of Owned
Properties		 132 147 142 134 128 134 146
Hotel 66 84 86 86 86 92 104
Residential 64 61 54 47 41 41 41
Other 2 2 2 1 1 1 1

Property Age

1-4 years 5-9 years 10-14 years 15-19 years 20 years over
0.0% 11.1% 0.0% 20.6% 68.3%
  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 June 30, 2024.

Portfolio