Heitman Completes Largest Multi-Asset Residential Acquisition in Fukuoka History

Heitman has acquired a nine-asset residential portfolio comprising 316 units in Fukuoka, Japan, representing the largest multi-asset residential portfolio acquisition in the city's history. The transaction was executed on behalf of Heitman's global core-plus strategy in partnership with SMFL MIRAI Partners Company, Limited, a strategic subsidiary of Sumitomo Mitsui Finance and Leasing Company, Limited.

Strategic Acquisition in Key Japanese Market

The portfolio is diversified across key submarkets in Fukuoka, including Hakata and Hirao. All properties provide residents with accessibility to Fukuoka's Tenjin and Hakata business districts, both reachable within 15 minutes via direct subway and bus connections.

"We have strategically focused on building our investments in scale across the Fukuoka market," said Brad Fu, Managing Director and Head of Asia-Pacific Acquisitions for Heitman. "In addition to Heitman's acquisitions in other sectors within Greater Fukuoka, this portfolio contributes to our long-term positioning in this pivotal market, which is underpinned by favorable demographics, affordability, and sizable inbound industry investment."

Portfolio Composition and Target Demographics

The properties feature a mix of studio, one-bedroom, two-bedroom, and three-bedroom units catering to a wide range of tenants, including the city's dynamic young professional workforce and growing families.

Partnership Structure

SMFL MIRAI Partners, together with its clients and business partners, participated in the transaction as a strategic capital partner. The investment was executed on behalf of Heitman's global core-plus strategy.

Sources

Heitman LLC