Q Investment Partners closes US$50 mil multifamily housing fund
QIP has closed its first fund in the Japan multifamily housing sector, fully deploying commitments of US$50 million ($67 million). This fund was a joint venture with Alyssa Partners, a leading investment manager in the Japanese markets. The newly acquired property is a 42-unit apartment block in Kiba, Tokyo – the fourth and final asset in the portfolio.QIP CEO Peter Young points out that the percentage of occupancy remains high at 95%, indicating that the residential living sector in Japan is still favored by institutional investors. The firm is looking for a second Japan-focused fund later this year as it extends its commitment to the Japanese market creating a local team in the region.Young adds that QIP plans to create a local team to facilitate the execution of its strategy at the end of this year. He added that key macro- and microeconomic factors are helping the multifamily asset class become a favored asset among institutional investors.
QIP has closed its first fund in the Japanese multifamily housing sector, fully deploying commitments of US$50 million ($67 million). This fund was created in collaboration with Alyssa Partners, a leading investment manager in Japan. Its newly acquired asset in the portfolio is a 42-unit apartment block located in Kiba, Tokyo.
CEO Peter Young claims that, on average, the portfolio has an impressive 95% occupancy rate. This is a clear sign that multifamily assets are still in high demand among institutional investors. QIP plans to further their commitment to the Japanese market by creating a local team in the region to further facilitate the launch of a second fund by the end of this year.
Young believes that these key macro- and microeconomic factors make the highly desired asset class a perfect target for institutional investors. With the first fund fully deployed, QIP is ready to tackle their next multifamily housing endeavor.
QIP’s portfolio in Japan includes the 89-unit Luxe Shin Osaka, the 62-unit Porta Nigra Osu, and the 56-unit Porta Nigra Chikusa. These properties have demonstrated strong performance since entering the portfolio, and QIP plans to continue this success act with their second fund.
The company is delighted to announce the full deployment of the fund and the acquisition of their fourth asset in Tokyo. This move represents a successful entrance into the residential market in Japan and is a great opportunity for QIP to expand their portfolio and grow their presence in the Asia Pacific region.