Dash Living Blackrock Jointly Acquire Tokyo Multi Family Property
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Hong Kong-based rental housing company Dash Living has joined forces with a fund managed by BlackRock’s real estate business to purchase a multi-family asset in Japan. The acquisition, which was announced in a press release on July 30, adds to Dash Living’s portfolio of properties in Japan, bringing the total to 15.
The specific amount for the purchase was not disclosed in the press release. The property, located in Higashi Komagata, Tokyo, consists of 29 units and is strategically situated in a prime location, only a five-minute walk from two subway lines – Ginza and Asakusa. It is also in close proximity to popular tourist attractions such as the Asakusa Shrine and the Asahi Beer Factory. With its convenient location, the property is also easily accessible to multiple central business districts in the city, making it an attractive investment opportunity.
This latest acquisition is just one in a series of acquisitions that Dash Living has made in Japan. Last November, the company announced a partnership with global investment management firm Schroders, which led to the acquisition of a 49-unit multi-family asset in Tokyo. Furthermore, Dash Living has also recently acquired two other properties in Japan in collaboration with Creal, a real estate investment crowdfunding platform that is listed on the Tokyo Stock Exchange.
The ongoing acquisitions in Japan demonstrate Dash Living’s commitment to expanding its presence in the country through strategic partnerships with reputable companies. It also highlights the continued demand for investment opportunities in the Japanese real estate market. With private wealth continuing to drive capital market deals, Dash Living is well-positioned to tap into this growing trend and capitalize on the opportunities presented in the market.