TOBU REAL ESTATE

What TOBU REAL ESTATE does

TOBU REAL ESTATE CO., LTD. (legal entity 東武不動産株式会社) is a 100% wholly-owned subsidiary of Tobu Railway Co., Ltd., functioning as the diversified Tobu Group's comprehensive real estate platform headquartered in Sumida Ward, Tokyo (Tokyo Skytree Town East Tower). The company operates six core business lines: Property Management (1,245 units as of March 2025, of which 721 are Tobu Railway-owned), Development (Vista Court Hatagaya, VISTA GARDEN Chofu), Real Estate Distribution and brokerage (including whole-building transactions such as the Tobu Treasure Garden disposal), the T-home branded long-stay accommodation series (7 buildings / 42 rooms as of February 2026, targeting 100 rooms in the Oshiage/Narihira corridor), Parking Operations (~830 car and bicycle facilities across one metropolitan area and three prefectures under the TOBU PARK brand), and the Reikas regeneration business that purchases aging properties for renovation, resale, or redevelopment into PCF single-story housing. Two newer lines — TOBU SPACE rental storage in Yokohama and the Kotomachi Project town-making initiative — extend the platform into adjacent real-estate-adjacent verticals. Customer mix spans enterprise mandates (Tobu Railway internal assets, JKK Tokyo, Tokyo Skytree Town, Perie Kaihin-Makuhari) and consumer-facing accommodation.

The underlying technology and operating platform is conventional real-estate operations with targeted engineering: loop-coil vehicle detection and camera-based entry management in TOBU PARK facilities, the Reikas regeneration workflow for distressed property acquisition, and the proprietary T-home brand standards (Edo-period machiya architecture, themed interiors, ALSOK security, mist-type fire suppression). There is no disclosed AI, software platform, or proprietary data asset; the company's intellectual property is its brand portfolio (T-home, PCF/Villa Rie, TOBU PARK, TOBU SPACE, Kotomachi) and its integrated licensing base (over 75% of regular employees hold the tokken shikaku real estate transaction license, supported by the in-house Tobu Real Estate Academy).

Revenue mechanics combine recurring streams (property management fees on 1,245 units, monthly/time-based parking income across ~830 facilities, rental storage subscriptions, nightly and long-stay accommodation bookings) with transactional streams (development sales like Vista Court Hatagaya, brokerage commissions on whole-building sales, Reikas property dispositions). Go-to-market is hybrid: enterprise field sales for PM, leasing, and development mandates via direct outreach from offices in Sumida and Ginza; online booking platforms for T-home accommodation with social media support (Instagram @t_home_kei); and Sumida Ward merchant collaborations for the Kotomachi Project. Distribution is overwhelmingly regional, concentrated in the Greater Tokyo and Kanto area (Tokyo, Kanagawa, Chiba, Saitama), leveraging Tobu Railway's railway-adjacent land pipeline and cross-group tenant relationships.

Name

TOBU REAL ESTATE

Legal name

TOBU REAL ESTATE CO., LTD.

Website

https://tobu-re.co.jp

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

TOBU REAL ESTATE is a 100% Tobu Railway-owned comprehensive real estate platform operating across property management, development, brokerage, branded long-stay accommodation (T-home), parking (TOBU PARK), regeneration (Reikas/PCF), and rental storage (TOBU SPACE) in the Greater Tokyo area.

Ownership category

akta.pro rank

Product category

Real Estate Services

NAICS

Residential Property Managers (531311), Real Estate Property Managers (53131), Lessors of Miniwarehouses and Self-Storage Units (53113), Lessors of Other Real Estate Property (531190), New Housing For-Sale Builders (236117)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate Operators (No Developers) & Lessors (6510), Hotels & Motels (7011), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industries

Residential Real Estate Asset Management (BPAJAMAA), Residential Investment Property Brokerage (SFR/Small Multifamily) (BPAJAAAE), Residential Real Estate Brokerage (Buy/Sell) (FSAEAJAA)

Keywords

• Property management services
• Real estate brokerage
• Apartment hotel operations
• Parking facility management
• Property development

Headquarters

HQ city

Sumida

HQ country

Japan

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Property Management (プロパティマネジメント): Ongoing management fees for residential and office properties under Tobu Railway's portfolio (721 units), general owner mandates (455 units), and company-owned assets (69 units). Services include leasing, tenant management, maintenance, and renovation proposals.
2. Development and Property Sales (デベロップメント事業): Development of new residential and commercial properties for sale or lease. Vista Court Hatagaya (26-unit rental apartment) and VISTA GARDEN Chofu represent new development pipeline.
3. Real Estate Distribution (不動産流通事業): Brokerage and trading of existing residential and commercial properties, including whole-building sales to investors and corporate entities.
4. T-home Accommodation Operations (宿泊事業): Apartment hotel operations (T-home series) near Tokyo Skytree. Revenue from nightly and long-stay accommodation bookings via online platforms. T-home景 opened Feb 2026 with 29 rooms, total T-home series reaches 7 buildings / 42 rooms.
5. Parking Operations (パーキング事業): Operation of approximately 830 parking and bicycle parking facilities (570 car parks + 260 bicycle parks) across the greater Tokyo area. Services include time-based, monthly, and facility-integrated parking management for landowners.
6. Reikas (空き家再生活用事業): Acquisition of aging or distressed properties, renovation/rebuilding (including PCF new single-story homes), and resale or leasing. Also purchases inherited properties directly and supports elderly sellers with moving services.
7. Rental Storage (レンタル倉庫事業) TOBUスペース: New rental storage warehouse business launched Feb 2026 in Yokohama. Addresses urban storage needs for daily goods, hobby items, and 'oshi' (fan) goods. New business line targeting urban residents seeking to optimize living space.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core offering

TOBU REAL ESTATE is a comprehensive real estate company providing property management, leasing, brokerage, development, regeneration (Reikas), parking operation, and apartment-hotel hospitality services across the Greater Tokyo area. Its core activity is managing and developing real estate assets for landowners, corporate investors, and the Tobu Group's portfolio, with growing consumer-facing lines in long-stay accommodation (T-home series) and compact housing (PCF).

Product overview

TOBU REAL ESTATE is a comprehensive real estate company (100% subsidiary of Tobu Railway Group) offering a diverse portfolio of products and services in the Tokyo metropolitan area. The company operates through multiple business lines: (1) T-home Series - an apartment hotel accommodation brand offering long-term stays near Tokyo Skytree; (2) PCF/Villa Lie - premium compact single-story housing developed on former Tobu housing complex sites; (3) Vista Court Hatagaya - a premium rental apartment complex in Shibuya; (4) Property Management - managing over 1,200 residential rental units; (5) Parking Services (TOBU PARK) - operating approximately 830 parking facilities; (6) Town Development (ことまちプロジェクト) - urban revitalization including community spaces and local collaboration hubs; (7) Reikas Business - real estate regeneration including renovation and repurchase services; (8) TOBUスペース - rental storage warehouse services. The company also offers real estate distribution/brokerage and development services.

Differentiator

Problem solved

Functional benefit

Brands

• T-home: Apartment hotel series offering long-term stay accommodations near Tokyo Skytree Town and Asakusa area, featuring apartment-style rooms with kitchen and laundry facilities. Current portfolio includes 7 buildings with 42 rooms as of 2026.
• T-home景 (KEI)
• T-home彩 (SAI)
• T-home集 (SHU)
• T-home晴 (HARE)
• Villa Rie (ヴィラリエ)
• PCF (Premium Compact Flat)
• TOBU PARK
• TOBUスペース (TOBU SPACE)
• ことまちプロジェクト (Kotomachi Project)
• ことまちベース (Kotomachi Base)
• ことまちラボ (Kotomachi Lab)
• ことまちカレッジ (Kotomachi College)
• ラーニングクリエイターコース (Learning Creator Course)

Products and services

• Property Management (プロパティマネジメント) Management and operation of residential rental and office properties for landowners, including leasing, tenant management, planned maintenance, and renovation proposals. Manages 1,245 units as of March 2025 (721 Tobu Railway-owned, 455 general-owner, 69 company-owned) across the Tokyo metropolitan area.
• TOBU PARK Parking Services (パーキング事業) Parking lot and bicycle parking facility management services including coin parking, monthly parking, facility-integrated parking, and mechanical bicycle parking. As of September 2025, operates approximately 830 locations (~570 parking lots and 260 bicycle parking facilities) across one metropolitan area and three prefectures (Tokyo, Kanagawa, Chiba, Saitama).
• Real Estate Distribution (不動産流通事業) Brokerage and trading of existing residential and commercial real estate, specializing in one-bulk sales of rental apartment buildings and offices to corporate and individual investors, asset management companies, and other investors. Distribution Division handles complex transactions including large mixed-use properties.
• Reikas Business (リイカス事業) Real estate regeneration business acquiring aging or inherited properties, renovating or rebuilding them, and reselling or leasing. Handles three regeneration patterns: vacant lot to land sale, used house renovation to resale, and used condo renovation to resale. Includes elderly-seller support with moving services and direct purchase of inherited properties. PCF single-story homes are developed on former Tobu housing complex sites.
• Development Business (デベロップメント事業) New-build property development for residential and commercial use, including rental apartment buildings and for-sale housing. Pipeline includes Vista Court Hatagaya (26 units, Shibuya-ku, completed July 15, 2026 — first Tobu new-build in a central Tokyo district) and VISTA GARDEN Chofu. PCF / Villa Rie single-story homes developed on former Tobu housing complex land in Chiba and Saitama.
• Kotomachi Project (ことまちプロジェクト) Urban town-making project in the Oshiage/Narihira area near Tokyo Skytree combining community space (Kotomachi Lab), commercial tenant recruitment (Kotomachi Base with craft beer izakaya and stylish cafe), and accommodation facilities (T-home series) to drive foot traffic and neighborhood economic spillover.
• T-home Series Apartment Hotel (T-homeシリーズ) Long-stay apartment hotel accommodation brand near Tokyo Skytree Town and Asakusa. Rooms feature kitchenettes, laundry facilities, hotel-like security, and themed interiors. The series includes flagship T-home KEI (29 rooms, Edo-period inspired wooden townhouse style, opened February 2026), T-home HARE (for large groups, November 2025), T-home SAI (3 rooms, October 2024), and others. Total portfolio: 7 buildings, 42 rooms as of February 2026. Target: 100 rooms in Oshiage/Narihira area.
• TOBU SPACE Rental Storage (TOBUスペース) Rental storage warehouse business for urban storage of daily goods, hobby items, and collecting/oshi goods. Launched in Yokohama City in February 2026 to address urban living-space optimization needs.
• PCF Premium Compact Flat Housing (PCF建売住宅) Single-story detached housing brand offering compact, flat, and premium-quality residential units with up to 4.7m ceilings, 20–24 tsubo floor area, barrier-free design, and open-plan layouts. Villa Rie line developed on former Tobu Group housing lots in Noda (Chiba) and Kasukabe (Saitama), targeting post-child-independence couples and elderly downsizers.

Quantifiable outcome

• T-home series achieved expansion to 7 buildings / 42 rooms with T-home景 opening Feb 2026; target of 100 rooms in Oshiage/Narihira area
• +3 more outcomes

Named customers3 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Fregline Architectural DesigncoreStrategic or Co-development Partner · 15 July 2026Tobu Real Estate commissioned Fregline Architectural Design to design Vista Court Hatagaya (ヴィスタコート幡ヶ谷), a six-story, 26-unit rental apartment complex in Shibuya-ku, Tokyo. The project features Edo-Kumiko design elements and represents Tobu's first construction project in a central Tokyo district.
• Shinhou Construction Company (深豊建設)coreStrategic or Co-development Partner · 15 July 2026Shinhou Construction Company was the general contractor for Vista Court Hatagaya, the six-story, 26-unit rental apartment development in Shibuya-ku completed July 15, 2026.
• Tokyo Science University (東京科学大学)minorStrategic or Co-development Partner · 13 December 2025Partnered with Tokyo Science University as co-organizer of Science Castle World 2025 (December 13–14, 2025). Tobu Real Estate participated as a partner company and presented the 東武不動産賞 to a student team for a disaster response robot proposal.
• Levenas Co., Ltd. (株式会社リバネス)coreStrategic or Co-development Partner · 31 October 2025Tobu Real Estate partners with Levenas Co., Ltd. to co-develop and co-operate the Learning Creator Course (ラーングクリエイターコース), a 5-month community leader training program held at Kotomachi Lab. Levenas brings educational program design expertise and recruits participants from companies, universities, and schools. The third cohort completed March 2026 with over 30 graduates total.
• Sumida Ward / Local Community (墨田区・地域住民・町会・商店街)coreStrategic or Co-development Partner · 31 October 2025Tobu Real Estate collaborates with Sumida Ward government, local neighborhood associations (町会), commercial associations, and individual merchants in Oshiage/Narihira for the Kotomachi Project. Collaborative activities include community events at Kotomachi Lab, local merchant gift initiatives under the すみだモダン program, and joint town revitalization efforts.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Mitsubishi Estate Co., Ltd. One of Japan's largest diversified real estate developers and lessors, focused on central Tokyo office and commercial assets. Comparable as a broader incumbent operating across development, leasing, and asset management.
• Sumitomo Realty & Development Co., Ltd. Major Japanese real estate developer active in condominium for-sale, office leasing, and property management. Comparable as a broad incumbent with overlapping residential and commercial portfolios.

Emerging players

• Hoshino Resorts Inc. Japanese hospitality operator running differentiated accommodation brands including ryokan-style and design-led urban hotels. Comparable as a peer to T-home's themed, urban-tourism lodging model near Tokyo Skytree.

Direct peers

• Tokyu Community Corp: Tokyu Group's property management arm handling condominium, office, and leasing management at scale. Closely comparable to Tobu Real Estate's PM division (1,245 units) and its sales-led owner outreach.
• Nomura Real Estate Holdings: Diversified Japanese real estate group covering residential development, commercial property, and asset management. Comparable as a peer with integrated development + management + brokerage model.
• Park24 Co., Ltd. Japan's largest parking operator (Times brand) with hundreds of thousands of parking bays nationwide. Closely comparable to Tobu Real Estate's TOBU PARK business (830+ parking/bicycle facilities).
• Tokyu Land Corporation: Comprehensive real estate arm of the Tokyu Group railway conglomerate with property management, development, brokerage, and town-making businesses. Most directly comparable as a railway-group real estate subsidiary operating an integrated platform.
• Tokyo Tatemono Co., Ltd. Japanese real estate developer and lessor specializing in mid-sized office buildings and residential in central Tokyo. Comparable as a peer in brokerage, development, and rental residential.
• Daiwa Living Co., Ltd. Daiwa House group's rental residential property management and rental housing operator. Comparable as a peer managing third-party-owned residential rental portfolios at scale.
• Leopalace21 Corporation: Japanese rental apartment operator and builder with national scale in leasing, property management, and build-to-rent. Comparable as a peer in multifamily rental, brokerage, and PM services.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/t_home_kei/?igsh=MTVlOGJvaGx4MDN0Mg==

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TOBU REAL ESTATE