Daiwa House Asset Management

What Daiwa House Asset Management does

Daiwa House Asset Management Co., Ltd. (大和ハウス・アセットマネジメント株式会社) is a Tokyo-based, privately-held investment management firm operating as a wholly-owned subsidiary of Daiwa House Industry Co., Ltd. (大和ハウス工業株式会社). Established on September 1, 2004, the company is licensed under Japan's Financial Instruments and Exchange Act (Kanto Finance Bureau (Kin-Shu) No. 409) and holds additional regulatory credentials including a discretionary transaction agent license (MLIT No. 32) and a real estate transaction license (Tokyo Governor (5) No. 83758). The firm serves as the external asset manager for Daiwa House REIT Investment Corporation (大和ハウスリート投資法人, securities code: 8984), a diversified J-REIT listed on the Tokyo Stock Exchange, and additionally manages private real estate funds for qualified institutional investors. As of FY2024 (ended March 2025), total entrusted assets under management exceeded ¥1.14 trillion across four property verticals: logistics facilities, residential apartments, retail properties, and hotels.

The company operates a two-product platform: the listed Daiwa House REIT and a private fund program. Both are managed through an integrated platform spanning investment management, asset management, fund management, compliance, and sustainability functions. Internally, the organization is divided into specialized divisions including Acquisition (アクイジション部), DHR Fund Planning, DHR Asset Management, Private Fund Planning, Private Fund Asset Management, Compliance, Wellbeing (covering HR, IT, and sustainability), Accounting, and Internal Audit, with dedicated Investment Committees for both the listed REIT and private funds plus a Sustainability Committee and Compliance Committee. The technology stack includes a proprietary sustainability management framework organized around eight pillars (climate change, biodiversity, resource protection, chemical pollution prevention, internal framework, stakeholder relations, disclosure, and risk management), with environmental performance data tracked across energy consumption, GHG emissions (Scope 2), and green building certifications. An internal Health Analysis System benchmarks 11 employee health checkup metrics and 10 lifestyle survey items against group and company averages.

Daiwa House Asset Management generates revenue primarily through asset management fees and investment advisory fees. FY2024 net sales totaled ¥5,250 million, up from ¥4,500 million in FY2021, reflecting modest but consistent growth at roughly 4% CAGR. Revenue derives from management fees on the listed J-REIT (subscription/recurring), discretionary investment management fees for private funds (subscription/recurring), and investment advisory services. The company's go-to-market relies on institutional investor relations conducted both domestically and internationally, leveraging Daiwa House Group's integrated real estate value chain — spanning planning, development, construction, tenant leasing, administration, and management — for proprietary deal sourcing. Marketing channels center on IR activities, integrated/sustainability reporting, and industry association participation (ARES, Investment Management Association of Japan), rather than consumer-facing campaigns. Customer concentration is structurally high, with the listed REIT serving as the dominant mandate and the Daiwa House Group functioning as the principal sponsor and pipeline source.

Name

Daiwa House Asset Management

Legal name

大和ハウス・アセットマネジメント株式会社

Website

https://dh-am.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Tokyo-based J-REIT asset manager and private real estate fund manager, wholly-owned by Daiwa House Industry. Manages Daiwa House REIT (8984 TSE) and private funds totaling over ¥1.14 trillion across logistics, residential, retail, and hotel properties in Japan.

Ownership category

akta.pro rank

Product category

Real Estate Asset Management

NAICS

Real Estate Property Managers (53131), Nonresidential Property Managers (531312)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate Investment Trusts (6798)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

akta.pro secondary industry

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)

Keywords

• J-REIT asset management
• Private real estate funds
• Investment advisory services
• Logistics property investment
• ESG real estate investing

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. J-REIT Asset Management Fees: Asset management fees earned from managing Daiwa House REIT Investment Corporation (securities code: 8984), a diversified J-REIT listed on the Tokyo Stock Exchange. Revenue is generated through management fees based on assets under management and performance-linked fees. The company recorded net sales of 5,250 million yen for FY2024 (ended March 2025).
2. Private Fund Advisory and Management Fees: Investment advisory and discretionary investment management fees from private fund clients. Uses the know-how and human resources cultivated through J-REIT operations to serve private fund investors.
3. Investment Advisory Services: Investment advisory and agency business providing real estate investment advice to institutional clients.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Daiwa House Asset Management is a J-REIT asset management company and investment advisory firm. It manages Daiwa House REIT Investment Corporation (大和ハウスリート投資法人, securities code: 8984), a diversified J-REIT listed on the Tokyo Stock Exchange, and also provides investment management and advisory services for private funds to institutional and qualified investors. The firm leverages the Daiwa House Group's full real estate value chain — from planning, development, and construction to tenant leasing, administration, and management — across logistics, residential, retail, and hotel property sectors.

Product overview

Daiwa House Asset Management is a J-REIT asset management company and private fund investment manager. The company operates two core products: (1) Daiwa House REIT Investment Corporation (securities code: 8984), a diversified J-REIT listed on the Tokyo Stock Exchange, and (2) private fund investment management and advisory services. The company leverages the comprehensive strengths of its sponsor, the Daiwa House Group, for planning, development, construction, tenant leasing, administration, and management of real estate assets across logistics, residential, retail, and hotel property sectors. Total assets under management exceed \u00a51.14 trillion (1兆1,400億円).

Differentiator

Problem solved

Functional benefit

Products and services

• Daiwa House REIT Investment Corporation (大和ハウスリート投資法人) Diversified J-REIT listed on the Tokyo Stock Exchange (securities code: 8984) investing in logistics facilities, residential apartments, retail properties, and hotels across Japan. The company serves as the asset manager providing full-spectrum asset management including investment strategy, acquisitions, dispositions, and ongoing property management.
• Private Fund Investment Management and Advisory (私募ファンド) Private fund investment management and advisory services utilizing the know-how and human resources cultivated through J-REIT operations. Provides investment advisory agreements and discretionary investment agreements for institutional investors and qualified investors seeking exposure to Japanese real estate.
• Investment Advisory Services (投資助言・代理業) Investment advisory and agency business providing real estate investment advice to institutional clients, licensed under Financial Instruments and Exchange Act registration (Kanto Finance Bureau (Kin-Shu) No. 409). Services cover advisory mandates for private fund clients, leveraging the firm's J-REIT and private fund expertise.

Quantifiable outcome

• Total entrusted AUM exceeded ¥1.14 trillion (1兆1,400億円)
• +5 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core, important and standard.

• Principles for Responsible Investment (PRI)coreStrategic or Co-development Partner · 1 January 2024The company is a signatory to the UN-supported PRI, committing to incorporate ESG issues into investment analysis and decision-making, active ownership practices, and ESG disclosure. The company received five-star ratings in Policy/Governance/Strategy and Real Estate categories, and four-star in Confidence-building Measures in the 2024 PRI annual assessment.
• Japan Climate Initiative (JCI)coreStrategic or Co-development PartnerMember of the Japan Climate Initiative network, a voluntary coalition of Japanese companies and organizations working to realize a decarbonized society. The company participates to demonstrate commitment to climate change action and carbon reduction targets.
• United Nations Global Compact (UNGC) / Global Compact Network Japan (GCNJ)coreStrategic or Co-development PartnerSignatory to the UNGC and member of GCNJ, committing to the 10 principles covering human rights, labor standards, environmental protection, and anti-corruption. The company aligns its sustainability policy with UNGC principles.
• WWF Japan (World Wide Fund for Nature Japan)importantStrategic or Co-development PartnerCorporate member of WWF Japan, supporting environmental conservation activities including biodiversity protection and sustainable development initiatives. The company participates in WWF's environmental programs as a contributing member.
• 30 by 30 Alliance for BiodiversityimportantStrategic or Co-development PartnerFirst J-REIT asset manager to join the 30 by 30 Alliance for Biodiversity, committing to support conservation of 30% of Japan's land and sea by 2030 through OECM area management and biodiversity-positive real estate practices.
• Association for Real Estate Securitization (ARES)standardOthersMember of the Association for Real Estate Securitization (ARES), Japan's primary industry body for real estate investment and securitization, supporting industry standards and professional development including the ARES Certified Master qualification program.
• Investment Management Association of JapanstandardOthersMember of the Investment Management Association of Japan, the self-regulatory organization for Japan's investment management industry, supporting industry standards, investor protection, and professional best practices.
• EcoAction 21 (Ministry of Environment Japan)importantStrategic or Co-development PartnerCertified under EcoAction 21, the Ministry of Environment's environmental management certification program, demonstrating the company's environmental management system meets PDCA-based guidelines for environmental performance evaluation and reporting.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• LaSalle Investment Management (Japan): Global real estate investment manager with active Japan operations including J-REIT advisory and private fund mandates. Comparable as a competing institutional real estate asset manager in Japan, though operating at global scale across multiple vehicles and property types.
• Sumitomo Mitsui Trust Investment Management Co., Ltd. Asset management arm of Sumitomo Mitsui Trust Holdings, managing multiple J-REITs and broader real estate mandates. Comparable as a major Japanese asset manager with both J-REIT and private real estate capabilities, though operating at significantly larger scale with a broader portfolio.
• Mitsui Fudosan Asset Management Co., Ltd. Asset manager for Mitsui Fudosan Logistics Park (J-REIT) and other Mitsui Fudosan Group real estate vehicles. Comparable as a sponsor-affiliated J-REIT asset manager within a major Japanese real estate conglomerate, though Mitsui Fudosan's broader development footprint provides larger scale.

Direct peers

• Tokyu Real Estate Investment Management Co., Ltd. Asset manager for Tokyu REIT, Inc. (J-REIT) backed by the Tokyu Group. Comparable as a sponsor-affiliated J-REIT asset manager leveraging an integrated Japanese real estate group's development capabilities.
• Japan Real Estate Asset Management Co., Ltd. Asset manager for Nippon Building Fund (J-REIT focusing on office properties), one of the largest J-REITs in Japan. Comparable as a dedicated J-REIT asset management company managing a flagship listed REIT with a diversified institutional investor base.
• GLP Japan Asset Management K.K. Asset manager for GLP Japan Trust (J-REIT) specializing in logistics real estate. Comparable as a Japan-based J-REIT asset manager with sponsor backing and a sector-focused mandate, similar to Daiwa House Asset Management's logistics-heavy allocation.
• Kenedix Real Estate Asset Management: Asset manager for Kenedix Office Investment Corporation and several private real estate funds. Comparable as a Japanese asset manager operating both J-REIT (office focus) and private fund vehicles for institutional investors.
• Mitsubishi Corp.-UBS Realty Asset Management: Asset manager for Industrial & Infrastructure Fund Investment Corporation (J-REIT). Comparable as a diversified J-REIT asset manager with major conglomerate sponsorship (Mitsubishi/UBS), operating in a similar institutional market for listed REIT products.
• AEON REIT Asset Management Co., Ltd. Asset manager for AEON REIT Investment Corporation, a retail-focused J-REIT backed by the AEON Group. Comparable as a sponsor-affiliated J-REIT asset manager leveraging a major Japanese retail/real estate conglomerate's portfolio and tenant relationships.
• Mori Trust Asset Management Co., Ltd. Asset manager for Mori Trust Sogo Reit, Inc. (J-REIT) backed by Mori Trust, a major Japanese real estate developer. Closely comparable as a sponsor-backed J-REIT asset manager leveraging its parent group's development pipeline across multiple property types.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Daiwa House Asset Management