Tosei Reit Investment Corp

Name

Tosei Reit Investment Corp

Legal name

Tosei Reit Investment Corporation

Website

https://tosei-reit.co.jp

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Real Estate Investment Trust (J-REIT)

NAICS

Other Financial Vehicles (525990)

SIC

Real Estate Investment Trusts (6798)

akta.pro primary industry

REITs & Listed Real Estate Securities (FSAAAKAD)

akta.pro secondary industry

Real Estate Investment Sales (Income-Producing Properties) (FSAEAJAC)

Keywords

• Real estate investment trust
• Commercial property portfolio
• Asset management
• Tokyo office investment
• Existing building revitalization

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Rental Income from Real Estate: The investment trust generates rental income by investing in and operating a portfolio of real estate properties including offices, commercial facilities, residential, and logistics properties.
2. Asset Management Fees: The asset management company earns fees based on total assets (0.30% upper limit 0.60%), net income (5.00% upper limit 6.00%), and acquisition/disposition fees (up to 1.00%/0.50% for related parties).

Pricing tiers

Distribution channels1 record

Marketing channels4 records

Core offering

Tosei Reit Investment Corporation is a J-REIT that invests in existing building stock — primarily relatively small-to-medium-sized offices, commercial facilities, residential, and logistics properties — located mainly in the Tokyo Economic Zone (Tokyo, Kanagawa, Saitama, Chiba). The REIT owns and operates a portfolio of 64 properties (total acquisition price 84.4 billion yen as of May 2026) and generates rental income, distributing the proceeds to unitholders semi-annually. Asset management is outsourced to Tosei Asset Advisors Co., Ltd., a subsidiary of sponsor Tosei Corporation, which provides real estate revitalization and value-up expertise.

Product overview

Tosei Reit Investment Corp is a comprehensive J-REIT that operates as a single investment vehicle, investing primarily in relatively small-to-medium-sized existing office buildings, commercial facilities, residential, and logistics properties in the Tokyo economic zone (Tokyo, Kanagawa, Saitama, and Chiba). As of May 2026, the REIT holds 64 properties with a total acquisition price of 84.4 billion yen and an average occupancy rate of 97.0%. The investment strategy focuses on utilizing and revitalizing Japan's vast existing building stock, with a sponsor (Tosei Corporation) providing expertise in real estate regeneration through its core competencies in property value-up, tenant cultivation, and property management.

Differentiator

Problem solved

Functional benefit

Products and services

• Tosei Reit Investment Corporation J-REIT Investment Units Listed investment units in a J-REIT that invests in existing building stock (offices, commercial, residential, logistics) primarily in the Tokyo Economic Zone. Investors receive semi-annual distributions from rental income; 3,926 yen per unit for the 23rd period (April 2026). Total issued units: 379,155 (as of June 2026).
• Tosei Reit Existing Building Stock Portfolio The actual real estate portfolio held by the REIT, comprising 64 properties (offices, commercial facilities, residential, logistics) in the Tokyo Economic Zone with total acquisition price of 84.4 billion yen and 97.0% average occupancy rate (as of May 2026). The portfolio is the income-generating asset backing the J-REIT units and is grown through acquisitions and value-up activities.
• Semi-Annual Cash Distribution to Unitholders Periodic cash distribution paid to investment unit holders from the REIT's rental income and operational profits. Distribution is determined per investment unit for each fiscal period (April and October each year). 23rd period (April 2026) distribution: 3,926 yen per unit; forecasted 3,826 yen per unit for 24th period (October 2026) and 25th period (April 2027).
• Tosei Reit 1st Green Bond (第1回TSRグリーンボンド) Unsecured investment corporation bond issued to finance or refinance green eligible assets within the REIT's portfolio. Interest rate 0.850%, maturity 2031. Supported by JCR Green1(F) framework rating.

Quantifiable outcome

• 97.0% average occupancy rate
• +2 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Tosei Corporation (トーセイ株式会社)coreStrategic or Co-development PartnerSponsor company providing sponsor support including property acquisition pipeline and real estate revitalization expertise. Conducts same-boat investment (セイムポート出资) to align interests with investors.
• Tosei Asset Advisors (トーセイ・アセット・アドバイザーズ株式会社)coreStrategic or Co-development PartnerAsset management company responsible for managing the investment trust's portfolio and implementing investment strategy.
• Mitsubishi UFJ Trust Bank (三菱UFJ信託銀行)minorOthersInvestment unit administrator and shareholder registry manager for the investment trust.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• KDX (Kenedix) Real Estate Investment Corporation: Mid-sized office-focused J-REIT sponsored by Kenedix. Comparable as a smaller, mid-market Tokyo office peer; however, less diversified than Tosei Reit's multi-asset approach.

Direct peers

• Comforia Residential REIT, Inc. Residential-focused J-REIT sponsored by Tokyu Fudosan, primarily investing in rental apartments in the Tokyo metropolitan area. Comparable in scale and asset type for the residential segment of Tosei Reit's portfolio.
• Advance Residence Investment Corporation: Residential-focused J-REIT investing primarily in rental apartments in the Tokyo metropolitan area. Directly comparable for the residential component of Tosei Reit's diversified portfolio.
• Frontier Real Estate Investment Corporation: Mid-sized diversified J-REIT focused on retail, logistics and residential properties primarily in regional Japanese cities. Comparable in scale and diversified mandate, though with a regional rather than Tokyo focus.
• Tokyu REIT, Inc. Mid-sized comprehensive J-REIT investing primarily in the Tokyo metropolitan area across office, retail, residential and logistics properties. Closely comparable to Tosei Reit in size, diversification strategy and Tokyo-centric investment focus.
• Daiwa House REIT Investment Corporation: Diversified J-REIT with logistics, retail and office properties across Japan. Comparable for the logistics and commercial components of Tosei Reit's portfolio, though with a broader geographic mandate.
• Nippon Prologis REIT, Inc. Logistics-focused J-REIT investing in large, modern distribution centers primarily across Japan. Comparable for the logistics portion of Tosei Reit's diversified portfolio, though typically larger in asset size.
• Activia Properties Inc. Diversified J-REIT focused on mid-sized retail and office properties primarily in the Tokyo metropolitan area. Directly comparable to Tosei Reit in asset mix, target property size and Tokyo-area concentration.

Broad incumbents

• Nippon Building Fund Inc. One of Japan's largest office-focused J-REITs with a Tokyo-centric portfolio. A broader incumbent in the same real estate securities category; not directly size-comparable but represents the dominant benchmark in the office segment Tosei Reit partially operates in.
• Japan Real Estate Investment Corporation: Large office-focused J-REIT with a primarily Tokyo portfolio. A broader incumbent and benchmark peer for the office portion of Tosei Reit's portfolio, though materially larger and purely office-focused.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC9xEFmKYifO_iEC52laGepQ

Compliance4 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 Tosei Reit Investment Corp