Real Estate Investment and Trading
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Azabu Property Investments’ Real Estate Investment and Trading activities center around distressed and special situation real estate opportunities across Japan. We aim to acquire assets at 15-25% discounts to regular market prices. For that purpose we employ a disciplined approach to valuation, leveraging a proprietary database of distressed transaction prices.
Our assets can be found in above-average city-center locations and tend to generate above average rental yields until they are sold at a premium to acquisition value.
The core of our capital is proprietary as we always put our own capital at risk when we invest alongside third parties.
Our exited portfolio (170 assets) exhibits a realized after cost/tax net return on investment of 23.4% and an annualized unlevered internal rate of return of 14.3%. (December 2023)
Our Investment Results
Acquired assets
193
Divested asset
170
Average net ROI divested assets
23.4 %
Net IRR divested assets
14.3 %
As of:
December 2023
Example Trades
Example Trade 1
Adress
Ikebukuro 4-29-6, Toshima-ku, Tokyo
Name of object
Axia Ikebukuro
Floor location
3/12
size (㎡)
50.1
Age
9
# rooms in bldg
67
Nearest Station
JR Ikebukuro
Dist from station (m)
850
Orientation
SouthWest
Occupied ?
Y
Investment Result
IN
OUT
Date
2013/9/1
2015/3/20
Gross yield
6.8%
5.6%
NET IRR
16.8%
Cash Multiple
1.33
Holding period (months)
19
Example Trade 2
Adress
Juso-higashi 1-20-11, Yodogawa-ku, Osaka
Name of object
Celesso Court Riverside Osaka
Floor location
9/15
size (㎡)
24.62
Age
6
# rooms in bldg
183
Nearest Station
Hankyu-line Juso
Dist from station (m)
350
Orientation
SouthEast
Occupied ?
N
Investment Result
IN
OUT
Date
2015/12/28
2016/6/10
Gross yield
NA
NA
NET IRR
43.5%
Cash Multiple
1.27
Holding period (months)
6
Example Trade 3
Adress
3-2-45 Arato, Chuo-ku, Fukuoka
Name of object
Urban Palace Axe Ohori
Floor location
7/14
size (㎡)
71.34
Age
19
# rooms in bldg
61
Nearest Station
Subway Airport-line Tojino
Dist from station (m)
330
Orientation
East
Occupied ?
Y
Investment Result
IN
OUT
Date
2014/11/27
2016/3/7
Gross yield
7.6%
6.4%
NET IRR
16.7%
Cash Multiple
1.24
Holding period (months)
15
Example Trade 4
Adress
Kaigandoori 5-2-3, Chuo-ku, Kobe
Name of object
Advance Kobe Plage
Floor location
10/15
size (㎡)
24.61
Age
3
# rooms in bldg
54
Nearest Station
Kobe Kosoku Tetsudo Nishimotomachi
Dist from station (m)
300
Orientation
South
Occupied ?
N
Investment Result
IN
OUT
Date
2016/3/8
2016/9/2
Gross yield
NA
NA
NET IRR
38.4%
Cash Multiple
1.21
Holding period (months)
6
