General Description

Advance Residence Investment Corporation (Securities code: 3269) is listed on the Real Estate Investment Trust Securities Market of Tokyo Stock Exchange. ADR has the largest portfolio among the residential REITs in Japan in terms of assets.

ADR Description

Name Advance Residence Investment Corporation
Representaive Executive Director Takeshi Takano
Address 17th Floor, Jinbocho Mitsui Building
1-105 Kanda-Jinbocho, Chiyoda Ward, Tokyo
Investment asset class Residential Property
Fiscal period Six-month period from Feb.1 to Jul.31, and Aug.1 to Jan.31
Asset manager(Administrative contact) AD Investment Management Co., Ltd
TEL:+81-3-3518-0480
Major share holders of Asset manager ITOCHU Corporation ITOCHU Property Development, Ltd.

History

Sep. 25, 2009 Merger agreement was signed between Advance Residence and Nippon Residential.
Nov. 30, 2009 Unitholders of both REITs approve the merger at each of its General Unitholders' Meetings.
Feb. 23, 2010 The last day of trading on the Tokyo Stock Exchange REIT section for both former Advance Residence and Nippon Residential.
Feb. 24, 2010 Both REITs de-list from the Tokyo Stock Exchange.
Mar. 1, 2010 The merger comes in to effect and the new Advance Residence is established.
Mar. 2, 2010 The new Advance Residence (Securities code: 3269) re-lists on the Tokyo Stock Exchange REIT section.

Directors

Executive Director Takeshi Takano(male)

Jan. 1985 Joined Musashi-Fuchu Aoiro Incorporated AssociationJoined
Nov. 1996 Joined Yamato Glass Co., Ltd.
May 2001 Joined Pacific Management Corporation
Jun. 2004 Appointed Director of Pacific Investment Advisors Corporation
Feb. 2008 Appointed Representative Director
Mar. 2010 Appointed Executive Director and Head of Investment & Asset Management Department of AD Investment Management Co., Ltd. (ADIM)
Oct. 2017 Appointed to Substitute Executive Director of Advance Residence Investment Corporation (ADR)
Apr. 2018 Appointed to Senior Managing Director, General Manager of Investment and Asset Management Division of ADIM
Jun. 2019 Appointed to Executive Director of ADR (currently serving)
Appointed to President of ADIM (currently serving)

Supervisory Director Yoshitsugu Oba(male)

Nov. 1975 Joined Tohmatsu Awoki & Co.
Jun. 1990 Partner, Tohmatsu & Co.
Oct. 2010 Quality Control Division Manager, Deloite Touche Tohmatsu
Nov. 2010 Managing Member, Deloite Touche Tohmatsu
Jun. 2016 Audit & Supervisory Board member, Mitsubishi Motors Corporation (currently serving)
Oct. 2017 Appointed Audit Officer of ADR

Supervisory Director Yoshiki Oshima(male)

Oct. 1967 Passed bar exam
Apr. 1970 Registered as lawyer
Apr. 1978 Opened Akasaka Law Office L.P.C. (currently serving)
Sep. 2005 Appointed Audit Officer of ADR

(Note 1) Former ADR merged with NRI as of March 1, 2010.

(Note 2) The asset management company has absorbed Pacific Residential Corporation as of March 1, 2010.

(Note 3) Investment corporation outsources asset management, custody, administration, etc. in accordance to the law "Act on Investment Trusts and Investment Corporations". ADR has a board of directors consisting of executive director and supervisory officers, but legally prohibited to employ employees.

The ITOCHU Collaboration

ADR will achieve its basic strategy through multi-dimensional support such as the provision of properties, the sourcing of property information and property management by optimally applying the strong business foundation of the ITOCHU Group and its support companies.

ITOCHU Support

Collaboration with the ITOCHU Group
Acquisition of Properties from ITOCHU Support Line Companies

ADR and its asset management company are fully utilizing ITOCHU support line companies to enable steady growth over the medium to long term. Thereby securing a preferential opportunity to acquire properties (note) that have been planned and developed by ITOCHU support line companies boasting a wealth of experience in developing for-sale condominiums.

(Note) Properties include properties planned and developed by ITOCHU support line companies or by SPCs where ITOCHU support line companies are the asset managers or have equity interests as a silent partner.

  • We are convinced that this will enable ADR to secure opportunities to acquire new properties of sustained quality based on the condominium development know-how of ITOCHU support line companies.
  • In addition to increasing the development of properties that meet the investment policy of ADR, we believe that the exchange of information on the rental market, and debate on and examination of the commercial viability of rental housing issued between the asset manager and ITOCHU support line companies will generate even more opportunities for ADR to acquire properties.

Structure