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.
|Name||Advance Residence Investment Corporation|
|Representaive||Executive Director Wataru Higuchi|
|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
|Major share holders of Asset manager||ITOCHU Corporation ITOCHU Property Development, Ltd.|
|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.|
Executive Director Wataru Higuchi(male)
|Oct. 1993||Registered as assistant certified public accountant|
|Oct. 1993||Joined Tohmatsu & Co.|
|Apr. 1997||Registered as certified public accountant|
|Apr. 2001||Enrolled in the Judicial Research and Training Institute|
|Oct. 2002||Registered as an attorney|
|Oct. 2002||Joined Seiwameitetsu Law Office|
|Oct. 2007||Appointed partner|
|Aug. 2012||Registered as a certified fraud examiner|
|Jun. 2016||Appointed outside director (audit, etc. officer) of Marubeni Construction
Material Lease Co., Ltd. (currently service)
|Oct. 2018||Appointed representative partner of Ootemon Law Office (currently serving)|
|Jun. 2019||Appointed outside audit of Organo Corporation (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.
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.