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Products July 7, 2011
Japanese REIT Announces Asset Manager Merger
July 7, 2011 (PLANSPONSOR.com) – A Japanese office building real estate investment trust (J-REIT) has announced the merger of its asset management provider with other firms.
Reported by Rebecca Moore
Nomura Real Estate Office Fund, Inc. announced that Nomura Real Estate Asset Management Co., Ltd. (NREAM), a licensed investment trust management company retained by the fund to provide asset management services, has decided to merge with Nomura Real Estate Investment Management Co., Ltd. (NREIM) and Nomura Real Estate Capital Management Co., Ltd. (NRECM).
The merger will be an absorption-type merger under which NREAM will remain the surviving company and NREIM and NRECM will be dissolved as the absorbed company.
According to the announcement, through the merger of the real estate management related business operated by the three companies, NREAM will be able to integrate the human resources and expertise regarding asset management that was dispersed within the Nomura Real Estate Group and are also able to further enhance the ability to gather property information through the expansion of the managing asset size, expand on investment opportunities, and further improve their management ability.