Business
Focus on Mid-Size Real Estate
Focus on Mid-Size Real Estate
Ichigo's focus is on mid-size assets. More than 90% of real estate in Japan is considered mid-size (total floor area less than 5,000 m2), making the market for such assets relatively liquid. With 95% of domestic companies having fewer than 50 employees, there is also a considerable pool of potential tenants for these assets that spans a wide range of industries.
The asset class is mainly owned by wealthy individuals and small companies, who in many cases have neglected to invest in buildings as they have aged. The result is that tenants are often dissatisfied with the facilities or the seismic-resistance of the buildings. Therefore, mid-size assets offer large value-add potential.
Ichigo's competitive strength is our value-add capabilities, allowing us to purchase mid-size assets with an understanding of what improvements can be profitably implemented.
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Breakdown of Buildings in Japan by Floor Area（㎡）
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Breakdown of Companies by Number of Employees
