Goldman Sachs Group Inc Secures Three Properties For New Japan REIT-Reuters

Reuters reported that Goldman Sachs Group Inc has secured three properties in Tokyo for JPY25 billion ($313 million) as its asset management unit prepares to set up a private real estate investment trust (REIT). The private REIT, which will be the first set up by a foreign financial institution in Japan when it is launched next month, will start with JPY13 billion ($162.6 million) in cash, equivalent to about half the combined value of the three properties.