Full Description

Saizen Real Estate Investment Trust (Saizen REIT) is a Singapore-based real estate investment trust (REIT) established with the principal investment objective of investing in a portfolio of real estate located in Japan, which is used primarily for residential and residential-related purposes, and real estate-related assets. As of September 22, 2009, Saizen REIT’s portfolio consisted of 164 residential properties located over 13 regional cities in Japan. Its portfolio consists predominantly of residential units, with some commercial elements in the form of office and retail units located in the property’s lower floors. The portfolio also has a number of car parking spaces, including tower parking facilities. As of June 30, 2009, the property portfolio of Saizen REIT consisted of 5,997 residential units and 114 commercial units, of which 5,543 residential units and 92 commercial units were occupied. In September 2009, it completed the divestment of Crestage Tayacho and Legions Yunokawa.