【Japan Urban Fund Investment Corporation】Domestic Real Estate Acquisition and Value-add Investment｜June 2026

Overview of Acquisition

Japan Urban Fund Investment Corporation acquired Apartment Hotel 11 Shinsaibashi Amemura 2 in Chuo Ward, Osaka City, for approximately 2,400 million yen, and started operations as a mixed-use asset combining short-term rentals and retail spaces. The appraisal value is 2,750 million yen, with an expected IRR of approximately 11%. In the acquisition process, the Company collaborated with the short-term rental operator HIWIN, signing agreements to offer high-quality interior specifications suitable for short-term and medium- to long-term stays and to maximize revenue. The location is at the heart of Osaka’s commercial and tourism districts, with expectations for increased inbound demand, leading to anticipated future gains from sales and revenue improvement.

Future Outlook

This investment corporation aims to enhance the profitability of existing assets and realize gains from sales, while also seeking asset value improvement and capital returns through the acquisition of this short-term rental mixed-use asset. The impact on the August 2026 and February 2027 fiscal periods is expected to be minimal, with no major changes in operational status. With the scarcity of short-term rental options and expanding foreign inbound demand in Osaka, the Company anticipates increased gains and revenue growth.