2002 - We launched our first commingled fund, one of the first blind pool real estate funds in Japan, which targeted residential properties in the greater Tokyo area with a core strategy. Our fund management business began here.
With our roots in development, our strength is in our long-standing expertise in real estate. We have launched various strategies, through client-oriented and demand driven mindset, utilizing the strengths of Nomura Real Estate Group. This experience and strength is the source of our management capabilities.
Since the late 90s, Nomura Real Estate Group has been a front-runner in the real estate investment management industry in Japan.
Late 1990sLaunches Asset Management Business
Begins residential land development business utilizing the Specified Joint Real Estate Venture Act
Begins JV investment into domestic office buildings with overseas investors
2001Launches Private Fund Business
Establishes first commingled fund
Prime Urban Residential Fund
Establishes first opportunistic fund
Japan Real Estate Opportunity Fund
2003Launches REIT Business
Nomura Real Estate Office Fund
lists on Tokyo Stock Exchange
Establishes office building fund
2006Launches Indirect Investment Business
Establishes European fund of funds
Establishes first CMBS fund
Establishes multiple commingled funds in industrial and retail sectors
Launches discretionary investment management business
Nomura Real Estate Residential Fund
lists on Tokyo Stock Exchange following
industy-first approval to manage multiple J-REITs
Establishes first value-added fund
Establishes suburban retail facility fund
Establishes domestic real estate debt fund
Establishes Nomura Real Estate Private Fund
the first nonlisted REIT in Japan
Establishes US/European fund of funds
Nomura Real Estate Master Fund
lists on Tokyo Stock Exchange
2015Launches J-REIT Mutual Fund
Investment Advisory Business
Merges existing REITs to form
Nomura Real Estate Master Fund
Launches J-REIT mutual fund investment advisory business
Establishes first healthcare fund
Establishes sustainability policy
Establishes value chain strategy with Nomura Real Estate Group
2016Launches Private Placement Business
Merges Top REIT with
Nomura Real Estate Master Fund
Begins private placement of overseas funds
Establishes Global Core Fund of Funds
Becomes signatory to PRI and UNEP FI
Nomura Real Estate Master Fund changes fund logo
Joined Japan Climate Initiative (JCI)
Nomura Real Estate Master Fund becomes GRESB 2018 Global sector leader in Listed Diversified sector
Nomura Real estate Private Fund becomes GRESB 2018 Asia sector leader in the Nonlisted Diversified sector
Nomura Real Estate Master Fund AUM surpasses 1 trillion yen
Nomura Real Estate Master Fund is included
in MSCI Japan ESG Select Leaders Index
Nomura Real Estate Master Fund issues its first green bond
May 2019 Signed the "United Nations Global Compact"
Nomura Real Estate Holdings, Inc
*Nomura Real Estate Group was registered as a participating company, and Nomura Real Estate Asset Management Co., Ltd. also participated as a member of the Nomura Real Estate Group.
Becomes a signatory to PFA21
Certification and registration of the "Nomura Real Estate Master Fund. Inc." Environmental Management System (EMS) Eco Action 21
Received the Fiscal 2019 Principles of Financial Action in the 21st Century, Minister of the Environment Award
Declaring support for TCFD (Task Force on Climate-related Financial Disclosures) Recommendations
November 2020 Approval for SBTi (Science Based Targets Initiative) acquired
Nomura Real Estate Holdings, Inc.
*Nomura Real Estate Group was registered as a participating company, and Nomura Real Estate Asset Management Co., Ltd. also participated as a member of the Nomura Real Estate Group.
Certification and registration of the "Nomura Real Estate Private REIT, Inc." Environmental Management System (EMS) Eco Action 21
Received the FY2021 Environment Minister's Award for Climate Change Action.
Nomura Real Estate Master Fund, Inc.
and Nomura Real Estate Private REIT, Inc.
Received the Environmental Management System (EMS)
Eco Action 21 Of The Year 2022 (Social Section)
Bronze Award
Received the "5th EcoPro Awards Award of Excellence"
Establishes first commingled fund Prime Urban Residential Fund
2002 - We launched our first commingled fund, one of the first blind pool real estate funds in Japan, which targeted residential properties in the greater Tokyo area with a core strategy. Our fund management business began here.
Establishes first opportunistic fund Japan Real Estate Opportunity Fund
Jul 2002 - We launched Japan Real Estate Opportunity Fund (JOFI), the first real estate fund in Japan with an opportunistic strategy. We were able to provide investors with new private real estate investment opportunities when opportunistic strategies were still a new concept in Japan.
Nomura Real Estate Office Fund lists on Tokyo Stock Exchange
Dec 2003 - Our first J-REIT, Nomura Real Estate Office Fund, successfully completed IPO and listed on the Tokyo Exchange. In the 12 years since inception, until the merger in 2015, the portfolio grew to include 55 properties and an AUM of 440 billion yen as an office sector specific fund.
Establishes European fund of funds
Mar 2006 - We launched our first commingled fund of funds which invested in overseas private real estate funds. With a strategy to invest in European real estate funds, we were able to provide our investors with a new product to diversify their portfolio into overseas investments.
Launches discretionary investment management business
Jul 2006 - We became the first real estate affiliated investment management company to obtained a license to manage discretionary investment accounts, which allowed us not only to expand our fund business, but to also manage discretionary investment management accounts for domestic institutional investors.
Nomura Real Estate Residential Fund lists on Tokyo Stock Exchange following industy-first approval to manage multiple J-REITs
Feb 2007 - Following the industry-first approval to manage multiple J-REITs in 2006, we listed our second J-REIT, Nomura Real Estate Residential Fund. In the 8 years until the merger in 2015, the portfolio grew to include 155 properties and an AUM of 170 billion yen as a residential sector specific fund.
Establishes domestic real estate debt fund
Mar 2009 - We established a debt fund backed by domestic real estate non-recourse loans. Up to that point, debt funds were generally sourced through loan servicers but we were able to establish a debt fund directly, backed by S class prime real estate, an industry first.
Establishes Nomura Real Estate Private Fund, first nonlisted REIT in Japan
Nov 2010 - We established the first nonlisted REIT in Japan, a diversified nonlisted open-ended fund, which launched with a seed portfolio consisted of five properties and an AUM of 20 billion yen. The fund has contributed to the creation and expansion of the private REIT market as an industry front-runner.
Nomura Real Estate Master Fund lists on Tokyo Stock Exchange
Jun 2013 - We listed our third J-REIT, which was the largest J-REIT portfolio to list on the Tokyo Stock Exchange. In the 3 years until the merger in 2015, the portfolio grew to include 57 properties and an AUM of 290 billion yen as an industrial and retail sector specific fund.
Launches J-REIT mutual fund investment advisory business
Jun 2015 - We became the first real estate investment management company in Japan to provide investment advisory services to a J-REIT mutual fund, creating new investment opportunities for investors through our ability to analyze real estate value.
Merges existing REITs to form Nomura Real Estate Master Fund
Oct 2015 - We merged our three sector specific listed J-REITs, Nomura Real Estate Office Fund, Nomura Real Estate Residential Fund and Nomura Real Estate Master Fund, to form a new diversified J-REIT. A multi sector specific J-REIT merger was a first in the industry, launching under Nomura Real Estate Master Fund 257 properties (AUM \780 bln) as one of the largest REITs in Japan.
Begins private placement of overseas funds
2016 - We executed a private placement agreement with overseas private real estate funds and began introducing the funds to Japanese institutional investors. We are able to provide our investors with a global opportunity to diversify investments through our placement of US / European funds in a variety of strategies.
Establishes Global Core Fund of Funds
2016 - We established our first open-ened fund of funds, which invests in overseas core real estate funds. Our investors are able to invest from a relatively small amount and diversify geography and sector.
Merges Top REIT with Nomura Real Estate Master Fund
Sep 2016 - Nomura Real Estate Master Fund merged Top REIT's portfolio into the fund to build a portfolio with prime assets and to reduce risk through further diversification and scale.
Our strength in real estate investment lies in our expertise specializing in real estate as part of the Nomura Real Estate Development.
Real estate specialistsOur People
All employees are seconded from Nomura Real Estate Development, allowing us to leverage various real estate related business experiences
Industry front-runnerGrowth Mindset
One of Nomura Real Estate Group's strengths is in taking on new challenges, which we continue to set forth in our investment management
Sustainable societyESG Initiatives
Nomura Real Estate GroupLeasing Value Chain
Independent analysisMarket Research
Over 20 yearsMarket Experience
Assets under managementOver 1.7 trillion yen
Various investment opportunitiesOur Products
Utilizing the unique capabilities we have at Nomura Real Estate Asset Management as an industry pioneer, we will continue to deliver real estate that capture the needs of society. We believe that providing quality real estate will generate a happier society, economic growth, and ultimately lead to stable long-term returns and greater inflows into the investment market.
