RCA in the News

U.S. Pension Giant Eyes Japan Property in Economic Sweet Spot

Bloomberg / June 14th, 2017

Bloomberg reports: U.S. pension giant TIAA is setting its sights on Japanese real estate, betting Abenomics has the economy well placed to grow in coming years. The near 100-year-old firm, known for offering retirement products to teachers, plans to invest about $1 billion in retail and logistic sites in Tokyo and Osaka, Shusaku Watanabe, director of capital transactions for Asia Pacific at its property unit TH Real Estate, said in an interview on Monday.

The near 100-year-old firm, known for offering retirement products to teachers, plans to invest about $1 billion in retail and logistic sites in Tokyo and Osaka, Shusaku Watanabe, director of capital transactions for Asia Pacific at its property unit TH Real Estate, said in an interview on Monday.

TIAA, which oversees $938 billion, joins a growing list of international investors snapping up Japan properties on expectations Prime Minister Shinzo Abe’s reforms will boost economic growth. M&G Real Estate, the property investment arm of London-based Prudential Plc last month said it’s looking for offices, logistic centers and apartment buildings in Tokyo, while U.S.-based PGIM Real Estate has acquired $1 billion of assets in Japan in the past year.

View the full article on Bloomberg: US Pension Giant TIAA Plans $1B Investment in Japan Real Estate