Investor Presentaiton
Value-Add Asset Breakdown (1)
162 Assets, JPY 219.4B, Forecast NOI JPY 13.9B (6.2% Book Value Yield)
No.
Asset Type
Classification
Location
Acquisition
Price
Acquisition Building
Date
Age
Expected
NOI/Year
Ichigo Equity
Investment
1
Wholesale Market
Fixed Asset
Matsudo, Chiba
JPY 2B-3B
2005/06
46 years
2
Retail
Real Estate for Sale
Minato-ku, Tokyo
JPY 2B-3B
2005/10
49 years
3
Retail
Fixed Asset
Minato-ku, Tokyo
≥ JPY 3B
2006/03
33 years
JPY 73M
JPY 144M
JPY 192M
JPY 1,900M
JPY 1,033M
JPY 1,356M
4
Retail
Fixed Asset
Yokohama
JPY 1B-2B
2006/09
14 years
5
Office
Fixed Asset
Sendai
≥JPY 3B
2006/10
10 years
6
Office
Fixed Asset
Fukuoka
≥ JPY 3B
2006/12
10 years
JPY 78M
JPY 317M
JPY 414M
JPY 1,157M
JPY 1,042M
JPY 1,339M
10
Retail
Fixed Asset
Chiyoda-ku, Tokyo
<JPY 1B
2007/06
39 years
11
Retail
Fixed Asset
Chiyoda-ku, Tokyo
<JPY 1B
2007/06
37 years
JPY 83M
JPY 126M
JPY 240M
JPY 233M
14
Ground Lease
Fixed Asset
Atsugi, Kanagawa
JPY 1B-2B
2011/06
15
Mixed (Office/Retail)
Fixed Asset
16
Retail
Real Estate for Sale
Hiratsuka, Kanagawa
Yokohama
<JPY 1B
2012/02
23 years
<JPY 1B
2012/10
17
Retail
Fixed Asset
Toshima-ku, Tokyo
≥JPY 3B
2013/03
18
Retail
Fixed Asset
Shibuya-ku, Tokyo
<JPY 1B
19
Mixed (Office/Retail)
Fixed Asset
24
21
Residence
Fixed Asset
Chofu, Tokyo
Minato-ku, Tokyo
JPY 1B-2B
<JPY 1B
2013/05
2013/06
2013/06
5 years
8
years
32 years
33 years
3 years
JPY 175M
JPY 85M
JPY 30M
JPY 235M
JPY 47M
JPY 127M
JPY 47M
JPY 147M
JPY 172M
JPY 171M
JPY 340M
JPY 154M
JPY 310M
JPY 203M
Forecast Equity
Forecast
Multiple¹
IRR²
☐
I
I
| | | | | |
1 Forecast Equity Multiple is based on the business plan of each asset and is the forecast sum of rental income and gains on sale divided by Ichigo Investment.
2 Forecast IRR is the forecast internal rate of return based on each asset's actual cash flow. The total Forecast Equity Multiple and Forecast IRR are for Real Estate
for Sale assets acquired from FY15/2 onward and exclude Fixed Assets.
一期一会|
ICHIGO
O Ichigo Inc. All rights reserved.
54View entire presentation