Investor Presentaiton
2 Trends in the Property Acquisition Market
NBF
Mapen Building Fund
Acquisitions of Assets by J-REITS
(billion yen)
1,000
Office
Housing
■Retail
800
Logistics
Hotels
Other
600
400
200
0
2012
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2010
2011
2013
2016
Source: Compiled by asset management company from data published by various companies
Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2014
2015
Benchmark Yields for Office Buildings in Prime Areas
4.0%
3.5%
3.5% 3.5% 3.5% 3.5%
3.4% 3.4% 3.4% 3.4% 3.4%
3.0%
3.3% 3.3% 3.3% 3.3% 3.3%
3.3%
3.2%
3.0% 2.9%
2.8% 2.8%
2.0%
'06.6 '06.12 '07.6 '07.12 '08.6 '08.12 '09.6 '09.12 '10.6 '10.12 '11.6 '11.12 '12.6 '12.12 '13.6 '13.12 '14.6 '14.12 '15.6 '15.12 '16.6
Office buildings in prime areas: Properties in Marunouchi, Otemachi in Chiyoda-ku, and Nihonbashi in Chuo-ku that are at least five years old
with 20,000 tsubo or more and have standard floor space of 500 tsubo or more.
Benchmark yield (net cash flow basis): Yield by application and region based on capitalization rates assessed by Japan Real Estate Institute.
Source: Compiled by asset management company from data published by Japan Real Estate Institute
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