Starting in 2003, STB Research Institute Co., Ltd. has conducted the "Survey on Privately Placed Real Estate Funds" as part of its research activities concerning real estate investment markets. Based on the results of this survey, hearings and published information, we estimated the market size of privately placed real estate funds (on invested asset basis) as of the end of June 2011 to be 15.9 trillion yen.
[ released August 26, 2011 ]
Based on the responses to this survey, hearings and published information, we estimated the market size of privately placed real estate funds as of the end of June 2011 to be 15.9 trillion yen (on an invested asset basis), which increased approximately 180 billion yen (1.2%) over a six-month period from the 15.7 trillion yen of the previous January 2011 survey. In this survey, some managers appeared to have decreased their assets under management by selling property, while others increased their assets by acquiring new property in light of further improvement in the debt financing environment. As a result, overall assets under management increased slightly.
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