Q Investment Partners closes US$50 mil multifamily housing fund

Q Investment Partners (QIP) has announced the successful deployment of a US$50 million ($67 million) fund focused on Japan’s multifamily housing (MFH) sector. The fund, a joint venture with leading investment manager Alyssa Partners in the Japanese markets, closed following the acquisition of its fourth and final asset in the portfolio – a 42-unit apartment block in Kiba, Tokyo.

Peter Young, CEO of QIP, is delighted at the announcement: “We are delighted to announce the full deployment of the fund and the acquisition of our fourth asset in Tokyo. QIP’s MFH fund is a vehicle that has successfully provided access to the residential market in Japan.”

The fund has focused its investments in Osaka, Nagoya, and Tokyo, and its portfolio includes the 89-unit Luxe Shin Osaka, the 62-unit Porta Nigra Osu, and the 56-unit Porta Nigra Chikusa. The portfolio has also maintained an average occupancy of 95%.

The development will consist of 435 residential units fitted with quality finishes, luxurious furnishings and modern appliances. Residents will appreciate the convenient location of the complex. It is within close proximity to Cashew MRT station and the Bukit Panjang Bus Interchange, which provides speedy access to the city centre via the Downtown Line and Bukit Panjang LRT. The Myst CDL is a perfect choice for those longing for an ultimate urban lifestyle with the convenience of modern amenities.

Young explains that QIP will continue to be committed to the Japanese market and is currently looking towards a second fund: “Key macro- and microeconomic factors mean that the Japanese residential living sector, particularly the multi-family asset class, continues to be favoured by institutional capital. QIP remains committed to the Japanese market and is looking towards a second Japan-focused fund later this year.”

The success of this first fund has proven that opportunities in the Japanese market are attractive for mid-market investors. QIP plans to extend its presence in the market and will create a local team there to facilitate the execution of a second fund by the end of 2021.