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The Finance Group offers a leading real estate team in Tokyo that represents lenders, borrowers, opportunity funds and other investors in a wide range of finance, joint venture, acquisition and development transactions. It is also one of the few groups that has been active in the formation of, and offering of interests in, J-REITs.

Transactions handled by the real estate team over the last year include:

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• Represented a joint venture between two opportunity funds in their ¥23.75 billion ($215.9 million) acquisition and tokutei mokuteki kaisha (TMK) financing of a property in Tokyo, which will be redeveloped into a 23 story mixed-use building to include office and retail space.

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• Represented an international investment bank in providing a ¥40 billion ($363.6 million) secured credit facility to a U.S. based non-bank financial institution to fund its lending activities in Japan.

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• Represented an international opportunity fund in a ¥5 billion ($45.5 million) TMK restructuring and refinancing of several commercial properties located in Japan.

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• Represented an international opportunity fund in its ¥5.5 billion ($50 million) acquisition and TMK financing of a commercial property in Tokyo.

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• Represented a U.S.-based investment bank in a $325 million credit facility extended to a global opportunity fund and secured by multiple performing and non-performing assets located in Japan. Represented an institutional lender in providing ¥4.7 billion ($42.7 million) in acquisition financing in connection with the acquisition of 3 residential buildings located in Japan.

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• Represented an institutional lender in providing ¥7 billion ($63.6 million) in construction financing for a Tokyo development project.

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• Represented a German open-ended property fund in a range of TMK investments in Japan.

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• Represented an institutional lender in a non-recourse loan extended to a Japanese residential developer and secured by residential properties located in Japan.

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• Represented a Japanese real estate investment company in the acquisition of a number of commercial properties located in central Tokyo.

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• Represented a Japanese regional bank in the transfer of its real estate assets to a newly established subsidiary in the form of a contribution in kind.