A practical guide to Engineering Reports in Japanese commercial real estate, including building condition, capital expenditure, earthquake risk, PML and how technical due diligence affects investment decisions.
Understand commercial real estate lease structures in Japan, including ordinary leases, fixed-term leases, master leases, rent structures and key considerations for foreign investors.
Price, Terms, Execution Certainty and the Practical Dynamics of Buying Japanese Commercial Property Introduction A foreign investor identifies an attractive commercial real estate opportunity in Japan. The underwriting works. The investment team likes the property. The seller has indicated a price. The next question appears simple: How much should we offer? But institutional real estate … Read more
From Bid and Exclusivity to Due Diligence, SPA, Financing and Closing Introduction A foreign investor finds an attractive commercial real estate opportunity in Japan. The investment team reviews the teaser. The numbers work. The property fits the mandate. The investor submits a Letter of Intent. Then what happens? This is where a real estate opportunity … Read more
Learn how foreign investors evaluate commercial real estate deals in Japan, including underwriting, financing, due diligence, exit assumptions and investment committee decisions.
From Brokers and Developers to Asset Managers, Direct Relationships and Off-Market Opportunities Introduction A foreign investor entering Japan may begin with a seemingly simple question: Where can I find commercial real estate for sale? In many countries, the natural instinct is to search an online marketplace, review available properties and contact the seller or broker. … Read more
From Sourcing and Financing to Due Diligence, Closing and Property Management Introduction Buying commercial real estate in Japan is rarely a transaction between only a buyer and a seller. A single acquisition may involve: Broker Developer Asset manager Lender Lawyer Tax adviser Accountant Appraiser Technical consultant Insurance adviser SPC administrator Property manager Operator For an … Read more
A Practical Guide to Tax Advisers, Accountants and Fund Administration Providers for Foreign Real Estate Investors Introduction Tax and accounting are fundamental parts of commercial real estate investment in Japan. A foreign investor may initially focus on: Finding a property Negotiating the purchase price Arranging financing Conducting legal due diligence Reviewing the Engineering Report Obtaining … Read more
A Practical Guide to Property Insurance, Earthquake Coverage and Insurance Brokers for Real Estate Investors in Japan Introduction Insurance is an important but sometimes overlooked part of commercial real estate investment in Japan. An investor may spend considerable time analyzing: But after acquiring the property, the investor also needs to consider: What happens if something … Read more
A Practical Guide to Engineering Reports, Building Condition Surveys and Technical Due Diligence for Commercial Real Estate Investors Introduction Buying commercial real estate in Japan involves more than reviewing the purchase price, rent roll and legal documentation. Investors also need to understand the physical condition of the property. Questions may include: These issues are commonly … Read more