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SRM currently operates a total of six real estate funds. One of these has been directly incorporated into foreign investment funds to which Simplex Asset Management Co., Ltd., a Simplex group company, acts as investment advisor. Taking advantage of opportunities in the Japanese property market, and using a diversified investment strategy to minimize cash-flow fluctuation risk, these funds offer high-stability and excellent yields.
- For Fund Investor
Currently Operated Funds
[ Pre-REIT II ]
Established in October 2004, this fund is set for redemption in May 2010. The fund targets mainly office buildings, but also features commercial facilities, hotels, and other properties. The investments are diversified primarily over several of Japan’s largest cities, including their metropolitan areas, including Tokyo, Osaka, Nagoya, and Fukuoka - focusing on location and projected profitability. This diversification strategy serves to minimize cash flow fluctuation risk and enhance the merits of the portfolio in the same manner as the preceding Pre-REIT Fund I .
[ Pre-REIT III ]
Launched in April 2005, this fund is scheduled for redemption in January 2009. The investments in this fund are mostly office buildings located in the Tokyo metropolitan area and other government-designated metropolises, as well as major cities around the country that have populations of 300,000 or higher. The fund seeks to achieve long-term, stable revenues by focusing on income-earning real estate including retailer space, in convenient high-traffic locations, particularly those in proximity to train stations.
[ Pre-REIT IV ]
Pre-REIT IV was established in September 2007 and is slated for redemption in August 2011. It focuses mainly on offices buildings located in the Tokyo metropolitan area and other government-designated metropolises, plus other major cities around Japan. Like Pre-REIT III, it also is concerned primarily with income-earning real estate including storefronts.
[ SIA Pre-REIT I ]
Launched in November 2004, this fund will be up for redemption in June 2009. The fundamental goal of this fund is stable cash flow via a portfolio of office buildings around the country.
[ Marvelous II ]
Marvelous II was established in December 2006 and is due for redemption in June 2009. The main goal of this fund is also to achieve stable cash flow with a portfolio of office buildings located mainly in the Tokyo metropolitan area.
[ Marvelous III ]
Marvelous III was launched in March 2007 and will be up for redemption in January 2011. With a portfolio of office buildings around Japan, the goal of this fund is stable cash flow.
Past Performance - Redeemed Funds
[ Pre-REIT I ]
Established in January 2003, this was SRM’s first private fund to be redeemed. Pre-REIT I comprised primarily small and mediums-sized office buildings around Japan, which were relatively inexpensive at the time the fund was established. Due to ample liquidity in the market, which meant extremely low risk of cash flow fluctuation, it yielded excellent performance.
[ Marvelous I (Residential Fund) ]
Marvelous I, established in September 2005, was SRM’s first residential property fund. It was redeemed early in October 2007. Though this portfolio, which focused on operating rental apartment buildings in the metropolitan area, was less volatile compared with office rental building portfolios, forecasts indicated that cash flow would not improve, leading to the decision to push back the original redemption date of January 2010.
[ SIA Pre-REIT II ]
This fund was launched in May 2004, and redeemed in December 2007. The portfolio consisted largely of office buildings around Japan. It yielded stable cash flow and outstanding performance, partly due to the momentum of favorable real estate market conditions of the time.