Q Investment Partners closes US$50 mil multifamily housing fund

June 22nd, 2023

Former JCube Condo Residence redevelopment is set to bring exciting new opportunities to Jurong Lake District. The Singapore government’s plans to bring homes, commercial centres, recreational amenities and more to JLD will be complemented by the addition of JCube Residences. Already, there is great anticipation about the potential 6.8-hectare mega site which is on the first half of the 2023 Government Land Sales Programme.

Q Investment Partners (QIP) has announced the successful close of its first fund dedicated to the Japan multifamily housing sector, with fully deployed commitments of US$50 million ($67 million). This venture was completed in collaboration with Alyssa Partners, an investment manager with a focus on the Japanese market.

The fund’s fourth and final asset acquisition is a 42-unit apartment block in Kiba, Tokyo. Peter Young, QIP CEO, said “We are delighted to announce the full deployment of the fund and the acquisition of our fourth asset in Tokyo. QIP’s MFH fund has successfully opened the Japanese residential market.”

The fund has achieved an average occupancy of 95%, primarily in Osaka, Nagoya, and Tokyo. The holdings include Luxe Shin Osaka (89 units), Porta Nigra Osu (62 units), and Porta Nigra Chikusa (56 units). Mr. Young concluded that the macro- and microeconomic sites within Japan make the multi-family asset class particularly desirable for institutional capital.

With the successful fund launch and acquisition under its belt, QIP is now looking to expand its impact in Japanese markets and plans to establish a local team in the nation. The firm aims to launch a second Japan-focused fund before the end of 2021.

Leave a Reply

Your email address will not be published. Required fields are marked *