June 23, 2017 Comments Off on CBRE Global Investors, Universal-Investment Acquire 39-Property Portfolio for BVK Views: 722 California, National News, West

CBRE Global Investors, Universal-Investment Acquire 39-Property Portfolio for BVK

Los Angeles-based CBRE Global Investors and German investment company Universal-Investment acquired a 39-property portfolio, with more than 1,500 residential units in Japan. The acquisition was made on behalf of Bayerische Versorgungskammer (BVK), one of Germany’s largest institutional investors.

The portfolio is geographically well-diversified across Japan, and is expected to provide long-term stable performance. The assets have a blended occupancy of more than 90%, and are primarily located in Greater Tokyo and other economically vibrant cities, such as Osaka, Sapporo and Fukuoka.

CBRE Global Investors’ Michael Pierce says, “The quality and composition of this portfolio make it uniquely well-positioned to outperform the broader market during our projected long-term investment period.”

It is one of the largest acquisitions CBRE Global Investors has made globally, and is the third investment in Japan and fifth in Asia jointly executed with CBRE Global Investors for the BVK account.

Read more at CBRE Global Investors

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