Fundamental Policies
Fundamental Principles
Based on stable investment mostly concentrated in office buildings that generate a stable cash flow and in hotels with growth potential over the midium and long term, MORI TRUST REIT invests with the aim of earning stable income gains and steadily growing portfolio.
Investment Policies
Concentrate investment in high-quality assets with a focus on asset potential, which is the essential value of real estate
Use of investment
MORI TRUST REIT pursues both stability and growth potential using offices that create stable cash flow and hotels having growth potential as core assets.
| Core assets | Office | 40 - 80% |
|---|---|---|
| Hotels | 20 - 55% | |
| Other (Retail facilities, Residential) | Up to 30% | |
Area of investment
Promoting stable investment over the medium and long term with focus on office buildings in the Central Tokyo and on hotels located in "major cities in Japan" and "famous tourist areas" as an area where the stable attraction of customers can be expected in the future.
| Office | |
|---|---|
| Central Tokyo | 60% or more |
| Other (metropolitan area, ordinance-designated cities, etc.) |
Up to 40% |
| Hotels |
|---|
| Major cities in Japan |
| Famous tourist areas |
| ※ | No investment ratio for hotels are set for the individual investment area |
|---|
Minimum amount of investment per unit of investment property
| Use (area category) | Minimum investment value | |
|---|---|---|
| Office | Central Tokyo | 5 billion yen in principle |
| Other | 3 billion yen in principle | |
| Hotels | 1 billion yen in principle | |
| Retail facilities | 3 billion yen in principle | |
| (Note) | Use of investment, Area of investment, Minimum amount of investment per unit of investment property are calculated by an anticipated acquisition price |
|---|
Hotel investment target (grade)
MORI TRUST REIT categorizes the grade of investment real estate into six types: "luxury," "upper upscale," "upscale" "upper midscale" "midscale" and "economy." It invests in the top four categories in a focused manner.
Focused investment targets
| Luxury | Guestroom area： 40㎡- ADR： 40,000 yen - |
| Upper upscale | Guestroom area：30 - 40㎡ ADR： 30,000 - 40,000 yen |
| Upscale | Guestroom area：20 - 30㎡ ADR： 20,000 - 30,000 yen |
| Upper midscale | Guestroom area： 15 - 20㎡ ADR： 10,000 - 20,000 yen |
| Midscale | Guestroom area：10~15㎡ ADR： - 10,000 yen |
| Economy | Guestroom area： - 10㎡ ADR： - 10,000 yen |