Japan Rental Housing Investments $309 million share offer

Overview:

• Japan Rental Housing Investments has listed $309 million of new shares on the Tokyo Stock Exchange.
• The shares were sold in the US under Rule 144A/Reg S.
• Japan Rental Housing Investments is a Japan real estate investment trust (J-REIT) and a portfolio company of Oaktree.
• The deal is the first private equity exit of a J-REIT undertaken via a global share offer.
• Sumitomo Mitsui Banking Corporation, Morgan Stanley, Bank of America Merrill Lynch and Daiwa Capital Markets Europe acted as underwriters.

Sam Duke - Editor