Announced
Financials
Sources
Tags
Public
Japan
Pending
Single Bidder
rental apartments
Real Estate Services
Private Equity
Acquisition
Cross Border
rental properties
real estae
Minority
Friendly
Synopsis
Fortress Investment Group, an investment fund, agreed to invest $540m in Leoplace21, a real estate rental services provider. The investment by Fortress comes as Leopalace21, which leases affordable apartment units for their owners. Leopalace21’s balance sheet had been squeezed by costs relating to repairing apartment buildings and falling rental income due to weaker demand due to the from the outbreak of the coronavirus.
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