HEIWA REAL ESTATE Asset Management CO., LTD. is the asset management company of HEIWA REAL ESTATE REIT, Inc., a J-REIT (Japan Real Estate Investment Trust).

Message from the President

HEIWA REAL ESTATE Asset Management CO., LTD. (the “Asset Management Company”) is the asset management company of HEIWA REAL ESTATE REIT, Inc. (the “Investment Corporation”), a J-REIT (Japan Real Estate Investment Trust).

On March 8, 2005, CRESCENDO Investment Corporation, predecessor of the Investment Corporation, listed its investment units on the J-REIT section of the Tokyo Stock Exchange. HEIWA REAL ESTATE CO., LTD. entered the J-REIT market following the change in sponsor during the global financial crisis triggered by the bankruptcy of Leman Brothers Holdings Inc. in the United States in 2008. The Investment Corporation established a foundation for the current portfolio through an absorption-type merger with Japan Single-residence REIT Inc. in 2010, and has been dramatically increasing its asset scale.

Since then, setting “Steady Growth & Sustainable Profit” as our motto, we have concentrated our investments on mid-sized offices and residences in prime investment areas centering on Tokyo’s 23 wards. We have steadily been credited for our achievements by actively implementing a number of measures, such as increasing asset scale by acquiring new assets and improving portfolio quality with proactive portfolio replacements, enhancing profitability by improving the asset value of existing properties through capital spending, and reducing costs.

In 2019, the 10-year milestone for entrance in the J-REIT market, we changed the structure of asset management fees and significantly increased the percentage of performance-linked fees by introducing the distribution-linked fees. We have also introduced mechanisms to link the interests of the unitholders and those of the HEIWA REAL ESTATE Group and its employees in a multi-layered way, including same-boat investment by the sponsor and the Asset Management Company and the cumulative investment system by the employees of the Asset Management Company.

We will achieve the Investment Corporation’s basic philosophy, “Steady Growth in Management Assets” and “Stable Medium- to Long- Term Profits,” and vigorously work toward the maximization of unitholder value with all officers and employees working together, always from the unitholders’ perspective.

Masanori Hirano

President & Representative Director
Masanori Hirano
Masanori Hirano

Philosophy

At Heiwa Real Estate Asset Management,
our mission is to play a role in the enduring growth of the J-REITmarket,
contributing to society and to the economy through our dedication and high aspirations.

Mission:PEACE

P

Priority

Our number one priority is to improve investor value.

E

Earning Trust

We work to ensure that our asset management services earn the trust of all of our stakeholders, including our investors, our tenants, and our financial institution partners.

A

Aggressiveness

We are a highly expert professional organization, engaged in aggressive, high-quality fund management that generates growing and stable profits with the assets under management.

C

Comfort

We provide comfortable spaces for urban life and other related services through investments and management of numerous profitable properties.

E

Ethics

We conduct our business under the highest ethical standards. We are committed to organization-wide compliance and transparency.

Profile

Corporate Name
HEIWA REAL ESTATE Asset Management CO., LTD.
Address
5-1 Nihonbashi-kabutocho, Chuo-ku, Tokyo, Japan 103-0026 MAP
Date of Establishment
March 24, 2000
Capital
¥ 295,575,000
Shareholders
Heiwa Real Estate Co., Ltd. 100%
Directors
President & Representative Director Masanori Hirano
April/1991
Joined HEIWA REAL ESTATE CO., LTD.
June/2010
Leasing Headquarters Building Development Group Leader, HEIWA REAL ESTATE CO., LTD.
June/2011
Leasing Headquarters Building Leasing Group Leader, HEIWA REAL ESTATE CO., LTD.
June/2012
General Manager, General Affairs and Planning Headquarters Planning Finance Group, HEIWA REALESTATE CO., LTD.
Director, Investment Management Division General Manager, and Real Estate Investment Department General Manager, Heiwa Real Estate Asset Management CO., LTD.
June/2015
Director, Business Planning Division General Manager, and Business Administration Department General Manager, Heiwa Real Estate Asset Management CO., LTD.
June/2018
Executive Managing Director, Business Planning Division General Manager, Heiwa Real Estate Asset Management CO., LTD.
June/2020
President & Representative Director, Heiwa Real Estate Asset Management CO., LTD. (present position)
Director, Business Planning Division General Manager Daisuke Kobayashi
April/1993
Joined HEIWA REAL ESTATE CO., LTD.
April/2010
Deputy General Manager of General Affairs Department and Investor Relationship Section, HEIWA REAL ESTATE CO., LTD.
June/2010
Deputy General Manager of Leasing Building Business Headquarters Business Group, HEIWA REAL ESTATE CO., LTD.
June/2012
General Affairs and Planning Headquarters Planning Finance Group General Manager, HEIWA REAL ESTATE CO., LTD.
June/2011
Deputy General Manager of Leasing Building Business Headquarters Sales Group, HEIWA REAL ESTATE CO., LTD.
June/2013
General Manager of Leasing Building Business Headquarters Nagoya Brunch, HEIWA REAL ESTATE CO., LTD.
June/2014
General Manager of Nagoya Branch, HEIWA REAL ESTATE CO., LTD.
June/2020
Director, Business Planning Division General Manager, Heiwa Real Estate Asset Management CO., LTD. (present position)
Director, Investment Management Division General Manager Yasutaka Watanabe
April/1989
Joined HEIWA REAL ESTATE CO., LTD.
January/2006
Deputy General Manager of Business Development Department, and General Manager of Asset Development Section, HEIWA REAL ESTATE CO., LTD.
July/2008
Deputy General Manager of Asset Development Department, HEIWA REAL ESTATE CO., LTD.
June/2010
Deputy General Manager of Real Estate Development Group, Development Business Division, HEIWA REAL ESTATE CO., LTD.
June/2011
Group Leader of Real Estate Development Group, Development Business Division, HEIWA REAL ESTATE CO., LTD.
June/2012
Deputy General Manager of Osaka Branch, HEIWA REAL ESTATE CO., LTD.
June/2018
Director, Investment Management Division General Manager, Heiwa Real Estate Asset Management CO., LTD. (present position)
Director (part-time) Tomoharu Nakao
April/1987
Joined Tokyo Stock Exchange
July/2006
General Manager of Corporate Headquarters , NIPPON PARKING DEVELOPMENT CO., LTD.
June/2009
Outside Corporate Auditor, HoriPro Inc.
October/2009
Director and General Manager of General Affairs Department, NIPPON PARKING DEVELOPMENT CO., LTD.
August/2011
General Manager of Planning & Finance Group, Corporate Planning Headquarters, HEIWA REAL ESTATE CO., LTD.
June/2013
Group Leader of Planning & Finance Group, Corporate Planning Headquarters, HEIWA REAL ESTATE CO., LTD.
June/2014
Executive Officer, General Manager of Corporate Planning and General Affairs
Department, HEIWA REAL ESTATE CO., LTD.
Director (part-time), Heiwa Healthcare Co., Ltd.
Director (part-time), HEIWA REAL ESTATE Asset Management CO., LTD.
November/2014
Executive Officer, Supervising Corporate Planning and General Affairs Department, HEIWA REAL ESTATE CO., LTD.
October/2016
Representative Director (part-time), The Consortium for Japan International Asset Management Center Promotion. (present position)
June/2018
Executive Officer, Corporate Planning and General Affairs Department (Corporate Planning) and Development Promotion Department (Planning), HEIWA REAL ESTATE CO., LTD.
June/2019
Director (part-time), The Organization of Global Financial City Tokyo. (present position)
December/2019
Director (part-time), Minsetsu, Inc. (present position)
January/2020
Director (part-time), HEIWA REAL ESTATE Asset Management CO., LTD. (present position)
June/2020
Director and Executive Officer, Office Building Development Department,
HEIWA REAL ESTATE CO., LTD. (present position)
Director (part-time), HEIWA REAL ESTATE Property Management CO., LTD.(present position)
Director (part-time) Nobuhiro Seo
April/1992
Joined HEIWA REAL ESTATE CO., LTD.
April/2009
Deputy General Manager of Office Building Development Department, HEIWA REAL ESTATE CO., LTD.
October/2009
Director of Canal Investment Trust Co., Ltd (Currently: Heiwa Real Estate Asset Management CO.,LTD)
June/2012
Deputy General Manager of Corporate Planning and General Affairs Department, General Affairs Group , HEIWA REAL ESTATE CO., LTD.
June/2013
Deputy General Manager of Corporate Planning and General Affairs Department, General Affairs Group Leader, HEIWA REAL ESTATE CO., LTD.
June/2014
Deputy General Manager of Corporate Planning and General Affairs Department, HEIWA REAL ESTATE CO., LTD.
November/2014
General Manager of Corporate Planning and General Affairs Department, HEIWA REAL ESTATE CO., LTD.
November/2016
General Manager of Corporate Planning and General Affairs Department and Legal Office, HEIWA REAL ESTATE CO., LTD
June/2020
Managing Officer, HEIWA REAL ESTATE CO., LTD (present position) Director(part-time), Heiwa Real Estate Asset Management CO., LTD. (present position)
Auditor (part-time) Shosaku Shimomura
April/1987
Joined Tokyo Stock Exchange
June/2010
Research Specialist and General Manager of Planning Division of Accounting Standards Board of Japan, Seconded to Financial Accounting Standards Foundation
June/2012
Director of Participant Examination and Inspection Department, Tokyo Stock Exchange Regulation (Currently: Japan Exchange Regulation)
April/2014
Director of Participant Examination Department, Japan Exchange Regulation
June/2014
Director of Listing Examination Department, Japan Exchange Regulation
April/2016
Management of Planning in General Administration Office, Japan Exchange Regulation
June/2016
Standing Auditor, Japan Exchange Regulation
June/2021
External Statutory Auditor, HEIWA REAL ESTATE CO., LTD (Present Position)
Statutory Auditor (Part-time), Heiwa Real Estate Property Management Co., Ltd. (Present Position)
Statutory Auditor (Part-time), Heiwa Real Estate Asset Management, CO., LTD.(Present Position)
Business Lines
Investment management business
Licenses, etc.

Financial Instruments Business Operator Registration
Registration Number : Director-General, Kanto Finance Bureau (Kinsho) No. 316

Building Lots and Building Transaction License
License Number : Governor of Tokyo (5) No. 79529

Building Lots and Building Transaction Agency Permit
Permit Number : Minister of Land, Infrastructure, Transport and Tourism No. 8

Memberships
The Investment Trusts Association, Japan
The Association for Real Estate Securitization

History

March 24, 2000
Crescendo CO., LTD. established
May 24, 2001
Change business name from Crescendo CO., LTD. to Canal Investment Trust CO., LTD.
July 3, 2001
Licensed as a discretionary transaction agent under the Building Lots and Buildings Transaction Business Act
(Minister of Land, Infrastructure, Transportation and Tourism No. 8)
September 14, 2001
Approved as an investment trust corporation asset manager under the former Investment Trust and Investment Corporation Act to amendment by the Act Partially Amending the Securities and Exchange Act, etc. (Act No. 65 of 2006).
(Prime Minister No. 12)
September 30, 2007
Acquired deemed registration for investment management business under the Financial instruments and Exchange Act
Director-General, Kanto Finance Bureau (Kinsho) No. 316
October 19, 2009
100% of shares acquired by HEIWA REAL ESTATE CO., LTD.
July 1, 2010
Changed business name from Canal Investment Trust CO., LTD. to HEIWA REAL ESTATE Asset Management CO., LTD. (present name)
October 1, 2010
Entered into an absorption-type merger with Japan Single-residence Asset Management Corp.

Organization

Organization chart

Real Estate Investment Department
  • Manage Investment Committee Office
  • Create investment strategy, investment standards
  • Create, implement plans to purchase/sell assets
  • Risk management for asset purchases/sales
  • Select property management companies when purchasing assets
  • Collect, survey/analyze information related to real estate transaction market
Office Asset Management Department
Residence Asset Management Department
  • Manage Investment Committee Office
  • Create, implement plans for managed asset operations
  • Risk management for managed asset operations
  • Create, manage profit statements by property
  • Manage, change property management companies
  • Collect, survey/analyze information related to real estate leasing market
Planning & Finance Department
  • Create management plan, revenue plan, dividends policy, asset management plan; Manage budget
  • Collect, survey/analyze information related to the business environment, market, other REITs, etc
  • Create, modify Investment Corporation bylaws, management guidelines
  • Capital acquisition/management
  • Financial management
  • Negotiate with rating organizations
  • Asset custodian related matters
  • IR/information disclosure
  • Create, manage Investment Corporation website
  • Create disclosure documents
  • Manage investor information
  • Respond to complaints by investors
  • General services provider (investors’ registry administrator) related matters
Business Administration Department
  • Form, alter asset management contracts
  • Financial closing
  • Support for General Investors’ Meeting, Board of Directors
  • General services provider (accounting, institutional management) related matters

Services for the Asset Management Company

  • General affairs, accounting, human resources
  • Interface with oversight agencies, other related groups
  • Licenses, registrations, filings
  • Operations for General Shareholders’ Meeting, Board of Directors
  • Information security, information systems equipment operation/maintenance/administration
  • System risk management
Compliance & Risk Management Office
  • Manage Compliance Committee Office
  • Develop, manage internal rules
  • Monitor, examine compliance with laws and regulations
  • Manage corporate information
  • General risk management
  • Create, supplement internal controls
  • Implement compliance-related employee education
  • Accept, respond to complaints, problems, etc.
  • Response to antisocial entities/forces
  • Cooperate with internal audits
  • Manage Disciplinary Committee Office
  • Other compliance and risk management operations
Internal Audit Office
  • Plan, propose internal audit policy
  • Conduct internal audits
  • Direction, improvement recommendation, proposal based on internal audit results
  • Plan, manage independent inspections
  • External auditor support