Global One Real Estate Investment Corp | REIT Profile

Symbol: 8958
Exchange: TSE
Founded: 2003 (22 years)
HQ: Tokyo, Japan
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Office

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Global One Real Estate Investments Corp (GOR) primarily invests in Class-A office buildings that are located in three major metropolitan areas in Japan (the Tokyo Metropolitan Area, the Chubu Area and the Kinki Area) as well as other major cities with populations over 500,000 that are identified as government-designated cities. The three key watchwords in selecting properties are "Closer," "Newer" and "Larger." GOR carefully selects investment properties, focusing on premium real estate. Opportunities to find such quality assets may be limited, unlike other general class properties, and acquisition of premium properties with appropriate prices may become even harder specifically when markets are overheated. Therefore, it is expected that the GOR portfolio will grow at a random speed experiencing a mix of relatively moderate and fast growing phases. GOR uses due care to avoid excessive expansion that could undermine "unitholders' interests." Looking at a mid- to long-holding period, GOR pursues well-balanced investments in terms of quality and expansion rates. However, depending on various factors (e.g., market position, attributes of the property, portfolio situation), there may be a disposition during the course of investment if that disposition is judged to be the right decision.