• Sponsor
    NTT都市開発
  • J-REIT
    NTT UD REIT
  • Private REIT
    NTT都市開発・プライベート投資法人

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Click here for latest information posted before March 31, 2021 (Japanese ) .

CEO Message

NTT Urban Development Asset Management Corporation (“UDAM”) was established in January 2015 as a wholly owned subsidiary of NTT Urban Development Corporation (“NTT UD”), and has conducted asset management operations for NTT Urban Development Private REIT Inc., a private placement REIT (non-listed real estate investment trust), and private placement real estate funds, etc. Now, I am pleased to inform you that, effective today, UDAM has merged with Premier REIT Advisors Co., Ltd. (“PRA”) and providing asset management services for Premier Investment Corporation,* and succeeded PRA’s business operations.

  • Premier Investment Corporation has been renamed to NTT UD REIT Investment Corporation.

As a result of the merger, UDAM has become the sole asset management company within the NTT UD Group to conduct consigned asset management for listed and non-listed REITs and real estate funds, etc. With the merger, UDAM’s business foundation should be further reinforced as its asset management and compliance structures will be more sophisticated and the opportunities to obtain property information will be expanded.

Going forward, we will continue to make the most of the pipelines of NTT UD, our sponsor, and invest in high-quality real estate properties that are created from the real estate business strategy of the NTT Group. By doing so, we will offer good investment opportunities for our investors. In terms of real estate management, we will also receive multi-faceted support from the NTT UD Group, as we are resolved to secure stable earnings over the medium to long term and realize steady growth of the investment assets.

Moreover, as a member of the NTT UD Group, we will contribute to promoting and expanding the urban creation business advocated by the Group, sharing its corporate motto of “Integrity and Innovation." We will also endeavor to implement our business operations to maximize the interests of unitholders, with each of our employees serving as a professional of real estate management in accordance with our “Basic Policy on Customer-Oriented Business Conduct.”

And, please accept my greetings as I have taken the office of President and CEO of UDAM as of today, following my service as President and CEO of PRA since June 2019.

Looking ahead, we at UDAM will continue our utmost efforts to become a company that meets the expectations of our investors, tenants and other stakeholders, in line with the growth strategy of the NTT Group. We appreciate and request your continued support and encouragement.

April 1, 2021

小杉 知義

Tomoyoshi Kosugi President and CEO
NTT Urban Development Asset Management Corporation

Business Overview

NTT Urban Development Asset Management Corporation, established in January 2015 with 100% of investment from NTT UD, is engaged in real estate fund management of listed NTT UD REIT Investment Corporation1, private NTT UD Private REIT Inc. and private real estate funds. Each business aims for stable growth in partnership with NTT Group including NTT UD.

  • As of April 1, 2021, we merged with Premier REIT Advisors Co., Ltd. (PRA), the asset management company under the umbrella of the NTT UD Group managing the assets of Premier Investment Corporation (PIC)2, a listed REIT, and took over its business.
  • As of April 1, 2021, PIC was renamed NTT UD REIT Investment Corporation.

Company Profile

Name NTT Urban Development Asset Management
Head Office Otemachi First Square East Tower
1-5-1 Otemachi, Chiyoda-ku, Tokyo
  • Visiting our office, please contact us in advance and apply for entry procedure at the 1st floor reception.
Established January 16, 2015
Representative Tomoyoshi Kosugi, President and CEO
Paid-in Capital 100 million yen
Shareholder Composition NTT Urban Development Corporation (100%)
Principal Business Objectives
  1. Real estate brokerage
  2. Investment management (REIT asset management, discretionary investment work)
  3. Investment advice, agency and Type II financial instruments business
  4. General administrative services based on the Investment Trusts Act
  5. Real estate management
  6. All operations related to or incidental to the above
Licenses and Permits
  • Financial Instruments Business, Director-General of Kanto Local Finance Bureau (Kinsho) No. 2870
    (investment management, investment advice and agency, Type II financial instruments business)
  • Real Estate Brokerage, Tokyo Governor (1) No. 97964
  • Discretionary Transaction Agent, Minister of Land, Infrastructure, Transport and Tourism, License No. 93
  • Real Estate Specified Joint Business, Financial Services Agency Commissioner and Minister of Land, Infrastructure, Transport and Tourism No. 106
Associations
  • Japan Investment Advisers Association
  • Investment Trusts Association, Japan
  • Association for Real Estate Securitization
  • Type II Financial Instruments Firms Association

History

History

  • As of April 1, 2021, we merged with Premier REIT Advisors Co., Ltd. (PRA), the asset management company under the umbrella of the NTT UD Group managing the assets of Premier Investment Corporation (PIC), a listed REIT, and took over its business. As of the same day, PIC was renamed NTT UD REIT Investment Corporation.

Board of Directors

  • President & CEO

    Tomoyoshi Kosugi

    • April 1986
      Joined Nippon Telegraph and Telephone Corporation
    • April 2002
      Senior Manager in Charge, DepartmentⅠ, Nippon Telegraph and Telephone Corporation
    • July 2002
      Senior Manager in Charge, Global Service Business Deartment, NTT Communications Corporation
    • July 2002
      Director, NTT USA, Inc (Seconded to NTT USA, Inc.)
    • October 2004
      Senior Manager in Charge, Financial Sales Department, First Corporate Sales Division, NTTCommunications Corporation
    • August 2007
      General Manager, Exclusive Sales Department, NTT Finance Corporation
    • June 2008
      General Manager, Planning Department, NTT Finance Corporation
    • June 2013
      Head of Office of Audit & Supervisory Board Members, Nippon Telegraph and Telephone Corporation
    • June 2016
      Director & General Manager, Payment Services Business Unit, Billing Business Headquarters, NTT Finance Corporation
    • June 2019
      President & CEO, Premier REIT Advisors Co., Ltd.
    • April 2021
      President & CEO, NTT Urban Development Asset Management Corporation (current position)
  • Senior Executive Vice President

    Yutaka Torigoe

  • Director

    Yuichi Kato

  • Director & General Manager of Operation I Department

    Hajime Fukasawa

  • Director & General Manager of Operation II Department

    Yasunori Onodera

  • Director, Head of Compliance office, Compliance Officer

    Tomohiko Sato

  • Director & CFO, Finance Department

    Takeshi Iwata

  • Director & General Manager of Corporate Strategy Department, General Manager of Investment Marketing Department, Overseeing Operation III Department

    Takeshi Oodera

  • Director (part-time)

    Tatsuya Mazaki

  • Auditor (part-time)

    Hiroyuki Fujimori

Organization

Organization Chart
Investment Marketing Department
  1. Collection and reception of information on target investment properties
  2. Business support for drafting a portfolio building policy
  3. Business support for the Operations Department in acquiring the real estate and other assets of NTT Urban Development REIT Investment Corporation (“NUD”), private funds, self-managed funds, etc. (“managed assets”) and selling of assets under management (AUM) and other dispositions.
  4. Research and analysis of real estate markets and properties for NUD, private funds, self-managed funds, etc.
  5. Preparation and management of books and reports for responsible work
  6. Matters incidental to each of the preceding items
Operation I Department
  1. Drafting of NUD’s portfolio-building policy
  2. Drafting and management of NUD’s management guidelines, asset management plans and yearly operational plans (including large-scale repair plans; “management guidelines” together with the portfolio-building policy)
  3. Supervision of acquisition of NUD’s real estate and other assets, sale of AUM and other dispositions
  4. Leasing of NUD’s AUM
  5. Maintenance and management of NUD’s AUM
  6. Business assessment and credit management for the tenants and operators of NUD’s AUM and risk management of AUM
  7. Analysis and assessment of NUD’s asset management performance
  8. Preparation and management of books and reports for responsible work
  9. Matters incidental to each of the preceding items
Operation II Department
  1. Drafting of NTT Urban Development Private REIT Inc.’s (“NUPR”) portfolio-building policy
  2. Drafting and management of NUPR’s management guidelines, etc.
  3. Supervision of acquisition of NUPR’s real estate and other assets, sale of AUM and other disposition
  4. Leasing of NUPR’s AUM
  5. Maintenance and management of NUPR’s AUM
  6. Business assessment and credit management for the tenants and operators of NUPR’s AUM and risk management of AUM
  7. Analysis and assessment of NUPR’s asset management performance
  8. Fundraising by issuing NUPR investment units
  9. Client management and investor relations (IR) for NUPR’s unitholders
  10. Preparation and management of books and reports for responsible work
  11. Matters incidental to each of the preceding items
Operation III Department
  1. Asset management or investment advice related to the investments of private funds, self-managed funds, etc.
  2. Drafting and management of yearly operational plans (including large-scale repair plans) for private funds, self-managed funds, etc.
  3. Supervision of acquisition of real estate and other assets by private funds, self-managed funds, etc., sale of AUM and other dispositions
  4. Leasing of AUM of private funds, self-managed funds, etc.
  5. Maintenance and management of AUM of private funds, self-managed funds, etc.
  6. Business assessment and credit management for the tenants and operators of AUM of private funds, self-managed funds, etc. and risk management of AUM
  7. Analysis and assessment of asset management performance of private funds, self-managed funds, etc.
  8. Fundraising through the financing of private funds, self-managed funds, etc.
  9. Client management and investor relations (IR) for investors in private funds, self-managed funds, etc.
  10. Matters related to Type II Financial Instruments Business
  11. Matters incidental to each of the preceding items and related to real estate specific joint business based on the Act on Specified Joint Real Estate Ventures
  12. Preparation and management of books and reports for responsible work
  13. Matters incidental to each of the preceding items
Finance Department
  1. Our finances
  2. Our accounting and financial results
  3. Our fundraising
  4. Management of our funds and excess capital
  5. Our distribution policy
  6. Fundraising through loans by NUD, private funds, self-managed funds, etc.
  7. Fundraising through corporate bonds issued by NUD, private funds, self-managed funds, etc.
  8. Fundraising by issuing NUD investment units
  9. Client management and investor relations (IR) for NUD’s unitholders
  10. Business support for Operations Departments II and III in client management and investor relations (IR) for NUPR’s unitholders and investors in private funds, self-managed funds, etc.
  11. Accounting and financial results for NUD, private funds, self-managed funds, etc.
  12. Dividend and distribution calculation for NUD, private funds, self-managed funds, etc.
  13. Finances for NUD, private funds, self-managed funds, etc.
  14. Management of funds and excess capital for NUD, private funds, self-managed funds, etc.
  15. Distribution policy for NUD, private funds, self-managed funds, etc.
  16. Preparation of NUD’s securities reports and financial reports
  17. Net assets per unit calculation and refunds for NUPR
  18. Preparation and management of books and reports for responsible work
  19. Matters incidental to each of the preceding items
Corporate Strategy Department
  1. Growth strategy for NUD, private funds, self-managed funds, etc.
  2. Our business planning and management
  3. Establishment and revision of our regulations
  4. Operation of our organization
  5. Strategic point of contact with the NTT Urban Solutions Group
  6. Operation of our Investment Committee
  7. Public relations for ourselves, NUD, private funds, self-managed funds, etc.
  8. Business support for the Operations Department in construction planning and progress management for NUD, private funds, self-managed funds, etc.
  9. Preparation and management of books and reports for responsible work
  10. Matters incidental to each of the preceding items
Administration Department
  1. Operation of the Shareholders’ Meeting and Board of Directors
  2. Our personnel, labor and general affairs
  3. Management and preservation of our important business documents
  4. Management of our seal
  5. Management and development of our information systems and information security
  6. Our complaint and dispute resolution and litigation
  7. Operation of NUD’s Unitholders’ Meeting and Board of Directors and private funds, self-managed funds, etc.
  8. Business assistance for NUD officers
  9. Reporting to and relations with government agencies and voluntary regulatory bodies for ourselves, NUD, private funds, self-managed funds, etc.
  10. Preparation and management of books and reports for responsible work
  11. Matters incidental to each of the preceding items

Sustainability

Enactment : April 1, 2021

The NTT Urban Solutions Group, to which NTT Urban Development Asset Management Corporation belongs, endeavors to uphold its corporate social responsibility (CSR) through business operations, on the basis of the CSR vision established by NTT Urban Solutions. Meanwhile, the investment management business industry has a growing recognition of the importance of Environment, Society and Governance (ESG) awareness. From the perspective of placing investors' interests as our top priority over the medium to long term, we work to reflect ESG awareness in all aspects of our real estate investment and management operations, centering on the following subjects.

  • Global warming countermeasures

    We will promote energy saving and reduction of greenhouse effect gas emissions in managing the investment assets of the investment corporation that has consigned its asset management operations to us (the “investment assets”), by such measures as implementing energy management and introducing facilities for more efficient energy saving.

  • Measures to preserve water resources and reduce waste

    We will continuously work on water saving measures to carefully and effectively use limited water resources, as well as on reduction of waste and promotion of recycling through meticulously separating recyclable and non-recyclable materials.

  • Ensuring safety and security

    We will promote BCPs (business continuity plans) for office buildings and implement disaster prevention measures at residential properties, in both the physical and operational aspects of the buildings, based on the philosophy of NTT Urban Development Corporation’s Safety and Quality Policy.

  • Internal implementation and initiatives for officers and employees

    We will establish an internal system to implement the initiatives based on this Policy, and educate and train our officers and employees on ESG awareness.

  • Coordination with outside stakeholders

    We will coordinate with our tenants, service providers including property management companies and other stakeholders in an effort to enhance CS (customer satisfaction), as well as to achieve harmony with and vitalization of the local communities.

  • Information disclosure to investors, etc.

    We will endeavor to proactively disclose information on our ESG awareness to investors and other stakeholders. Moreover, we will work to continuously obtain environmental certifications and assessments, including green building certifications, and disclose their details.

  • Compliance

    We will conduct corporate activities in accordance with environmental preservation-related laws and regulations, fully aware of the importance of corporate ethics and compliance.