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 Corporation, 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.
Company Profile
Name | NTT Urban Development Asset Management Corporation |
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Head Office |
Otemachi First Square East Tower 1-5-1 Otemachi, Chiyoda-ku, Tokyo
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Established | January 16, 2015 |
Representative | Yasutake Horinouchi, President and CEO |
Paid-in Capital | 100 million yen |
Shareholder Composition | NTT Urban Development Corporation (100%) |
Principal Business Objectives |
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Licenses and Permits | |
Associations |
History
Board of Directors
as of June 17, 2025
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President & CEO
Yasutake Horinouchi
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April 1989Joined Nippon Telegraph and Telephone Corporation (“NTT”, current NTT, Inc.)
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July 2014Head of IR Office, Finance Department, NTT
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July 2016General Manager, Finance department, NIPPON TEREGRAPH AND TEPHONE EAST CORPORATION (current NTT EAST, Inc)
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July 2018General Manager, Global Business Department, NTT Urban Development Corporation (“NTTUD”)
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June 2019Director, General Manager of Global Business Department, NTTUD
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June 2020Director, Head of Global Business Promotion, Urban Planning & Development Department, NTT Urban Solutions, Inc. (“NTTUS”) (concurrent)
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April 2021Director, General Manager of Global Business Promotion Department, NTTUS
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June 2021Executive Officer, General Manager of Global Business Promotion Department, NTTUS
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July 2022Director, Head of Global Business Headquarters, NTTUD
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June 2023Executive Director, General Manager of Corporate Strategy Department, NTTUS
Executive Director, General Manager of Corporate Strategy Department, Overseeing Finance Department -
June 2024Executive Director, General Manager of Corporate Strategy Department and Head of Business Strategy Office, NTTUS (concurrent)
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April 2025President & CEO, NTT Urban Development Asset Management Corporation (current)
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Director, General Manager of Corporate Administration Department, overseeing Fund Management Department
Hiroshi Ogasawara
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Director, General Manager of Operation I Department
Kazuhiro Kimura
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Director, General Manager of Operation II Department
Yasunori Onodera
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Director & CFO, General Manager of Finance Department
Takeshi Iwata
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Director, overseeing Investment Marketing Department and Investor Relations Office
Tatsuya Takahashi
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Director, Head of Engineering and Sustainability Management Office
Keiji Saito
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Director (part-time)
Yusuke Baba
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Auditor (part-time)
Junko Ito
Organization
as of July 1, 2024

Investment Marketing Department |
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Operation I Department |
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Operation II Department |
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Fund Management Department |
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Finance Department |
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Investor Relations Office |
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Corporate Administration Department |
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Engineering and Sustainability Management Office |
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Sustainability
The NTT Urban Solutions Group, to which NTT Urban Development Asset Management Corporation belongs, aiming at business that contribute to the realization of the sustainable society, on the basis of the Sustainability 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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
Based on the Sustainability Policy, NTT Urban Development Asset Management Corporation and NTT Urban Development REIT Investment Corporation recognize the importance of ESG considerations, have identified materiality (key issues) and strive to address these issues with the aim of supporting the realization of a sustainable society as a corporate responsibility.
→ Materiality (NTT UD REIT Investment Corporation website)