NTT Urban Development Asset Management Corporation

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  • 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”) is a real estate management company conducting the management of real estate assets of the NTT Group including NTT Urban Development Corporation (“NTT UD”). The current operating structure was established upon the merger in April 2021 with Premier REIT Advisors Co., Ltd. (“PRA”), which had been engaged in real estate management in the Group like UDAM.

UDAM will support solving issues of communities and creating enriched communities through new urban creation by the NTT Group while meeting the expectations of investors by providing quality financial products in which investors can invest over the long term with ease of mind through the management of assets of the listed REIT, the private REIT and several private funds.

We at UDAM will continue to make efforts under the corporate motto of “Integrity and Innovation” while maintaining close collaboration with the NTT Group and receiving cooperation from various stakeholders including our investors, companies using our offices and residences, residents, local community members and partner companies. We appreciate and request your continued support and encouragement.

June 15, 2022

Yutaka Torigoe

Yutaka Torigoe 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 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
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 Yutaka Torigoe, 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 (2) 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

Board of Directors

as of July 1, 2024

  • President & CEO

    Yutaka Torigoe

    • April 1988
      Joined Nippon Telegraph and Telephone Corporation
    • November 2005
      Senior Manager in Charge, Finance Department, NTT Communications Corporation
    • July 2007
      Senior Manager in Charge, Human Resources Department, NTT Communications Corporation (Seconded to NTT Business Associe Corporation)
    • July 2010
      Senior Manager in Charge, Global Strategy Department, Global Business Division, NTT Communications Corporation
    • December 2011
      Senior Manager in Charge, Human Resources Department, NTT Communications Corporation (Seconded to Dimension Data Holdings plc)
    • July 2014
      Senior Manager in Charge, Global Business Office, Nippon Telegraph and Telephone Corporation (Seconded to Dimension Data Holdings plc)
    • June 2016
      General Manager, Accounting & Finance Department, NTT Urban Development Corporation
    • June 2018
      Senior Vice President, Accounting & Finance Department, NTT Urban Development Corporation
    • June 2021
      Senior Executive Vice President, NTT Urban Development Asset Management Corporation
    • June 2022
      President & CEO, NTT Urban Development Asset Management Corporation

  • Director, General Manager of Corporate Administration Department, overseeing Fund Management Department and Internal Audit Office

    Hiroshi Ogasawara

  • Director, General Manager of Operation I Department

    Kazuhiro Kimura

  • Director, General Manager of Operation II Department

    Yasunori Onodera

  • Director & CFO, General Manager of Finance Department, overseeing Investor Relations Office

    Takeshi Iwata

  • Director, Head of Engineering and Sustainability Management Office

    Takeshi Oodera

  • Director, General Manager of Investment Marketing Department

    Seiji Okinaga

  • Director (part-time)

    Tatsuya Mazaki

  • Auditor (part-time)

    Junko Ito

Organization

as of July 1, 2024

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”), NTT Urban Development Private REIT Inc.’s (“NUPR”),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, NUPR, 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 NUPR’s 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. Accounting and financial results for NUPR
  10. Dividend and distribution calculation for NUPR
  11. Finances for NUPR
  12. Management of funds and excess capital for NUPR
  13. Distribution policy for NUPR
  14. Net assets per unit calculation and refunds for NUPR.
  15. Client management and investor relations (IR) for NUPR’s unitholders
  16. Preparation and management of books and reports for responsible work
  17. Matters incidental to each of the preceding items
Fund Management 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. Accounting and financial results for private funds, self-managed funds, etc.
  11. Dividend and distribution calculation for private funds, self-managed funds, etc.
  12. Finances for private funds, self-managed funds, etc.
  13. Management of funds and excess capital for private funds, self-managed funds, etc.
  14. Matters related to Type II Financial Instruments Business
  15. 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
  16. Preparation and management of books and reports for responsible work
  17. Matters incidental to each of the preceding items
Finance Department
  1. Fundraising through loans by NUD, NUPR, private funds, self-managed funds, etc.
  2. Fundraising through corporate bonds issued by NUD, NUPR, private funds, self-managed funds, etc.
  3. Fundraising by issuing NUD investment units
  4. Accounting and financial results for NUD
  5. Dividend and distribution calculation for NUD
  6. Finances for NUD
  7. Management of funds and excess capital for NUD
  8. Distribution policy for NUD
  9. Preparation of NUD’s securities reports and financial reports
  10. Preparation and management of books and reports for responsible work
  11. Matters incidental to each of the preceding items
Investor Relations Office
  1. Client management and investor relations (IR) for NUD’s unitholders
  2. 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.
  3. Preparation and management of books and reports for responsible work
  4. Matters incidental to each of the preceding items
Corporate Administration Department
  1. Operation of the Shareholders’ Meeting and Board of Directors
  2. Our personnel, labor and general affairs
  3. Our finances
  4. Our accounting and financial results
  5. Our fundraising
  6. Management of our funds and excess capital
  7. Our distribution policy
  8. Management and preservation of our important business documents
  9. Management of our seal
  10. Management and development of our information systems and information security
  11. Our complaint and dispute resolution and litigation
  12. Operation of NUD’s Unitholders’ Meeting and Board of Directors and NUPR’s Unitholders’ Meeting and Board of Directors and private funds, self-managed funds, etc.
  13. Business assistance for NUD and NUPR officers
  14. Reporting to and relations with government agencies and voluntary regulatory bodies for ourselves, NUD, NUPR,private funds, self-managed funds, etc.
  15. Preparation and management of books and reports for responsible work
  16. Growth strategy for NUD, NUPR, private funds, self-managed funds, etc.
  17. Our business planning and management
  18. Operation of our organization
  19. Strategic point of contact with the NTT Urban Solutions Group
  20. Operation of our Investment Committee
  21. Public relations for ourselves, NUD, NUPR,private funds, self-managed funds, etc.
  22. Matters incidental to each of the preceding items
Engineering and Sustainability Management Office
  1. Development of mid-to-long-term construction plans
  2. Development of short-term construction plans
  3. Management of short-term construction projects
  4. Technical support of energy conservation activities
  5. Technical support of review and conclusion of building maintenance contracts
  6. Procurement and analysis of engineering reports
  7. Preparation and procurement of certificates related to environment preservation
  8. Development and management of our basic plans and activities for sustainable business operation, procurement of GREBS, etc.
  9. Preparation and management of books and reports for responsible work
  10. Matters incidental to each of the preceding items

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.

  • 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.

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)