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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CEO Message

NTT Urban Development Asset Management Corporation (“UDAM”) is a real estate asset management company that belongs to the NTT Group.

UDAM meets the expectations of our investors by providing high-quality financial products that allow investors to invest with peace of mind over the long term through the management of the listed REIT, the private REIT, and multiple private funds.

While maintaining close ties with the NTT Group, which is working to solve community issues and create prosperous communities through urban development, UDAM will continue to do its best in accordance with our corporate philosophy of “Integrity and Innovation” with the cooperation of various stakeholders, including investors, corporate tenants and residents, local communities, and partner companies. We appreciate and request your continued support and encouragement.

April 1, 2025

Yasutake Horinouchi

Yasutake Horinouchi 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 Yasutake Horinouchi, 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 (3) 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
  • Investment Management Association of Japan
  • Association for Real Estate Securitization
  • Type II Financial Instruments Firms Association

History

History

Board of Directors

as of April 1, 2026

  • President & CEO

    Yasutake Horinouchi

    • April 1989
      Joined Nippon Telegraph and Telephone Corporation (“NTT”, current NTT, Inc.)
    • July 2014
      Head of IR Office, Finance Department, NTT
    • July 2016
      General Manager, Finance department, NIPPON TEREGRAPH AND TEPHONE EAST CORPORATION (current NTT EAST, Inc)
    • July 2018
      General Manager, Global Business Department, NTT Urban Development Corporation (“NTTUD”)
    • June 2019
      Director, General Manager of Global Business Department, NTTUD
    • June 2020
      Director, Head of Global Business Promotion, Urban Planning & Development Department, NTT Urban Solutions, Inc. (“NTTUS”) (concurrent)
    • April 2021
      Director, General Manager of Global Business Promotion Department, NTTUS
    • June 2021
      Executive Officer, General Manager of Global Business Promotion Department, NTTUS
    • July 2022
      Director, Head of Global Business Headquarters, NTTUD
    • June 2023
      Executive Director, General Manager of Corporate Strategy Department, NTTUS
      Executive Director, General Manager of Corporate Strategy Department, Overseeing Finance Department
    • June 2024
      Executive Director, General Manager of Corporate Strategy Department and Head of Business Strategy Office, NTTUS (concurrent)
    • April 2025
      President & CEO, NTT Urban Development Asset Management Corporation (current)

  • Director, General Manager of Corporate Administration Dept., General Manager of General Affairs and Human Resources Dept., overseeing Fund Management Dept.

    Hiroshi Ogasawara

  • Director, Head of J-REIT Management Div., General Manager of Asset Management Dept.

    Kazuhiro Kimura

  • Director, Head of Private REIT Management Div., General Manager of Asset Management Dept.

    Yasunori Onodera

  • Director, General Manager of Finance Dept., J-REIT Management Div. overseeing Investor Relations Dept., J-REIT Management Div.

    Tatsuya Takahashi

  • Director, General Manager of Architectural and Environmental Engineering Dept.

    Keiji Saito

  • Director (part-time)

    Yusuke Baba

  • Corporate Auditor (part-time)

    Junko Ito

Organization

as of April 1, 2026

Organization Chart
Compliance Office
  1. Establishment of compliance system and compliance with laws and regulations by our company, NTT Urban Development REIT Investment Corporation, NTT Urban Development Private REIT (individually referred to as “NUD” and “NUPR”, and the investment corporations which entrust their asset management to us is collectively referred to as the “Investment Corporation”), private funds, self-managed funds, etc.
  2. Review of the details of the matters drafted by each of our department
  3. Verification, supervision, guidance and reporting on the status of compliance with laws, regulations and rules as well as internal rules for the operation by each of our department
  4. Implementation of and guidance on in-house training related to our compliance
  5. Advertising review at our company, the Investment Corporation, private funds, self-managed funds, etc.
  6. Operation of Compliance Committee
  7. Management of corporate-related information
  8. Preparation and management of books and reports for responsible work
  9. Matters incidental to each of the preceding items
Internal Audit Office
  1. Supervision of our internal audit
  2. Formulation of policy and plan on our internal audit
  3. Implementation of our internal audit
  4. Preparation of our internal audit report and improvement instruction
  5. Supervision of our risk management
  6. Formulation of policy and plan on our risk management
  7. Implementation of our risk monitoring
  8. Implementation of our risk management
  9. Preparation and management of books and reports for responsible work
  10. Matters incidental to each of the preceding items
J-REIT Management Div. Investment Dept.
  1. Collection of information and formulation of policy on properties to be invested in and transferred
  2. Asset replacement based on portfolio-building policy
  3. Acquisition of NUD’s real estate and other assets (the acquired assets are hereinafter referred to as “AUM”), sale of AUM and other dispositions
  4. Research and analysis of real estate markets and properties for NUD.
  5. Preparation and management of books and reports for responsible work.
  6. Matters incidental to each of the preceding items.
J-REIT Management Div. Asset Management Dept.
  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. Leasing of NUD’s AUM.
  4. Maintenance and management of NUD’s AUM.
  5. Business assessment and credit management for the tenants and operators of NUD’s AUM and risk management of AUM.
  6. Analysis and assessment of NUD’s asset management performance.
  7. Preparation and management of books and reports for responsible work.
  8. Matters incidental to each of the preceding items.
J-REIT Management Div. Finance Dept.
  1. Fundraising through loans by NUD.
  2. Fundraising through corporate bonds issued by NUD.
  3. Fundraising by issuing NUD investment units.
  4. Settlement of accounts and formulation of business plans for NUD and NUD business
  5. Dividend and distribution calculation for NUD.
  6. Management of funds and excess capital for NUD.
  7. Distribution policy for NUD.
  8. Preparation of NUD’s securities reports and financial reports.
  9. Financial institution support desk of the Investment Corporation
  10. Preparation and management of books and reports for responsible work.
  11. Matters incidental to each of the preceding items.
J-REIT Management Div. Investor Relations Dept.
  1. Investor relations (IR) for NUD’s unitholders.
  2. Response to government agencies and voluntary regulatory bodies regarding the disclosure by NUD
  3. Preparation and management of books and reports for responsible work.
  4. Matters incidental to each of the preceding items.
Private REIT Management Div. Investment Dept.
  1. Collection of information and formulation of policy on properties to be invested in and transferred
  2. Asset replacement based on portfolio-building policy
  3. Acquisition of NUPR’s real estate and other assets, sale of AUM and other dispositions
  4. Research and analysis of real estate markets and properties for NUPR.
  5. Preparation and management of books and reports for responsible work.
  6. Matters incidental to each of the preceding items.
Private REIT Management Div. Asset Management Dept.
  1. Drafting of NUPR’s portfolio-building policy.
  2. Drafting and management of NUPR’s “management guidelines”.
  3. Leasing of NUPR’s AUM.
  4. Maintenance and management of NUPR’s AUM.
  5. Business assessment and credit management for the tenants and operators of NUPR’s AUM and risk management of AUM.
  6. Preparation and management of books and reports for responsible work.
  7. Matters incidental to each of the preceding items.
Private REIT Management Div. Finance and Investor Relations Dept.
  1. Fundraising through loans by NUPR.
  2. Fundraising by issuing NUPR investment units.
  3. Settlement of accounts and formulation of business plans for NUPR and NUPR business
  4. Dividend and distribution calculation for NUPR.
  5. Management of funds and excess capital for NUPR.
  6. Distribution policy for NUPR.
  7. Net assets per unit calculation and refunds for NUPR.
  8. Investor relations (IR) for NUPR’s unitholders.
  9. Response to government agencies and voluntary regulatory bodies regarding the disclosure by NUPR
  10. Preparation and management of books and reports for responsible work.
  11. Matters incidental to each of the preceding items.
Fund Management Dept.
  1. Formulation of business strategies at private funds, self-managed funds, etc.
  2. Asset management or investment advice related to the investments of private funds, self-managed funds, etc.
  3. Drafting and management of yearly operational plans (including large-scale repair plans) for private funds, self-managed funds, etc.
  4. Supervision of acquisition of real estate and other assets by private funds, self-managed funds, etc., sale of AUM and other dispositions
  5. Leasing of AUM of private funds, self-managed funds, etc.
  6. Maintenance and management of AUM of private funds, self-managed funds, etc.
  7. Business assessment and credit management for the tenants and operators of AUM of private funds, self-managed funds, etc. and risk management of AUM
  8. Analysis and assessment of asset management performance of private funds, self-managed funds, etc.
  9. Fundraising at private funds, self-managed funds, etc.
  10. Investor relations (IR) for investors in private funds, self-managed funds, etc.
  11. Settlement of accounts and formulation of business plans for private funds, self-managed funds, etc. and their businesses
  12. Dividend and distribution calculation 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.
General Affairs and Human Resources Dept.
  1. Operation of the Shareholders’ Meeting and Board of Directors.
  2. Operation of our organization.
  3. Our personnel, labor and general affairs.
  4. Promotion of our sustainability
  5. Management and preservation of our important business documents.
  6. Management of our seal
  7. Our complaint and dispute resolution and litigation
  8. Reporting to and relations with government agencies and voluntary regulatory bodies for ourselves, NUD, NUPR, private funds, self-managed funds, etc.
  9. Operation of the Investment Corporation’s general meeting of unitholders and board of directors
  10. Business assistance for NUD and NUPR officers.
  11. Preparation and management of books and reports for responsible work.
  12. Matters incidental to each of the preceding items.
Corporate Administration Dept.
  1. Our business planning and management
  2. Adjustment with NTT Urban Solutions Group regarding our management strategy
  3. Our settlement of accounts and business plan
  4. Our fundraising.
  5. Management of our funds and excess capital.
  6. Our distribution policy.
  7. Management and development of our information systems and information security.
  8. Improvement of our business and promotion of DX
  9. Collection of information on candidate properties to be invested in by the Investment Corporation, private funds, self-managed funds, etc. and in-house aggregation of information
  10. Operation of our Investment Committee.
  11. Operation of our Acquisition Priority Review Meeting
  12. Public relations for ourselves.
  13. Preparation and management of books and reports for responsible work.
  14. Matters incidental to each of the preceding items.
Architectural and Environmental Engineering Dept.
  1. Examination and verification of medium-to long-term construction plans and the formulation of construction plans exceeding five years, of the Investment Corporation, private funds, self-managed funds, etc.
  2. Technical support for the environmental performance of the Investment Corporation, private funds, self-managed funds, etc.
  3. Technical support of review and conclusion of building maintenance contracts concluded by the Investment Corporation, private funds, self-managed funds, etc.
  4. Technical support for the acquisition and verification of engineering reports of the Investment Corporation, private funds, self-managed funds, etc.
  5. Formulation of sustainability policies of our company, the Investment Corporation, private funds, self-managed funds, etc. and promotion of initiatives
  6. Support for the acquisition of environmental certifications by the Investment Corporation, private funds, self-managed funds, etc.
  7. Preparation and management of books and reports for responsible work.
  8. 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 ESG Initiatives site)