Dash Living, BlackRock jointly acquire Tokyo multi-family property

Atiqah Mokhtar
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The property is a 29-unit building in Higashi Komagata, Tokyo (Picture: Dash Living)

Hong Kong-headquartered rental housing provider Dash Living has partnered with a fund managed by BlackRock’s real estate business to acquire a multi-family asset in Japan. In a July 30 press release, Dash Living says the 29-unit property in Higashi Komagata, Tokyo, marks its 15th property in Japan.

The acquisition amount for the asset was not disclosed.

The property is a five-minute walk to the Ginza and Asakusa subway lines, as well as popular attractions including Asakusa Shrine and the Asahi Beer Factory. It is 20 to 30 minutes away from multiple central business districts by subway.

The deal is the latest in a series of acquisitions by Dash Living in Japan. Last November, it announced a tie-up with global investment management firm Schroders to acquire a 49-key multi-family asset in Tokyo. The company says it also recently acquired two assets in Japan in partnership with Tokyo Stock Exchange-listed real estate investment crowdfunding platform Creal.

Read also: Private wealth continues to drive capital market deals

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