Overseas investors getting bolder in Japanese housing

Two recent acquisitions show that overseas investors are increasing their appetite for Japanese multi-family housing. On October 4 German Allianz Real Estate, acting on behalf of several Allianz companies, signed a sale and purchase agreement to acquire a portfolio of multi-family residential assets in Japan from Blackstone managed funds. That was followed on October 8 when British M&G Real Estate, the property arm of the Prudential-owned asset manager, also acquired a residen…