The article reports on the amendment to the Real Estate Specified Joint Enterprise Act that took effect in Japan on December 20, 2013. A survey by the Japanese government reveals the value of securitized real estate acquired in 2012 by vehicles established for a securitization purpose and the value of the assets acquired by vehicles established under the Act compared with the value of Japanese real estate investment trusts (Jreits). The role of the Act in attracting funds is discussed.
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