Nomura Real Estate Asset Management Co., Ltd.Nomura Real Estate Asset Management Co., Ltd.

Our Operation

Corporate Planning

Responsible for the company's strategic planning. Also handles human resources, general affairs and corporate accounting.

Finance & Accounting

Responsible for preparing fiscal financial statements and all aspects of day-to-day accounting for our funds, as well as matters related to loan financing and corporate bond issuances for our J-REITs.

Legal & Compliance

Responsible for all matters concerning risk management and compliance. Also oversees the handling of client complaints.

Internal Audit

Responsible for evaluating and improving the effectiveness of our governance, risk management and control processes.

International Business Planning

Responsible for business development and market research of overseas asset management business, as well as develop strategic partnerships with overseas asset management companies. Also responsible for due diligence, investment process and monitoring of indirect overseas investments.

Investment Management

Responsible for the fund management and investment advisory of overseas indirect funds, providing investment advisory for J-REIT mutual funds, and developing new overseas products.

Client Relations & Marketing

Responsible for effectively marketing our nonlisted funds and maintaining good client relations with both new and existing investors. Also provides private placement services.

Acquisitions

Responsible for sourcing, analyzing, performing due diligence on, and other acquisition related matters related to new real estate investments for our funds.

NMF Investment Management Group

Responsible for the investment management and funding through new unit issuances of Nomura Real Estate Master Fund, including all matters related to disclosures, investor relations and unitholder meetings.

NPR Investment Management

Responsible for the investment management and funding through new unit issuances of Nomura Real Estate Private Fund, including all matters related to disclosures, investor relations and unitholder meetings.

Product Development

Responsible for product development, investment management and investment advisory regarding all domestic private real estate funds.

Investment Management Planning

Responsible for all matters related to the construction, environment, and engineering of properties held in our funds. Also responsible for the development, upgrade, and maintenance of the property database utilized for asset management.

Research & Analysis

Responsible for providing investment market insight for all fund management teams, based on extensive research and anlysis of macro economic trends and real estate market trends.

Property Acquisition

Our approach to real estate investment follows a strict decision making process.

Our Governance

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Investment Committee
Chairperson
  • President and CEO
Committee Members
  • Chief Strategic Officer
  • Executive Officers*1
  • Compliance Officer
Non-voting committee members
  • Compliance Officer*2 and Executive Officers who oversee*3 solely administrative and governance departments*4
Resolutions
  • Decisions on and any major changes in important matters relating to the investment management and policies of the funds.
  • Review of the reasons for refusal, when information on a potential property investment arises and the fund with the first refusal rights does not choose to acquire the property and the next fund decides to consider the potential acquisition.
Requirements to Pass Resolution Unanimous vote of all committee members who have voting rights
Frequency
  • In general, once a week when the Committee Chairman calls a meeting, or anytime when necessary.

*1 Excludes Executive Officers and part-time Executive Officers who are also the head of a fund or a General Manager of a department within the NMF Management Group
*2 Including when the Compliance Officer is also an Executive Officer
*3 Including when they are also the overseeing Executive Offer or General Managers
*4 Coporate Planning, Complaince and Internal Audit departments

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Compliance Committee
Chairperson
  • Compliance Officer
Committee Members
  • External experts who are designated by the Committee Chairman
Non-voting committee members Compliance committee members who are related parties or are either Executive Directors or employees of companies that are related parties do not have voting rights. This does not apply to the Compliance Officer.
Resolutions
  • Approval of transactions with related parties.
  • If while under review at the Investment Committee meeting, the Compliance Officer expresses concern, the matter under review will be brought in and important issues on compliance related to the process will be addressed.
Requirements to Pass Resolution two-thirds (2/3) or more of the votes of all committee members who have voting rights.
Frequency In general, once every three months when the Committee Chariman calls a meeting, or anytime when necessary.

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Risk Management Committee
Chairperson
  • Executive Officer in charge of Compliance Department
Committee Members
  • Executive Officer in charge of Compliance Department
  • Head of Compliance (Compliance Officer)
  • Head of Planning
  • Head of Client Relations & Marketing
  • Head of Investment Management Planning
  • Head of Acquisitions
  • Head of each fund
  • Head of Finance & Accounting
  • Head of Research & Analysis
  • Head of International Business Planning
  • External experts designated by the Committee Chairman
Resolutions Prepare and amend the risk management annual plan*
Requirements to Pass Resolution two-thirds (2/3) or more of the votes of all committee members who have voting rights.
Frequency At least once every three months when the Committee Chairman calls a meeting, or anytime when necessary.

*Identifying additional risk items which need to be included for each department, and the measures and timeline for each

Rotation Rule

NREAM undertakes business affairs with respect to managing assets and furnishing investment advice primarily to Nomura Real Estate Master Fund, Inc. (NMF), Nomura Real Estate Private REIT, Inc. (NPR) and other real estate funds.

In carrying out such duties, NREAM strives to take preventative action that would avoid the prospect of any conflicts of interest arising among the respective funds for which it manages assets, particularly when considering possibilities of making property acquisitions on the basis of third-party sales information to which it has gained access. To that end, NREAM stringently implements information management practices such that involve ensuring those who make investment decisions for the respective funds handle their duties separately. Meanwhile, NREAM has also adopted the Rotation Rule whereby it ensures that each fund is equitably granted preference to consider acquisition opportunities on a rotating basis particularly depending on the year in which construction was completed with respect to target properties ("completion year").

Moreover, NREAM makes decisions to acquire properties, or otherwise forgo such investment, in accordance with investment policies specific to each of the funds.

*1 NPR: Nomura Real Estate Private REIT, Inc. (private-placement REIT)
*2 NMF: Nomura Real Estate Master Fund, Inc. (listed REIT)