LONE STAR FUNDS ANNOUNCES SALE OF JAPANESE RENTAL PROPERTY PORTFOLIO TOKYO Β

DALLAS & NEW YORK & LONDON & TOKYO, April 3 (Bernama) -- Lone Star Funds (“Lone Star”) today announced that an affiliate of Lone Star Real Estate Fund VI, L.P. has successfully completed the sale of Tokyo β (“Tokyo Beta”), one of the largest rental property assets in Tokyo.

Tokyo Beta was formed by Lone Star following the successful purchase of over one thousand non-performing loans in Japan between early 2020 and late 2022. Following its acquisition, Lone Star restructured the management of nearly 1,200 shared houses from a total of more than 200 different individual property managers, to streamline operations on a single coordinated platform of affordable rental units designed for and utilized by young professionals and students.