It has been revealed that distributions for some of the real estate joint investment products “Minna de Ooya-san” sold by Minna de Ooya-san Hanbai are delayed.
The affected products are 18 items from the “Minna de Ooya-san Series Narita” that invest in the “GATEWAY NARITA” construction project near Narita Airport, and emails explaining this to investors have been sent.
According to the email, rent payments have not been made for even-numbered items since April and odd-numbered items since May among products numbered 1 to 18. The company apologized, stating, “We were negotiating for rent payment from tenants until the deadline, believing it would be received, but ultimately could not achieve it, resulting in this report. We deeply apologize,” adding that distributions will be issued promptly once rent payments are received from tenants.
The tenant is a group company of Minna de Ooya-san Hanbai, and it was explained that “major obstacles have arisen in the tenant’s fund securing plans” due to an administrative disposition announced in June 2024. To secure funds for rent payments, assets of the group company are being sold.
“GATEWAY NARITA” is a large-scale project with approximately 445,000 square meters of site area and about 380,000 square meters of total floor area, scheduled to open in March 2027.
“Minna de Ooya-san” is jointly operated and sold by Kyosei Bank, Minna de Ooya-san Hanbai, and Urban Sosken Invest Fund. According to Tokyo Shoko Research, about 38,000 people have invested approximately 200 billion yen in the 18 Series Narita products.
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This article was generated using automatic translation by GPT-4 API. The translation may not be accurate.
