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Acquisition Criteria

We Also Review Complex-Condition Properties

Even for properties often screened out by standard filters, we evaluate risks quantitatively and review on a case-by-case basis.

  • No completion certificate
  • No-rebuild properties
  • FAR / building-coverage over-limit
Acquisition criteria reference image

We quantitatively evaluate flip profitability for each property using our proprietary AI and big-data model.For income-producing properties, we do not set an upper cap on cap rate and make acquisition decisions with exit strategy in mind.

TypePriceAreaStationComments
Whole Building (Income)~JPY 1BTokyo + 3 neighboring prefecturesWithin 15 min walk
  • Cap rate not restricted (flip profit calculated by our model)
  • No completion certificate: acceptable
  • No-rebuild/FAR over/accident history: case-by-case
  • Anti-social forces: not accepted
Detached House~JPY 300MTokyo 23 wardsWithin 10 min walk, station users 30k+ preferred
  • For lodging use (residential-only zones not allowed; neighborhood commercial/commercial preferred)
Land~JPY 300MTokyo 23 wardsWithin 10 min walk, station users 30k+ preferred
  • Only with existing structure; generally for lodging use (residential-only zones not allowed)
Condominium UnitCase by case--
  • Individual screening

Recent Acquisition Track Record

MonthLocationProperty TypeComments
May 2026Sanno, Ota, TokyoRC BuildingResidential conversion plan
May 2026Omorinishi, Ota, TokyoMinpakuOmori project
Mar 2026Nihonzutsumi, Taito, TokyoWhole BuildingBuilding repositioning case
Mar 2026Kitazawa, Setagaya, TokyoRC BuildingKitazawa residence
Feb 2026Honan, Suginami, TokyoLandHonancho redevelopment
Jan 2026Nihonzutsumi, Taito, TokyoMinpakuNihontei Ryokan
Dec 2025Wada, Tama, TokyoWhole BuildingTama residence
Oct 2025Ogikubo, Suginami, TokyoWhole BuildingOgikubo building
Oct 2025Niiza, SaitamaWhole BuildingKiyose building
Aug 2025Higashi-Kojiya, Ota, TokyoMinpakuHigashi-Kojiya inn
May 2025Wakamatsucho, Fuchu, TokyoWhole BuildingHigashi-Fuchu residence
May 2024Higashi-Ogu, Arakawa, TokyoWhole BuildingArakawa residence