Message from the Management
In the 18th fiscal period, we continued asset replacement and generally used amounts equivalent to the gains on sales to purchase and retire our own investment units (approximately 7 billion yen), a first for the fund.
Regarding property management, we achieved steady internal growth in each sector including the residential sector, which has been performing well due to a market tailwind.
Going forward, we will continue to pursue higher dividends by implementing various measures, such as achieving internal growth through property management, increasing dividends through the acquisition of capital gains from asset replacement, and purchasing our own investment units.
While carefully monitoring the trends of accompanying market changes, NMF will manage properties with a strong determination to improve its performance in order to meet investors’ expectations and earn their trust. We ask for your continued support and encouragement.
Executive Director of Nomura Real Estate Master Fund, Inc.