Warburg Purchases Tokyo Rental Houses, Plans Japan Office (1)

Warburg Pincus plans to open a Tokyo office later this year as it seeks more real estate and private equity deals in Japan, adding to the expansion of foreign investors in the market.

The New York-based private equity firm, which has already been active in Japan dealmaking, said on Wednesday that it acquired a portfolio of 1,195 shared rental houses in the greater Tokyo area from Lone Star Funds. It didn’t disclose the price.

Takashi Murata

Photographer: Akio Kon/Bloomberg

“Even with the declining population overall in Japan, we feel very strongly and are confident in the growth of metropolitan Tokyo,” Takashi Murata, Warburg ...