General Description

Advance Residence Investment Corporation (Securities code: 3269) was created through consolidation type merger between the former Advance Residence Investment Corporation and Nippon Residential Investment Corporation. The newly formed Advance Residence has the biggest residential REIT portfolio in Japan in terms of assets.

ADR description

Name Advance Residence Investment Corporation
Representative Executive Director Kenji Kousaka
Address 17th Floor, Jinbocho Mitsui Building
1-105 Kanda-Jinbocho, Chiyoda Ward, Tokyo
Administrative contact AD Investment Management Co., Ltd. TEL: +81-3-3518-0480

History

Sep. 25, 2009 Merger agreement was signed between Advance Residence and Nippon Residential.
Nov. 30, 2009 Unitholders of both REITs approve the merger at each of its General Unitholders' Meetings.
Feb. 23, 2010 The last day of trading on the Tokyo Stock Exchange REIT section for both former Advance Residence and Nippon Residential.
Feb. 24, 2010 Both REITs de-list from the Tokyo Stock Exchange.
Mar. 1, 2010 The merger comes in to effect and the new Advance Residence is established.
Mar. 2, 2010 The new Advance Residence (Securities code: 3269) re-lists on the Tokyo Stock Exchange REIT section.

Officers

Executive DirectorKenji Kousaka(male) Apr. 1988 Joined ITOCHU Corporation, assigned to Osaka Construction & Realty Department No. 2
Apr. 1994 Assigned to Osaka Construction & Realty Department
Apr. 1999 Assigned to Real Estate Business Development Department
Jul. 2001 Appointed Deputy Manager of Osaka Construction Section No. 4, Osaka Construction & Realty Department
Oct. 2002 Appointed Deputy Manager of Construction Section No. 3, Construction & Realty Department
Apr. 2004 Appointed Manager of Construction Section No. 2, Construction & Realty Department and General Manager of Investment Advisory Office, Construction and Real Estate
Jun. 2005 Transferred to AD Investment Management Co., Ltd. Appointed Managing Director and General Manager of Acquisition Department of AD Investment Management Co., Ltd.
Mar. 2008 Appointed Executive Director of Advance Residence Investment Corporation (currently serving)
Apr. 2008 Appointed President of AD Investment Management Co., Ltd. (currently serving)
Supervisory DirectorYoshitsugu Oba(male) Nov. 1975 Joined Tohmatsu Awoki & Co.
Jun. 1990 Partner, Tohmatsu & Co.
Oct. 2010 Quality Control Division Manager, Deloite Touche Tohmatsu
Nov. 2010 Managing Member, Deloite Touche Tohmatsu
Jun. 2016 Audit & Supervisory Board member, Mitsubishi Motors Corporation (currently serving)
Oct. 2017 Appointed Audit Officer of ADR
Supervisory DirectorYoshiki Oshima(male) Oct. 1967 Passed bar exam
Apr. 1970 Registered as lawyer
Apr. 1978 Opened Akasaka Law Office L.P.C. (currently serving)
Sep. 2005 Appointed Audit Officer of ADR
  • (Note 1) Kenji Kousaka concurrently serves as the president of AD investment Management, the asset manager of ADR, and the executive director of ADR. This concurrent service was reported to the commissioner of the Financial Services Agency on March 5, 2008 based on Article 31-4-4 of the Financial instruments and Exchange Law, which has been revised as Article 31-4-1 due to the partial revision on the Financial Instruments and Exchange Law (Legislation No.65, 2008)
  • (Note 2) Former ADR merged with NRI as of March 1, 2010.
  • (Note 3) The asset management company has absorbed Pacific Residential Corporation as of March 1, 2010. Kenji Kousaka concurrently serves as the executive director of ADR and the representative director of the asset management company. This concurrent service was reported to the commissioner of the Financial Services Agency on March 5, 2008 based on Article 31-4-4 of the Financial Instruments and Exchange Law, which has been revised as Article 31-4-1 due to the partial revision on the Financial Instruments and Exchange Law (Legislation No. 65, 2008)
  • (Note 4) Investment corporation outsources asset management, custody, administration, etc. in accordance to the law "Act on Investment Trusts and Investment Corporations". ADR has a board of directors consisting of executive director and supervisory officers, but legally prohibited to employ employees.