News

Aetos Capital Real Estate, LP Completes Successful Sale of Simplex Investment Advisors Group to Hulic

December 4, 2015

 

Tokyo, Japan, December 4, 2015 – Aetos Capital Real Estate, LP (“ACRE”) today announced that it successfully completed the sale of its interest in Simplex Investment Advisors Group (“SIA Group” or “the Company”) , from a managed fund (“Aetos Capital Asia II”, or “the Fund”) to Hulic Co., Ltd. (TSE:3003), a leading Japanese real estate operator on November 30, 2015.

SIA Group owns a significant portfolio of high quality assets, focused on the Tokyo area and has a large third-party asset management business.

-Ends-

About Simplex Investment Advisors Group

SIA Group is a property management and asset management company with several lines of businesses including the management of 13 owned assets within Greater Tokyo and the management of third-party funds. For its third-party clients, SIA Group provides turnkey acquisition, asset management, financing and disposition services. It also manages the SIA REIT (TSE:3290), which was taken public in 2013.

About Aetos Capital Real Estate (“ACRE”)

ACRE is an independent investment management firm that focuses exclusively on real estate investment opportunities in Asia, principally Japan and Greater China. Through a series of sponsored funds ACRE has acquired and managed more than $10 billion of real estate and real estate-related investments in Japan, Greater China and South Korea. The ACRE business was founded by Scott Kelley in 2001. To date, ACRE has sponsored four Aetos Capital Asia (ACA) funds with total equity capital commitments of approximately $3.8 billion. ACRE and its subsidiaries have a team of approximately 60 professionals across three offices in Tokyo, Hong Kong and New York.

Aetos Japan, LLC, a wholly-owned subsidiary of ACRE, was established by Scott Kelley in 2001. Aetos Japan provides a full range of asset management and advisory services relating to investment sourcing, acquisition, structuring, leasing and repositioning, disposition planning, and pricing recommendations on purchase and sale with respect to real estate and real-estate related assets in Japan.

For more information, please contact:

Contacts:

Aetos Capital Real Estate, LP                             Aetos Japan, LLC                                                                                      

Yanting Wang, Director                                           Shinichiro No, Director

New York                                                                       Tokyo

(212)-710-3208                                                          +81-3-6402-6177

680 Fifth Avenue, 24th Floor                                 Atago Green Hills MORI Tower

New York, NY 10019                                                 27th Floor, 5-1 Atago 2-chome

                                                                                          Minato-ku, Tokyo 105-6227

                                                                                         Japan

 
Simplex Investment Advisors Inc.

Takeshi Akimoto, Managing Director

+81-3-5532-5727

Shin Kasumigaseki Bldg.

19th Floor, 3-2 Kasumigaseki 3-chome

Chiyoda-ku, Tokyo 100-0013

Japan

 


Aetos Capital Real Estate, LP Agrees To Sell Simplex Investment Advisors Group to Hulic

October 28, 2015

 

Tokyo, Japan, October 28, 2015 – Aetos Capital Real Estate, LP (“ACRE”) today announced that it has agreed to sell, from a managed fund (“Aetos Capital Asia II”, or “the Fund”), the Fund’s entire holding in Simplex Investment Advisors Group (“SIA Group” or “the Company”) to Hulic Co., Ltd. (TSE:3003), a leading Japanese real estate operator, for an aggregate value of JPY 155 billion ($1.3 billion).  SIA Group owns a significant portfolio of high quality assets and has a large third-party asset management business.

Aetos Capital Asia II initially acquired a 50% interest in SIA Group in 2007.  As part of a recapitalization of the SIA Group post-financial crisis in 2011, the Fund became the 100% owner.

SIA Group has a portfolio of 13 high quality real estate assets, with a large exposure to central Tokyo and highly attractive prime locations.  The Company’s properties are a mixture of commercial office buildings, high grade retail, and one official Tokyo Disney Resort hotel.  The Company also manages in excess of JPY 150 billion in assets for third parties.  SIA Group’s highly experienced and capable management team has managed over JPY 1 trillion of assets through both public and private vehicles.

Through a series of sponsored funds ACRE has acquired and managed more than $10 billion of real estate and real estate-related investments in Japan, Greater China and South Korea. Scott Kelley, Founder & CEO of Aetos Capital Real Estate, LP, said “Aetos has had a long and successful track record in Japan, which served us well in managing this investment. After the financial crisis, we recapitalized the Company, secured 100% ownership of the equity, changed management, sponsored and sold assets to a J-REIT, and streamlined operations and the business strategy. During our period of exclusive ownership, the performance of the Company has improved in each successive year. This transaction is a good result for our investors, and is positive for SIA Group going forward.”

On this transaction, ACRE and its affiliates were advised by Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. as sole financial advisor, and Morrison & Foerster LLP as sole legal advisor.

About Simplex Investment Advisors Group

SIA Group is a property management and asset management company with several lines of businesses including the management of 13 owned assets within Greater Tokyo and the management of third-party funds. For its third-party clients, SIA Group provides turnkey acquisition, asset management, financing and disposition services. It also manages the SIA REIT (TSE:3290), which was taken public in 2013.

About Aetos Capital Real Estate (“ACRE”)

ACRE is an independent investment management firm that focuses exclusively on real estate investment opportunities in Asia, principally Japan and Greater China. The ACRE business was founded by Scott Kelley in 2001. To date, ACRE has sponsored four Aetos Capital Asia (ACA) funds with total equity capital commitments of approximately $3.8 billion. ACRE and its subsidiaries have a team of approximately 60 professionals across three offices in Tokyo, Hong Kong and New York.

Aetos Japan, LLC, a wholly-owned subsidiary of ACRE, was established by Scott Kelley in 2001. Aetos Japan provides a full range of asset management and advisory services relating to investment sourcing, acquisition, structuring, leasing and repositioning, disposition planning, and pricing recommendations on purchase and sale with respect to real estate and real-estate related assets in Japan.

For more information, please contact:

Contacts:

Aetos Capital Real Estate, LP                             Aetos Japan, LLC                                                                                      

Yanting Wang, Director                                           Shinichiro No, Director

New York                                                                       Tokyo

(212)-710-3208                                                          +81-3-6402-6177

680 Fifth Avenue, 24th Floor                                 Atago Green Hills MORI Tower

New York, NY 10019                                                 27th Floor, 5-1 Atago 2-chome

                                                                                          Minato-ku, Tokyo 105-6227

                                                                                         Japan

Simplex Investment Advisors Inc.

Takeshi Akimoto, Managing Director

+81-3-5532-5727

Shin Kasumigaseki Bldg.

19th Floor, 3-2 Kasumigaseki 3-chome

Chiyoda-ku, Tokyo 100-0013

Japan

 

The aggregate value is subject to adjustment pursuant to the Stock Purchase Agreement with Hulic.