Since May 2005, when we successfully listed on the Tokyo Stock Exchange as Japan’s first real estate investment corporation (J-REIT) dedicated to logistics properties, Japan Logistics Fund Inc. (hereafter referred to as “JLF”) has achieved steady, sustained growth as a market leader in its area, from the predawn period of J-REITs to today when they are widely recognized among investors.
Logistic facilities in Japan face the need to respond to the aging of facilities that were built during Japan’s high-growth era. More recently, they have faced the need to accommodate the proliferation of the Internet transactions (e-commerce), which demand larger and more sophisticated facilities that can sort vast quantities of small orders by destination and deliver them in a short time. The importance of logistic facilities as an infrastructure which support industry in Japan is increasing more and more. JLF plays a part in enabling the sustained development of the logistics industry as it confronts these issues, and meets the need of investors for long-term stable dividends by creating opportunities to invest in logistics properties, where tenant changes are less frequent and rents are more stable than those of offices and residential properties.
Together with Mitsui & Co., Logistics Partners Ltd., the asset manager of JLF, with its sponsors of Mitsui & Co. and others, JLF will improve satisfaction level of both tenants and investors by leveraging our knowledge acquired through extensive experience and expertise in good judge of qualified logistics properties.
We are strongly committed to achieve our mission. In doing so, your assistance is essential. I sincerely ask for your warm support.