Investment Policy
As Japan’s first logistics REIT, Japan Logistics Fund, Inc. (JLF) leverages the expertise of its asset manager, Mitsui & Co., Logistics Partners Ltd. (MLP). MLP’s ability to discern trends in logistics and the economy and its knowledge and experience gained in actual logistics settings help JLF secure stable revenues over the mid-to long-term and maximize profits for our unitholders.
Investment Target
The primary investment targets shall be real estate used for logistics facilities. Real estate used for data centers and other telecommunication facilities and real estate that is not being used for logistics facilities at the time of acquisition but may be constructed, converted or redeveloped to be used for logistics facilities (hereinafter “Other Real Estate”) may become investment targets. The target ratios of investment in the mid-to long-term of real estate used for logistics facilities and Other Real Estate shall be as stated below. The target ratios are targets in the mid-to long-term, and the targets may not be achieved within a certain period in the course of the acquisition of assets.
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| Use | Investment ratio by use |
|---|---|
| Logistics facilities (primary investment targets) | 90% or more |
| Other Real Estate (secondary investment targets) | 10% or fewer |
Investment region
To mitigate changes in earnings caused by economic fluctuations, earthquakes and other circumstances that may have significant effects on specific regions, the Company shall consider geographic diversification in the portfolio. Considering population distribution, regional gross production, consuming region markets and producing region markets, trends in logistics, including port logistics, and indicators to measure needs, the Company shall determine the target ratios of investment in the mid-to long-term of the geographical segments as stated below. The target ratios are targets in the mid-to long-term, and the targets may not be achieved within a certain period in the course of the acquisition of assets.
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| Area Classification | Target ratio |
|---|---|
| Tokyo Metropolitan Area | 50～80％ |
| Osaka Area, Nagoya Area and Fukuoka Area | 20～40％ |
| Other Area | 5～10％ |
- Tokyo Metropolitan area consists of Tokyo, Kanagawa, Chiba and Saitama Prefectures.
The Osaka area consists of Osaka, Kyoto and Hyogo Prefectures.
The Nagoya area consists of Aichi, Gifu and Mie Prefectures.
The Fukuoka area consists of Fukuoka and Saga Prefectures.
Other area consists of regions other than the above.