Japan as the NNN leased investment market begins to show signs of a turnaround
Angelo Gordon & Co., a New York- based manager with $24
billion in assets, is seeking to boost Japan net lease properties investments amid signs of
a recovery, after acquiring about $650 million NNN leased investments in the country
the past two years.
Angelo Gordon is seeking bargains in Japan as the NNN leased investment market begins to show signs of a turnaround. Office buildings in Tokyo provided
a 3.4 percent total return, including rental income and capital value, in 2011,
after a 0.5 percent gain a year earlier, based on data compiled by RREEF, a
property investment arm of Deutsche Bank AG. Before that, the market had three
straight years of decline, the data showed.
Total return for NNN leased investment properties in the U.K. rose to as high as
15 percent in 2010 and fell by half last year, while properties in the U.S.
climbed for two straight years after posting two annual losses, based on data
compiled by RREEF.
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