Invesco Real Estate Acquires Prime Residential Portfolio in Tokyo

April 1, 2026 Invesco Global Real Estate Asia Pacific Inc. (Representative in Japan: Takanori Yamada, Location: Minato-ku, Tokyo), the Japanese base of Invesco Real Estate, the real estate investment arm of Invesco Group, a leading independent global investment management company, is pleased to announce that Invesco Real Estate has executed an investment in a prime residential portfolio located in Tokyo through a fund managed by Invesco Real Estate. The portfolio subject to this investment comprises 13 newly built rental apartment properties located within Tokyo, with approximately 540 units in total and a total floor area of approximately 20,000 square meters. All properties are situated in prime residential areas of Tokyo, have maintained high occupancy rates since completion, and offer excellent access to major urban terminal stations, a convenient surrounding living environment, and high-quality living specifications. We evaluate these characteristics as making this portfolio an attractive collection of residential assets that combine prime location, high occupancy, and high specifications. Invesco Real Estate views the Japanese real estate market as an attractive investment opportunity offering both stability and growth. Particularly in central Tokyo, continued and robust growth in housing demand is expected, primarily driven by young professionals and working-age individuals who prioritize commuting convenience and living amenities. Meanwhile, new supply is subject to certain constraints due to rising construction material costs and labor shortages, leading us to believe that the rarity and growth potential of prime residential assets will remain at a high level. Zoh Kitamura, Deputy Manager of the Investment Department, who led this acquisition, commented: "We are extremely pleased to have completed the acquisition of this portfolio, consisting of 13 properties and approximately 540 units, with the cooperation of many stakeholders. This investment has allowed us to incorporate prime Japanese assets into the fund managed by Invesco Real Estate. The portfolio acquired this time is not only newly built but also offers excellent access to major urban terminal stations, high property specifications, and is located in highly sought-after areas for young professionals and working-age individuals due to their superior living convenience. We have successfully invested in a very attractive portfolio comprising properties with strong appeal to tenants. Currently, there is continued population inflow into central Tokyo, primarily among young professionals and working-age individuals, and housing demand in central Tokyo is expected to continue expanding steadily. Amidst supply constraints for rental condominiums due to soaring material costs and labor shortages, we believe that the growth potential of residential assets remains high. Invesco Real Estate has been investing in Japan primarily through its managed funds. We are convinced that Japan is one of the most attractive investment destinations with a real estate market offering both stability and growth potential. This investment focuses on the growth potential backed by asset stability. We will continue to actively seek investment opportunities in such stable and growth-oriented assets. Furthermore, leveraging the operational and asset management capabilities cultivated over approximately 27 years since the establishment of our Japan office, we will engage in various asset classes for value-add investments that enhance the latent value of real estate." Sincerely, About Invesco Invesco Ltd. ("Invesco") is a leading independent investment management company providing global capabilities, with the corporate purpose of "making a richer life through the power of investment." Invesco offers comprehensive solutions to meet the asset management needs of individual and institutional investors worldwide, by consolidating the group's collective strengths and leveraging its distinctive investment capabilities honed in global markets. Invesco has offices in over 20 countries and is listed on the New York Stock Exchange (stock ticker: IVZ). More information about Invesco can be found on our website (in English). About Invesco Real Estate Invesco Real Estate, a business unit of Invesco Group, focuses on core investment management while also having a track record in value-add and opportunistic investment management. It possesses multifaceted real estate investment management expertise in areas such as lease-up, renovation, property sales, and leverage control. It operates globally with 21 offices in 16 countries worldwide. Invesco Global Real Estate Asia Pacific Inc. Financial Instruments Business Operator: Kanto Local Finance Bureau (Kinsho) No. 583 Real Estate Transaction Agent: Governor of Tokyo (5) No. 79625 Comprehensive Real Estate Investment Advisor: Minister of Land, Infrastructure, Transport and Tourism (Comprehensive) No. 171 Associations: General Incorporated Association Investment Management Association / General Incorporated Association Type II Financial Instruments Business Association Invesco Global Real Estate Asia Pacific Inc. 14F, Roppongi Hills Mori Tower, 6-10-1 Roppongi, Minato-ku, Tokyo 106-6114 Telephone: 03-6447-3300 Keywords: Real Assets, Asset Management Company, Real Estate, Rental Housing, Core Plus, Value Add, Cash Flow, Investment Opportunity, Fund, Invesco