Participation in Co-investment in Rental Housing in the United States
Odakyu Electric Railway, through its US subsidiary, has acquired a partial stake in the rental housing "Ontario Town Square Townhomes" in Ontario, California. This is part of its strategy to expand real estate business in the US, where stable economic growth is expected.
📋 Article Processing Timeline
- 📰 Published: May 14, 2026 at 00:30
- 🔍 Collected: May 13, 2026 at 16:02
- 🤖 AI Analyzed: May 13, 2026 at 19:21 (3h 19m after Collected)
Odakyu Electric Railway Co., Ltd. (Headquarters: Shinjuku-ku, Tokyo; President: Shigeru Suzuki) announces that it has acquired a partial stake in the rental housing "Ontario Town Square Townhomes" (hereinafter, "the Property") in Ontario, California, through its wholly-owned US subsidiary, "Odakyu USA Inc.". The operation start date is April 1, 2026 (Wednesday).
The Property is an asset held by local real estate developer "GL Capital Partners" through its fund, and our company acquired a partial stake from this fund. This is a value-add investment strategy to enhance property value through renovations of common areas during the holding period, and then sell it.
Ontario, California, is an area with remarkable employment and population growth, and stable rental housing demand is expected in the future due to the limited supply of new rental housing. Among these, the city center where the Property is located offers excellent transportation access to major highways, approximately 40 minutes by car to downtown Los Angeles, and approximately 30 minutes by car to various cities in the Riverside-San Bernardino metropolitan area. In addition, commercial facilities and daily convenience facilities are concentrated, while a calm residential environment is maintained.
The Property is a 3-story rental housing complex completed in 2009, consisting of 140 units, mainly multi-room types intended for families. Compared to competing properties in the surrounding area, the room area is larger, featuring a spacious living space.
Under the management vision "UPDATE Odakyu ~Towards a Regional Value Creation Company~", the Odakyu Group is committed to creating value along the Odakyu railway lines and in the regions where it operates, while considering environmental and social sustainability. Regarding its real estate business, in addition to initiatives centered on the Odakyu railway lines, the company aims to expand its short-term recovery business in the US and Australia, where stable economic growth is expected, by participating in joint ventures with Japanese and local partners.
In the US, since establishing a local subsidiary in February 2020, the company has participated in rental housing development projects in Shoreline City (Seattle metropolitan area) and Montclair City (Los Angeles metropolitan area). Our company has built relationships with local US real estate developers through fund investments, etc., and against this background, we aim to further increase opportunities for business participation in the country and expand profits.
■ Property Overview
Name
Ontario Town Square Townhomes
Location
380 East Bluebird Privado
Ontario California 91764
Site Area
21,933㎡
Total Building Area
29,590㎡ (approx. 138.79㎡/unit)
Number of Units
140 units
Number of Floors
3 floors
■ Property Exterior/Interior
Property Exterior
Example of Property Interior (Living Room)
Plaza with BBQ grills
■ GL Capital Partners Overview
Location
Pleasanton, California
Established
2008
Business Overview
Investment, operation, and property management agency services for rental housing mainly on the US West Coast
■ Odakyu USA Inc. Overview
Location
Honolulu, Hawaii (Registered Office)
Established
2020
Business Overview
Real estate business in the US (rental, sales, development, etc.)
■ (Reference) Major Overseas Real Estate Investment Cases by Our Company
Alexan Shoreline (Rental Housing/Development / US)
Alexan Marlowe (Rental Housing/Development / US)
Box Hill (Residential Land Subdivision Business / Australia)
60 Margaret Street (Office/Value-add / Australia)
180 George Street (Office/Core / Australia)
■ (Reference) US Real Estate Developers with whom Our Company has Relationships through Fund Investments, etc.
TA Realty
Kennedy Wilson
TruAmerica Multifamily
Security Properties
GID
End
The Property is an asset held by local real estate developer "GL Capital Partners" through its fund, and our company acquired a partial stake from this fund. This is a value-add investment strategy to enhance property value through renovations of common areas during the holding period, and then sell it.
Ontario, California, is an area with remarkable employment and population growth, and stable rental housing demand is expected in the future due to the limited supply of new rental housing. Among these, the city center where the Property is located offers excellent transportation access to major highways, approximately 40 minutes by car to downtown Los Angeles, and approximately 30 minutes by car to various cities in the Riverside-San Bernardino metropolitan area. In addition, commercial facilities and daily convenience facilities are concentrated, while a calm residential environment is maintained.
The Property is a 3-story rental housing complex completed in 2009, consisting of 140 units, mainly multi-room types intended for families. Compared to competing properties in the surrounding area, the room area is larger, featuring a spacious living space.
Under the management vision "UPDATE Odakyu ~Towards a Regional Value Creation Company~", the Odakyu Group is committed to creating value along the Odakyu railway lines and in the regions where it operates, while considering environmental and social sustainability. Regarding its real estate business, in addition to initiatives centered on the Odakyu railway lines, the company aims to expand its short-term recovery business in the US and Australia, where stable economic growth is expected, by participating in joint ventures with Japanese and local partners.
In the US, since establishing a local subsidiary in February 2020, the company has participated in rental housing development projects in Shoreline City (Seattle metropolitan area) and Montclair City (Los Angeles metropolitan area). Our company has built relationships with local US real estate developers through fund investments, etc., and against this background, we aim to further increase opportunities for business participation in the country and expand profits.
■ Property Overview
Name
Ontario Town Square Townhomes
Location
380 East Bluebird Privado
Ontario California 91764
Site Area
21,933㎡
Total Building Area
29,590㎡ (approx. 138.79㎡/unit)
Number of Units
140 units
Number of Floors
3 floors
■ Property Exterior/Interior
Property Exterior
Example of Property Interior (Living Room)
Plaza with BBQ grills
■ GL Capital Partners Overview
Location
Pleasanton, California
Established
2008
Business Overview
Investment, operation, and property management agency services for rental housing mainly on the US West Coast
■ Odakyu USA Inc. Overview
Location
Honolulu, Hawaii (Registered Office)
Established
2020
Business Overview
Real estate business in the US (rental, sales, development, etc.)
■ (Reference) Major Overseas Real Estate Investment Cases by Our Company
Alexan Shoreline (Rental Housing/Development / US)
Alexan Marlowe (Rental Housing/Development / US)
Box Hill (Residential Land Subdivision Business / Australia)
60 Margaret Street (Office/Value-add / Australia)
180 George Street (Office/Core / Australia)
■ (Reference) US Real Estate Developers with whom Our Company has Relationships through Fund Investments, etc.
TA Realty
Kennedy Wilson
TruAmerica Multifamily
Security Properties
GID
End