Tokyo: Lone Star Funds (‘Lone Star’) today announced that an affiliate of Lone Star Real Estate Fund VI, L.P. has successfully completed the sale of Tokyo ‚¬Å¡¬€¦¡¬€š¬¦¡¬€š¬…¡¬¦¡¬€š¬…¡¬‚¬¦¡¬¦¡¬€š¬…¡¬‚¬¦¡¬‚¬Å¡¬¦¡¬¦¡¬¦¸ (‘Tokyo Beta’), one of the largest rental property assets in Tokyo.

According to BERNAMA News Agency, Tokyo Beta was formed by Lone Star following the successful purchase of over one thousand non-performing loans in Japan between early 2020 and late 2022. Following its acquisition, Lone Star restructured the management of nearly 1,200 shared houses from a total of more than 200 different individual property managers. This restructuring aimed to streamline operations on a single coordinated platform of affordable rental units designed for and utilized by young professionals and students.