Profile

(As of July 1, 2020)

Company Japan Hotel REIT Advisors Co., Ltd.
Location Ebisu Neonato 4F, 4-1-18 Ebisu, Shibuya-ku, Tokyo 150-0013 map
Establishment August 10, 2004
Capital JPY300M
Board Members
President & CEO Hisashi Furukawa
Apr. 1982 Sumitomo Realty & Development Co., Ltd.
Building Business Department
Jan. 1984 Subsidiary of Sumitomo Realty & Development Co., Ltd. in the U.S.
Jul. 1990 Morgan Stanley Japan Limited (present, Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.)
Executive Director, Real Estate Group, Investment Banking Division
Apr. 2000 Warburg Dillon Read (Japan) Limited (present, UBS Securities Co., Ltd.)
Co-head and Executive Director, Real Estate Sector Team, Corporate Finance Division
May 2004 Rockpoint Group, L.L.C
Representative, Japan Office and Principal
Jun. 2014 Japan Hotel REIT Advisors Co., Ltd.
Representative Director and President
Sep. 2019 Japan Hotel REIT Advisors Co., Ltd.
President & CEO (current)
Director of the Board Toshitaka Ishido
Apr. 1999 Value Management Institute, Inc.
Jul. 2002 KPMG Business Advisory LLC (Tokyo Branch) (present, KPMG FAS Co., Ltd.)
Hospitality Advisory Group
Aug. 2003 KPMG FAS Co., Ltd.
Manager, Hospitality Group
Sep. 2006 Japan Hotel & Resort K.K.
Senior Manager, Acquisitions Department
Apr. 2007 Japan Hotel & Resort K.K.
Director and Senior General Manager, Asset Management Department
Apr. 2012 Japan Hotel REIT Advisors Co., Ltd.
Senior General Manager, Investment Division and General Manager, Acquisitions
Mar. 2013 Japan Hotel REIT Advisors Co., Ltd.
Director, Senior General Manager, Investment Division and General Manager, Acquisitions
Mar. 2015 Japan Hotel REIT Advisors Co., Ltd.
Director and Senior General Manager, Investment Division
Sep. 2019 Japan Hotel REIT Advisors Co., Ltd.
Managing Director, Director of the Board, Head of Investment Division (current)
Director of the Board Noboru Itabashi
Apr. 1995 Asahi Sangyo Kaisha, Ltd.
Fabricated Metals Department
Jan. 1998 Rothmans Japan(present, British American Tobacco Japan, Ltd.)
Finance Department
Aug. 1999 Sun Microsystems K.K. (present, Oracle Information Systems Japan G.K.)
Field Finance Division
Sep. 2006 Japan Hotel & Resort K.K.
Senior Manager, Finance and Accounting Division
Apr. 2007 Japan Hotel & Resort K.K.
Senior General Manager, Operations Division
Apr. 2012 Japan Hotel REIT Advisors Co., Ltd.
General Manager, Accounting, Operations Division
Mar. 2015 Japan Hotel REIT Advisors Co., Ltd.
Director, Senior General Manager, Operations Division and General Manager, Accounting
Jun. 2019 Japan Hotel REIT Advisors Co., Ltd.
Director, Senior General Manager, Operations Division
General Manager, Finance
Sep. 2019 Japan Hotel REIT Advisors Co., Ltd.
Managing Director, Director of the Board, Head of Operations Division and Head of Finance Group (current)
Director of the Board & Chairman (Part-time) Suchad Chiaranussati
Oct. 1987 Central Bank of Thailand
Oct. 1991 Temasek Holdings
Assistant Manager
Nov. 1992 JP Morgan
Vice President
Nov. 1998 Central Bank of Thailand
Advisor
Apr. 1999 Westbrook
Managing Director and Principal responsible for Asian investment activities
Oct. 2007 SC Management Ltd.
Managing Director
May 2010 Rockrise Sdn Bhd
Director
Aug. 2010 Japan Hotel REIT Advisors Co., Ltd.
Director (part-time)
Mar. 2011 SC Capital Partners Pte. Ltd. (current, SCCP Asset Management Pte. Ltd.)
Director (current)
Aug. 2015 SC J-Holdings Pte. Ltd.
Director (current)
Oct. 2015 Japan Hotel REIT Advisors Co., Ltd.
Director and Chairman (part-time)
Sep. 2019 Japan Hotel REIT Advisors Co., Ltd.
Director of the Board and Chairman (part-time) (current)
Director of the Board (Part-time) Chua Keng Kim
Mar. 1988 Government of Singapore Investment Corporation (GIC)
Apr. 1995 Rodamco PACIFIC B.V./Rodamco Asia N.V.
Managing Director and Head of Investment Management
Jun. 2007 Travelsky Technology Ltd.
independent Non-Executive Director and member of the Audit Committee
Nov. 2007 Stonegate China Properties Limited
CEO
Sep. 2008 SC Management Ltd.
Managing Director 
Aug. 2010 Japan Hotel REIT Advisors Co., Ltd.
Director (part-time)
Aug. 2013 SC Core Manager Pte. Ltd. (present, SC J-Holdings Pte. Ltd.)
Director (current)
Dec. 2015 SC Capital Partners Pte. Ltd. (present, SCCP Asset Management Pte. Ltd.)
Director (current)
Sep. 2019 Japan Hotel REIT Advisors Co., Ltd.
Director of the Board (part-time) (current)
Director of the Board (Part-time) Hiroyuki Aoki
Sep. 1994 Deloitte & Touche LLP, New York Office
Accounting & Audit Department
Jun. 1997 Ingersoll-Rand Headquarters
Internal Audit Department
Nov. 2001 Arthur Andersen LLP (present, KPMG Tax Corporation)
Jul. 2002 Ripplewood Holdings LLC
Vice President, Hotel Investment Group
Aug. 2005 Creative Renovation Group Japan, Inc.
Vice President, Finance
Jan. 2008 Tokyo Venture Gear Co. Ltd.
Director
Nov. 2011 RE Capital Services Japan Co., Ltd. (present, SC Capital Partners Japan Co. Ltd.)
Representative Director (current)
Dec. 2011 Japan Hotel & Resort K.K.
Statutory Auditor (part-time)
Apr. 2012 Japan Hotel REIT Advisors Co., Ltd.
Director (part-time)
Sep. 2019 Japan Hotel REIT Advisors Co., Ltd.
Director of the Board (part-time) (current)
Corporate Auditor (Part-time) Shigeo Sekita
Apr. 1974 Daiwa Securities Co. Ltd.
Oct. 1979 Wako Securities Co., Ltd. (present, Mizuho Securities Co., Ltd.)
Mar. 1998 Wako International (Europe) Ltd.
President (secondment)
Jan. 2002 WestLB Securities Inc.
Director, Investment Banking Group
Aug. 2005 Credit Suisse Securities (Japan) Ltd.
Director, Structured Investment Department
Sep. 2010 Japan Hotel REIT Advisors Co., Ltd.
Advisor
Dec. 2010 Japan Hotel REIT Advisors Co., Ltd.
Representative Director
Dec. 2010 Nippon Hotel Fund Investment Corporation
(present, Japan Hotel REIT Investment Corporation)
Executive Director
Apr. 2012 Japan Hotel REIT Advisors Co., Ltd.
Corporate Auditor (part-time) (current)
Oct. 2013 Alpha Japan Asset Advisors Ltd.
Compliance Manager (current)
Management
Members
President & CEO Hisashi Furukawa
Managing Director, Director of the Board,
Head of Investment Division
Toshitaka Ishido
Managing Director, Director of the Board,
Head of Operations Division
and Head of Finance Group
Noboru Itabashi
Executive Director, Head of Public REIT Group,
Investment Division
Hiroki Fukasawa
Apr. 1991 The Chuo Mitsui Trust and Banking Company, Limited. (present, Sumitomo Mitsui Trust Bank, Limited.)
Mar. 2006 Sumisho Lease Co., Ltd.
(present, Sumitomo Mitsui Finance and Leasing Co., Ltd)
May 2007 Japan Hotel REIT Advisors Co., Ltd.
Jan. 2009 Japan Hotel REIT Advisors Co., Ltd.
General Manager, Investment Department
Apr. 2012 Japan Hotel REIT Advisors Co., Ltd.
General Manager, Asset Management, Investment Division
Jun. 2018 Japan Hotel REIT Advisors Co., Ltd.
General Manager, Public REIT, Investment Division
Sep. 2019 Japan Hotel REIT Advisors Co., Ltd.
Executive Director, Head of Public REIT Group, Investment Division (current)
Executive Director, Head of Acquisition Group,
Investment Division
Shigeo Nakazato
Apr. 1997 Japan Real Estate Institute
Appraisal Section, Osaka branch
Apr. 2001 Japan Real Estate Institute
Consultant Department
May 2007 Goldman Sachs Realty Japan, Ltd.
Acquisition Department
May 2011 Japan Hotel & Resort K.K. (secondment)
Manager, Acquisition Department, Investment Division
Oct. 2011 Japan Hotel & Resort K.K. (transfer)
Manager, Acquisition Department, Investment Division
Apr. 2012 Japan Hotel REIT Advisors Co., Ltd.
Manager, Acquisition Department, Investment Division
Jan. 2013 Japan Hotel REIT Advisors Co., Ltd.
Senior Manager, Acquisition Department, Investment Division
Sep. 2019 Japan Hotel REIT Advisors Co., Ltd.
Director, Acquisition Group, Investment Division
Jan. 2020 Japan Hotel REIT Advisors Co., Ltd.
Executive Director, Acquisition Group, Investment Division
Feb. 2020 Japan Hotel REIT Advisors Co., Ltd.
Executive Director, Head of Acquisition Group, Investment Division (current)
Executive Director, Head of Private Fund Group,
Investment Division
Azuma Takeda
Apr. 1995 L Kakuei Corp. (present, Haseko Real Estate Development Holdings Inc.)
Oct. 1999 Kineda Appraisal Corporation
Oct. 2000 Land Coordinating Research inc
Sep. 2003 Hudson Japan Servicer K.K.(present, Hudson Japan KK)
Vice President, Valuation Department
Nov. 2009 Hudson Japan Servicer K.K.(present, Hudson Japan KK)
Vice President, Hotel Operation Department
May 2016 Japan Hotel REIT Advisors Co., Ltd.
Senior Manager, Acquisitions, Investment Division
Jul. 2018 Japan Hotel REIT Advisors Co., Ltd.
General Manager, Private Fund, Investment Division
Sep. 2019 Japan Hotel REIT Advisors Co., Ltd.
Executive Director, Head of Private Fund Group, Investment Division (current)
Executive Director, Head of Special Projects,
Investment Division
Yasuhiro Nishiwaki
Apr. 1999 MORI TRUST CO., LTD.
Product Development Section, Sales Department
Nov. 2001 MORI TRUST CO., LTD.
Purchasing Department
Dec. 2009 MORI TRUST CO., LTD.
Hotel Asset Division and Pre-Opening Office of The Westin Sendai
Oct. 2010 MORI TRUST CO., LTD.
Manager, Hotel Asset Division
Oct. 2011 MORI TRUST CO., LTD.
Manager, Hotel Asset Division and
Mori Trust Hotels & Resorts Co., Ltd.
Manager, Innovation Business Department
May. 2015 Japan Hotel REIT Advisors Co., Ltd.
Senior Manager, Asset Management Department (present, Public REIT Department), Investment Division
Apr. 2019 Japan Hotel REIT Advisors Co., Ltd.
General Manager of Investment Division
Sep. 2019 Japan Hotel REIT Advisors Co., Ltd.
Executive Director, Head of Special Projects, Investment Division (current)
Head of Personnel & Administration Group,
Operations Division
Kazuyuki Udo
Apr. 1982 Mitsui Bank, Ltd. (present, Sumitomo Mitsui Banking Corporation)
Apr. 2001 Sumitomo Mitsui Banking Corporation.
Deputy Senior Director, Operations Planning Department
Nov. 2004 Japan Hotel REIT Advisors Co., Ltd.
General Manager, Finance Department
Apr. 2012 Japan Hotel REIT Advisors Co., Ltd.
General Manager, Financing and Planning, Financing and Planning Division
May 2013 Japan Hotel REIT Advisors Co., Ltd.
Director and General Manager, Management and Planning Office
Mar. 2015 Japan Hotel REIT Advisors Co., Ltd.
General Manager, General Affairs, Operations Division
Jun. 2019 Japan Hotel REIT Advisors Co., Ltd.
General Manager, Personnel and Administration,
Accounting and Reporting, Operations Division
Sep. 2019 Japan Hotel REIT Advisors Co., Ltd.
Head of Personnel & Administration Group and
Head of Accounting & Reporting Group, Operations Division
Mar. 2020 Japan Hotel REIT Advisors Co., Ltd.
Head of Personnel & Administration Group, Operations Division (current)
Executive Director, Head of Planning Group,
Operations Division
Makoto Hanamura
Apr. 1993 The Fuji Bank, Limited (present, Mizuho Bank, Ltd.)
Development Section, Foreign Exchange Department
Apr. 2000 Deloitte Tohmatsu Consulting Co., Ltd. (present, ABeam Consulting Ltd.)
Jan. 2001 Goldman Sachs Realty Japan, Ltd.
Transaction Management Department
Apr. 2012 Japan Hotel REIT Advisors Co., Ltd.
Senior Manager, Finance and Planning, Finance and Planning Division
May 2013 Japan Hotel REIT Advisors Co., Ltd.
General Manager, Finance, Finance and Accounting Division
Apr. 2014 Japan Hotel REIT Advisors Co., Ltd.
Senior Manager, Management & Planning Office
Mar. 2015 Japan Hotel REIT Advisors Co., Ltd.
General Manager, IR, Operations Division
Jun. 2019 Japan Hotel REIT Advisors Co., Ltd.
General Manager, Planning, Operations Division
Sep. 2019 Japan Hotel REIT Advisors Co., Ltd.
Executive Director, Head of Planning Group, Operations Division (current)
Executive Director, Head of Accounting & Reporting Group,
Operations Division
Yohei Takagi
Apr. 1994 The Yasuda Mutual Life Insurance Company
(present, Meiji Yasuda Life Insurance Company)
Jan. 1998 Salomon & TaylorMade KK (present, TaylorMade Golf Company, Inc.)
Accounting Section
Jan. 2000 Salomon & TaylorMade KK
Section Manager, Accounting Section
Oct. 2000 Premier Asset Management Company Co. Ltd.
May 2001 GMAC Commercial Mortgage Japan KK (transferred)
Vice President, Accounting Section
Nov. 2004 KEYENCE CORPORATION
Accounting Department
Feb. 2005 Goldman Sachs Realty Japan, Ltd.
Accounting Manager, Accounting Department
Jan. 2013 Goldman Sachs Realty Japan Holdings, Ltd (transferred)
Vice President, Controllers Department
Jan. 2017 Goldman Sachs Japan Co., Ltd. (transferred)
Vice President, Controllers Department
Oct. 2019 Japan Hotel REIT Advisors Co., Ltd.
Executive Director, Private Fund Group, Investment Division
Mar. 2020 Japan Hotel REIT Advisors Co., Ltd.
Executive Director, Head of Accounting & Reporting Group,
Operations Division (current)
Executive Director, Compliance Officer Masashi Konno
Aug. 2002 Nishikawa Sangyo Co., Ltd (present, NISHIKAWA CO., Ltd.)
Information System Department, Business Headquarters
May 2006 Bradea Corporation (present, INTERTRADE Co., Ltd.)
Information Technology Department
Dec. 2008 KPMG AZSA & Co. (present, KPMG AZSA LLC)
IT Audit
Nov. 2010 Tokyu Land Capital Management Inc.
Corporate Planning & Administration Department (temporary)
Apr. 2012 Tokyu Land Capital Management Inc.
Submanager, Corporate Planning & Administration Department
Oct. 2016 Global Logistics Properties K.K. (present, GLP Japan K.K.)
GLP Japan Advisors Inc. (secondment)
Manager, General Administration Department
Apr. 2018 GLP Japan K.K. (returned from secondment)
Compliance Officer
Manager, Legal & Compliance Department
Sep. 2018 Japan Hotel REIT Advisors Co., Ltd.
Senior Manager, Compliance Office
Jul. 2020 Japan Hotel REIT Advisors Co., Ltd.
Executive Director, Compliance Officer (current)
Shareholders
Rockrise Sdn Bhd(*) 87.6%  
Kyoritsu Maintenance Co., Ltd. 10.3%  
ORIX Corporation   2.1%  
Registration
and Licenses
Building Lots and Buildings Transaction Business Operator, Governor of Tokyo (4) No. 83613
Discretionary Transaction Agent by Minister of Land, Infrastructure, Transport and Tourism No. 38
Financial Instruments Trading Company, Director-General of Kanto Local Finance Bureau No. 334
Member of The Investment Trusts Association, Japan
Member of The Japan Investment Advisers Association
(*) Rockrise Sdn Bhd is a corporation belonging to SC CAPITAL PARTNERS Group. SC CAPITAL PARTNERS Group, which includes SC Capital Partners Pte. Ltd. based in Singapore (Founder and Chairman: Suchad Chiaranussati), is an independent investment management company which focuses on Asian and Oceanian real estate markets.

History

(As of June 21, 2019)

August 10, 2004 Established Japan Hotel REIT Advisors, Co., Ltd. (JHRA)
September 24, 2004 Obtained the Real Estate Brokerage license
(License Number: The Governor of Tokyo No. (3) 83613)
June 29, 2005 Obtained approval for entrustment-based agency services for transactions license, etc.
based on the Real Estate Brokerage Act
(Approval Number : Minister of Land, Infrastructure, Transport and Tourism Approval, No.38)
October 4, 2005 Obtained approval for asset management business of investment corporation
based on the Act on Investment Trust and Investment Corporations
prior to enforcement of amendment of the Act for Partial
Revision of the Securities and Exchange Act, etc. (Act No. 65 of 2006)
(Approval Number : The Prime Minister No. 54)
September 30, 2007 Deemed registration for an investment management business (*1)
(Registration Number : Director of Kanto Local Finance Bureau (Kinsho), No. 334)
April 1, 2012 Merged with Japan Hotel & Resort K.K. (*2)
June 19, 2018 Registration for initiation of investment advisory business (*3)
July 17, 2018 Submitted modification of Statement of Operational Procedures for
initiation of investment advisory business and discretionary investment
management business (*3)
(*1) JHRA was eligible under the supplementary provisions of the Article 159, paragraph (1) of the Act for Partial Revision of the Securities and Exchange Act (Act No. 65 of 2008) and JHRA is deemed to have received the registration as a financial instruments business operator who execute the investment management business on September 30, 2007. JHRA submitted the documents specified in the same supplementary provisions of the Article 159, paragraph 2 to the Prime Minister on November 15, 2007.
(*2) JHRA executed absorption-type merger on April 1 2012 as the effective date under the merger, JHRA was the surviving company and Japan Hotel and Resort K.K., the former asset management company of Japan Hotel & Resort, Inc. was the resolving company.
(*3) JHRA submitted amendment of registration to the Financial Securities Agent on June 19, 2018 in order to commence investment advisory business for funds and clients other than JHR, and it was approved on the same day. Along with investment advisory business, in order to initiate discretionary investment management business, we decided to change our internal organization etc. for two new businesses, and submitted the modification, etc. of Statement of Operational Procedures on July 17, 2018.

Organization

  • Shareholders Meeting
  • Auditor
  • Board of Directors
  • Investment and Operation Committee
  • Compliance Committee
  • President & CEO
  • Investment Division
  • Operations Division

(As of September 1, 2019)

【Click the name of each Group in the organization chart above to see the main business of each department.】

Acquisition
Group
  • Business related to market research and analysis of real estate and hotel, etc.
  • Business related to execution of business plan for property acquisition and disposition
  • Business related to development of properties to be acquired and
    due diligence of investment opportunities, etc.
  • Business related to negotiation of target properties to be acquired or to be disposed, and conclusion of related contract

(As of September 1, 2019)

【Click the name of each Group in the organization chart above to see the main business of each department.】

Public REIT
Group
  • Business related to acquisition and disposition of assets under management by investment corporation
  • Business related to conclusion and management, etc. of contract, etc. related to assets under management by investment corporation
  • Business related to building management, CAPEX and evaluation, etc. of assets under management by investment corporation
  • Business related to development and management of management plan, and monitoring, etc. of operating status of assets under management by investment corporation

(As of September 1, 2019)

【Click the name of each Group in the organization chart above to see the main business of each department.】

Private Fund
Group
  • Business related to acquisition and disposition of assets under management by private fund
  • Business related to conclusion and management, etc. of contract, etc. related to assets under management by private fund
  • Business related to building management, CAPEX and evaluation, etc. of assets under management by private fund
  • Business related to developing and management of operating plan, and monitoring, etc. of operating status of assets under management by private fund
  • Business related to advice on loan and bond issurance by customers in relation with assets under management by private fund
  • Business related to selection of a company who executes offering of private fund, providing of information to such company and communication with private fund investors

(As of September 1, 2019)

【Click the name of each Group in the organization chart above to see the main business of each department.】

Planning
Group
  • Business related to corporate planning as a whole (annual management policy, etc.) for investment corporation
  • Business related to developing management plan, managing, operating and analyzing and managing risks of a whole portfolio
  • Business related to issuance of investment unit (including development of a plan)
  • Business related to research and analysis of REIT market and financial market, etc.
  • Business related to investor relations and communications with investors and analysts

(As of September 1, 2019)

【Click the name of each Group in the organization chart above to see the main business of each department.】

Finance
Group
  • Business related to borrowing by investment corporation (including issurance of investment corporation)
  • Business related to developing a funding plan and managing funds (including surplus funds) for investment corporation
  • Business related to receiving and maintaining of credit ratings of investment corporation and communicating with credit rating agenecies

(As of September 1, 2019)

【Click the name of each Group in the organization chart above to see the main business of each department.】

Accounting &
Reporting Group
  • Business related to accounting, financial settlements, tax reporting and handling audits for investment corporation and asset management company
  • Business related to preparation of Securities Report and documents related to financial report, etc. of investment corporation
  • Business related to developing a distribution plan (including usage of negative goodwill)
  • Business related to preparation of budget and management of operating results of investment corporation and asset management company
  • Business related to monitoring and managing of status of borrowings for whole assets under management by asset management company, cash management and expenditure settlement, etc.

(As of September 1, 2019)

【Click the name of each Group in the organization chart above to see the main business of each department.】

Personnel &
Administration
Group
  • Business related to operation of various meetings, etc. of investment corporation and asset management company
  • Business related to communication with regulatory authorities and relevant authorities for investment corporation and assetmanagement company
  • Business related to management and operation of website for investment corporation and asset management company
  • Business related to general affairs, administrative affairs and management of information system of asset management company
  • Business related to planning of personnel affairs such as arrangement of personnel system and organization etc. of asset management company

(As of September 1, 2019)

【Click the name of each Group in the organization chart above to see the main business of each department.】

Compliance Office
  • Business related to developing a policy for compliance, preparing and maintaining compliance system, supervising and training, etc. related to compliance
  • Business related to management, etc. of sensitive cooperate information, personal information and confidential information
  • Business related to internal audit and administrative inspection, etc.
  • Business related to handling of complaint and conflict

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