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Mitsubishi Estate fund joins key US real estate index

Japanese developer rubs shoulders with American and European asset managers

The Manhattan skyline from the Empire State Building: Mitsubishi Estate is working to expand its overseas real estate fund business.   © Reuters

TOKYO -- A property fund affiliated with Japan's Mitsubishi Estate has been included in a leading U.S. real estate investment index, in a first for an Asian asset manager.

The fund, oriented toward institutional investors and managed by U.S.-based TA Realty, joined the NFI-ODCE in the April-June quarter.

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