TOKYO -- A tender offer by Singapore-based 3D Investment Partners for NTT Urban Development REIT Investment carries echoes of 2019, when Japan's deeply undervalued REIT market last turned bullish.
Markets
Will Japan REIT tender offer by activist fund spark market turnaround?
Singapore-based 3D's bid for higher stake harks back to 2019 upswing
Fifty-five of 57 real estate investment trusts in Japan have price/NAV multiples of less than 1, indicating that they are undervalued. (Photo by Sae Kamae)
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