As part of PERE’s 2025 Japan Report, Tetsu Yaoka, TPG Angelo Gordon’s co-portfolio manager of Asia Real Estate and Head of Japan Real Estate, discusses Japan’s robust real estate investment landscape given stability in the market.

“There is a very strong domestic institutional investor base in the Japanese real estate market. Historically, these investors have focused on core real estate investments, but in the current rising rate environment, many are now increasing allocations to value-add strategies to enhance returns.”