What a wild unprecedented year this has been! Glimpses of hope abound on the horizon though. We have gathered a small panel of experts to spy through their looking glass into the future and give us insight. Join us on December 14 in the fantastic world of ZOOM for a short presentation on what 2021 possibly holds for Asia and Japan, followed with a discussion by our esteemed panel on the world of Japanese real estate in 2021.
Hiroshi Takagi is the leader of our financial services and real estate tax practice in PwC Tax Japan and he is also the leader of the real estate sector for PwC Japan. Hiroshi joined PwC Tax Japan in 2001 and has extensive experience in working with financial institutions and real estate firms to invest inbound into the Japanese financial and real estate market as well as working with domestic financial institutions and real estate firms to invest outbound. Before Hiroshi joined PwC, he worked at the Japanese bank and the US based investment bank and participated in establishing a real estate management company. Hiroshi graduated from the University of Tokyo and the University of Chicago graduate school of business. He is a Certified Public Accountant of Japan and the US and a licensed Japanese certified public tax consultant. He also holds CFA of Japan and US as well.
Dan has over 30 years of experience in the Japanese real estate market, as an investor and investment banker. Prior to joining GreenOak, a BentallGreenOak predecessor firm, Dan founded and led GTO Capital Management, an investment firm where he advised and co-invested with clients in the United States and Japan. Previously, as Chief Investment Officer for Japan for Aetos Capital Asia, he led a Tokyo-based real estate team of over 100 professionals and grew assets under management by over $6 billion. Klebes started his career in 1987 at Goldman Sachs and spent 10 years as a real estate investment banker in Tokyo and New York. In 1997, he founded Goldman Sachs’ Japanese Real Estate Principal Investment Area, where he led the acquisition of over $5 billion of Japanese real estate-related investments and helped build Goldman’s property investment and asset management operations from startup to over 200 professionals. Dan holds a bachelor’s degree from Georgetown University’s School of Foreign Service and a master’s degree in East Asian Studies from Stanford University. He has lived in Japan for more than 15 years and is fluent in Japanese.
Prior to joining Fortress, Yamashita was in Morgan Stanley’s Securitized Product Group where he led many financings involving corporate restructurings, a management buyout, property acquisitions, pre-REIT bridge financing, and other real estate-related financial transactions. From 1984 to 2005, Yamashita worked at the Development Bank of Japan (DBJ) where he led financings in Japan involving infrastructure, property, hospitals, and project finance. Yamashita received a Bachelor’s degree from Hitotsubashi University in 1984 and a Master’s in Public Administration from Harvard University’s Kennedy School of Government.
Mr. Fujita has over 35 years of experience in real estate industry. He started his career at Sumitomo Realty & Development K.K. with which he spent 5 years for residential condo development in Japan and over 13 years in U.S. to lead Sumitomo Realty’s U.S. operation Joined CB Richard Ellis Investors Japan KK in 2002 as Managing Director, and he led to establish a first foreign sponsored J-REIT which went public in 2004. After his 3 years tenure as Executive Officer of the J-REIT and President of its asset management company, he was asked to lead Its sponsor company, K.K. New City Corporation as President and Group President of its affiliates. Mr. Fujita joined ING Real Estate Investment Management K.K. (presently CBRE Global Investors Japan K.K.) as Director in June 2009, and became Managing Director, and Country Manager- Japan from July 2010 (current) and also serves as a member of the investment committee of APAC region.
Shuji Tomikawa is President of Mitsui Fudosan Investment Advisors, Inc. (MFIA) and Group Officer at Mitsui Fudosan Co. Ltd. Prior to his current post she served as Managing Officer and Chief Operating Officer of Real Estate Solution Services Division of Mitsui Fudosan. He was one of the founding members of MFIA established in October of 1997, where he served as Managing Director in charge of Client Relations. Between 1989 and 1995 he was Vice President at Mitsui Fudosan’s New York subsidiary, Mitsui Fudosan (New York), Inc. and oversaw the asset management of Mitsui Fudosan’s East Coast portfolio including 1251 Avenue of the Americas and 461 Fifth Avenue buildings. Tomikawa was Chairman of ULI Japan between 2016 and 2018, an adjunct lecturer at Keio University between 1998 and 2007, and a member of University of Cambridge’s Real Estate Finance Advisory Board between 2004 and 2007. Tomikawa received a B.A. in Economics in 1983 from Keio University and an MBA in 1988 from Harvard Business School.