Living Corporation's property crowdfunding sells out US$946.2K Branche Chiyoda fund
What's the deal? Living Corporation said its "Branche Chiyoda Fund 3," offered through its real estate crowdfunding platform property+, has sold out, raising its full US$947.7K target. The Tokyo-based firm opened the offering on July 22.
Why now? The close completes the Branche Chiyoda series, with all three funds from the current fundraising period now fully subscribed.
What's the endgame? property+ focuses on income-type funds backed by rental revenue from the firm's own completed developments. It contrasts these with capital-type deals that rely on properties still under development or on resale profits, arguing income funds offer steadier returns.
To limit investor risk, the funds use a "preferred-subordinated structure," under which the operator's capital absorbs losses first, and master lease contracts that guarantee a set rental income even when units sit vacant.
The signal: Living Corporation, founded in August 2015, said it aims to open access to prime real estate — long limited to wealthy individuals and select corporate investors — to retail and first-time investors. Repeated sellouts suggest steady demand for small-ticket property exposure in Japan.
Read more: PR TIMES
Image credit: Living
