By Andy Wright
The Japanese real estate investment trust (J-REIT) market is a huge success, having outperformed the Topix and Topix Real Estate Index since 2002 by almost 20%.
Since the first two Japanese REITS were launched in September 2001, the market has rapidly grown to 15 J-REITS, created and listed on the Tokyo Stock Exchange and with a total market capitalization of $19 billion today.
And the pace is picking up.
According to Keiko Otsuki, executive director at Morgan Stanley in Tokyo, six funds have already...
