Dash Living Acquires Tokyo Multifamily Portfolio

Dash Living has announced the acquisition of eight multifamily assets in Tokyo with a gross asset value of approximately US$400 million. The portfolio spans around 550 keys across prime residential districts, including Kuramae, Ryogoku and Nezu, with additional properties in Toranomon, Shinjuku, Hatagaya, Nishi Shinjuku Gochome and Azumabashi to be completed in phases through 2026.

The portfolio includes a mix of operational assets and ground-up developments, with tenanted properties set to transition gradually into Dash Living’s management platform.

“What excites me most about this portfolio is not just the quality of the assets, but what it represents for our institutional partnerships,” said Aaron Lee, CEO and Founder of Dash Living. “Our ability to source, structure, and operationalise investments of this calibre is what sets Dash Living apart, and we look forward to bringing more partners along as we continue to curate and grow this portfolio across the region.”

Joe Gagnon, Co-Head of Rava Partners and partner at Hillhouse Investment, added, “We are highly impressed with Dash Living's investment capabilities and, more importantly, their proven ability to generate rental uplift across their assets, supported by a proprietary tech-enabled platform that enhances asset performance and efficiency. Our conviction in the Dash Living platform and these investments remains strong, and we are excited to grow our institutional partnerships.”

Following the acquisition, Dash Living’s portfolio now exceeds 2,000 keys across 42 locations in Hong Kong SAR, Singapore and Japan. The company manages over US$1.1 billion in assets under management and employs more than 250 professionals, partnering with institutional investors such as BlackRock, Greystar, PGIM, Schroders and TE Capital.