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saka skyline (photo by SeanPavone/Envato)
Morgan Stanley Real Estate Investing closed its first Japan‑focused fund, raising 131 billion yen ($900 million)—nearly double its original 75 billion‑yen target. The North Haven Real Estate Japan Strategy Fund I (JSF) drew most of its capital from Japanese pension funds, underscoring the growing foreign appetite for Japan’s property market.
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