Dai-ichi Life Insurance to invest in residential
The Dai-ichi Life Insurance Company has recently started investing in small-to-medium sized rental apartment buildings. According to Dai-ichi, insurance premiums collected from consumers are invested in government bonds, shares and acquiring office buildings.
Following the Lehman Shock, office rents dropped by a large degree, but the drop in residential rent was relatively smaller. Dai-ichi hope to achieve some stability by adding residential properties to their portfolio. They are targeting studio ~ 2-bedroom rental buildings as they are anticipating strong demand from singles and couples.Read more