TOR Realty strives to capture unique investment opporutnities that provide steady and attractive capital growth in today’s ever-changing and volatile market.
We strategically invest in and develop real estate assets, concentrating on multi-family and hospitality sectors.
Our objective is to achieve stable cash flow while delivering attractive, risk-adjusted returns.
Additionally we provide advisory services on select assets and transactions.
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– Orient Securities US$300m Senior Notes Offering (2022)
– Weibo US$385m HK Listing (2021)
– JD.com US$3.8bn HK Listing (2020)
– Beijing Capital Land US$500m Senior Notes Offering (2020)
– New Oriental Education US$1.3bn HK Listing (2020)
– Modern Land US$250m Senior Notes Offering (2020)
– E-house US$200m Senior Notes Offering (2020)
– Yango Group US$300m Senior Notes Offering (2020)
– Zhongliang Real Estate Debut US$250m Senior Notes Offering (2019)
– Zhongliang Real Estate US$400m HK IPO (2019)
– China Vast Industrial Development US$180m Senior Notes Offering (2019)
– Yuexiu Property / Yuexiu REIT US$140m Exchangeable Bond Offering (2019)
– Koolearn US$200m HK IPO (2019)
– CIMC Vehicle US$220m HK IPO (2019)
– Chong Hing Bank US$592m Share Placement and Rights Offering (2018)
– Sunac China US$1bn Senior Notes Offering (2018)
– China Oceanwide US$175m Senior Secured Loan (2018)
– Qudian US$1bn US IPO (2017)
‒ Represented a Singaporean REIT in the acquisition of nursing home and hospital portfolios in Japan (2015-2017)
‒ Assisted a Japanese conglomerate firm in the equity investment in the building development project in New York city (2015)
‒ Represented an Australian developer in refinancing for its development project in the Greater Tokyo area (2018)
‒ Represented a US asset management firm in the securitization of hotels, logistics and office buildings in Japan (2019-2020)
‒ Represented a Spanish investment fund in the acquisition and management of solar panel plant portfolios in the Kyushu area in Japan (2020)
‒ Represented a Japanese trading company in establishing offshore investment funds targeting various real properties in Asia (2020-2021)
‒ Represented a US investment firm in the bulk sales and securitization of office buildings and warehousing facilities (2014-2016)
‒ Represented a Singaporean bank, Japan branch in providing debts to a luxury hotel development project in Hokkaido, Japan (2020)
‒ Assisted a Canadian developer with the development of luxury condominiums in Tokyo, Japan (2019-2020)
‒ Represented a Japanese investment fund in the acquisition of shares in a hotel operator owning multiple hotels in Japan (2016-2017)
‒ Represented a US real estate investment fund in the securitization of data centers in Japan (2020)
Hospitality
– Equity offering for Invincible REIT’s 6 hotel portfolio acquisition, US$100MM (2016)
– Equity offering for Invincible REIT’s 11 hotel portfolio acquisition (sponsored by Fortress), US$300MM (2015)
– Exit strategy planning for Park Hyatt Shanghai (hotel segment of Shanghai World Financial Centre (SWFC)) (2011)
– Sales strategy for Mauna Lani Bay Hotel (Hawaii Island) owned by Tokyu, US$60MM (2008)
Residential
– Anbang International’s acquisition and disposition of c.US$3bn residential property portfolio in Japan (2017 and 2020)
– Private equity raising for Shui On Land’s knowledge centre / residential development fund, US$600MM (2014)
Office and Others
– M3 Capital / Evergreen’s acquisition of US$400MM self-storage owner / operator Quraz in Japan (2013)
– Mori Building’s strata-tile sale of SWFC office floors (approx. US$200MM) (2011)
– Private equity raising for CREED’s value-add office fund US$400MM (2008)
Equity and Finance
– Anbang International’s refinancing of US$1.0bn asset finance for residential portfolio in Japan (2019)
– Mirai REIT’s US$500MM IPO (2016)
– SOHO China’s US$1.0bn senior note (2012)
– Nippon Commercial REIT’s US$1.0bn IPO (2006)
Selected notable transactions including:
Hospitality Real Estate
– Acquisition of APA Hotel Kamataeki-Higashi (2023)
– The rebranding of Crystal Shinsaibashi Hotel to Folio Sakura Shinsaibashi Osaka by Banyan Tree Group, the first of Folio brand in Japan (2022)
– Acquisition of LiVEMAX Shinjuku Kabukicho Meijidori (2022)
– Acquisition of Prostyle Ryokan Tokyo Asakusa (2021)
– Acquisition of Crystal Shinsaibashi Hotel (2020)
Corporate Finance
– Li & Fung’s restructuring / US$1.1bn strategic divestment of product verticals to Fung Group & Hony Capital (2017)
– Crystal International’s US$512MM IPO (2017)
– Nan Fung’s US$500MM fixed-for-life perpetual (2017)
– Sun Hung Kai Properties’ US$500MM fixed-for-life perpetual (2017)
– Caesars Entertainment Corp’s 50% stake sell (US$241MM) in Incheon Korea Casino Project to R&F Properties (2016)
– VPower Group International Holdings Limited US$208MM HK IPO (2016)
– Champion REIT rating advisory (2016)
– Li & Fung US$2bn MTN setup (2016)
– New World China Land US$900MM Reg S bond offering (2014)
– Xinyi Solar’s US$101MM equity placement (2014)
– Kerry Logistics US$327MM HK IPO (2013)