<article>U.S. investment fund Blackstone Group is to reacquire a portfolio of rental apartments in Japan for 300 billion yen ($2.8 billion), the Nikkei Asian Review has learned, marking the largest real estate deal in the country’s history.</article>

U.S. investment fund Blackstone Group is to reacquire a portfolio of rental apartments in Japan for 300 billion yen ($2.8 billion), the Nikkei Asian Review has learned, marking the largest real estate deal in the country’s history.
The record purchase of the apartments, which Blackstone previously sold in 2017, highlights the moves being made by foreign companies that are further pushing up Japan&#8217;s rising real estate prices.
Japanese properties have been experiencing high yields, taking low interest rates into consideration.
The deal will see Blackstone purchasing approximately 220 rental apartment buildings across Japan through its operating fund from Beijing-based Anbang Insurance Group.
Blackstone first acquired most of the apartments in 2014 for an estimated 200 billion yen before selling them, together with some additional properties, to Anbang for close to 260 billion yen in 2017.
The previous largest deal in Japan was made by Morgan Stanley in 2007 when the finance company acquired 13 hotels in the country at the cost of nearly 280 billion yen from ANA.
This article was first published on <a href="https://asia.nikkei.com/Business/Markets/Property/Blackstone-to-seal-Japan-s-largest-ever-real-estate-deal-for-2.8bn">Nikkei Asian Review</a>.

The deal highlights the moves being made by foreign companies that are further pushing up Japan's rising real estate prices.

Blackstone set to ink Japan's largest ever real estate deal for $2.8b

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Blackstone set to ink Japan's largest ever real estate deal for $2.8b

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