Daiwa House REIT’s $315 Million Follow-On Offering

Simpson Thacher represented the international joint lead managers in connection with a follow-on offering of Daiwa House REIT Investment Corporation, which included an international offering to institutional investors pursuant to Rule 144A and Regulation S.

The offering raised approximately ¥35.2 billion (approximately US$315 million) for the issuer, which will be used with bank financing to fund the acquisition of additional logistics, retail and hotel properties. Morgan Stanley, Daiwa Capital Markets Europe and Nomura acted as international joint lead managers for the offering.

The Simpson Thacher team included Alan Cannon (Picture), David Snowden and Lowell Battles (Capital Markets); Jon Cantor and Caroline Phillips (Tax); and Jennie Getsin (Blue Sky).

Involved fees earner: Caroline Phillips – Clifford Chance; Lowell Battles – Simpson Thacher & Bartlett; Alan Cannon – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; David Snowden – Simpson Thacher & Bartlett;

Law Firms: Clifford Chance; Simpson Thacher & Bartlett;

Clients: Daiwa Capital Markets Europe Limited; Morgan Stanley; Nomura;