Daiwa House REIT ¥33.6 Billion Secondary Offering

Simpson Thacher Advised International Joint Lead Managers on the deal.

Daiwa House REIT Investment Corporation executed its follow-on offering to institutional investors pursuant to Rule 144A and Regulation S. The offering raised approximately ¥33.6 billion (approximately US$305 million). Morgan Stanley, Daiwa Capital Markets Europe and Nomura acted as international joint lead managers for the offering. 

Daiwa House REIT Investment Corp. is a real estate investment trust (REIT) which invests in securitized real estate products. The Company mainly invests in residential rental properties and commercial properties. 

The Simpson Thacher team included Alan Cannon (Picture) and Lowell Battles (Capital Markets); Jon Cantor and Kris Liu (Tax); and Jennie Getsin (Blue Sky).

Involved fees earner: Lowell Battles – Simpson Thacher & Bartlett; Alan Cannon – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Kris Liu – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

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

Author: Sonia Carcano