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Daiwa Real Estate Asset Management Co., a unit of the nation’s second-largest brokerage, will set up a health-care real estate investment trust that will own nursing homes and hospitals in the world’s fastest-aging society.

Daiwa Real Estate plans to start operating the trust with about ¥10 billion as early as March and list the shares on the Tokyo Stock Exchange by mid-2014, the company said in a statement through the bourse Thursday.

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