• Bloomberg


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.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.