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Message from the Chairman |
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To Foster the Healthy Growth of the Real Estate Securitization Market
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Hiromichi Iwasa
Chairman of the Association
for Real Estate Securitization
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The Association for Real Estate Securitization is a nonprofit public benefit organization established aiming to secure social trust in real estate securitization products and to conduct activities for protecting investors.
The Japanese real estate securitization market has been continuously expanding mainly among J-REITs and private funds markets. The securitization has enabled the infusion of sufficient funds into the real estate market, which has accelerated the excellent urban redevelopments. Today, the real estate securitization market has realized a remarkable growth and plays an important role in vitalizing Japanese economy. However, there are many issues remaining that may hinder the further growth, such as lack of penetration of the products among domestic investors, shortage of human resources necessary to organize funds, and insufficient supply of investment properties. There is also a need to respond to the rapid globalization of real estate investment.
Under these circumstances, ARES is actively involved in the following seven activities towards the achievement of our second medium-term goals (fiscal 2006-2008) of “Developing a fair, highly transparent and solid market.”
(1) Building an information infrastructure and investment environment that are beneficial for investors
(2) Reinforcing the investor protection measures and encouraging business operators to comply with relevant rules
(3) Development of capable human resources
(4) Constructing and upgrading the system infrastructure
(5) Studying and promoting measures for real estate liquidation
(6) Expansion of the financial market including the secondary market
(7) Responses to the globalization of real estate investment
We will pursue our mission of promoting the sound development of the real estate securitization market by realizing deregulation to enable the development of products which meet the various needs of investors, constructing and improving the market infrastructure, and providing necessary information to investors, in tandem with taking measures to protect investors.
July 2006
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