Fund II

Seven Seas Japan Opportunity Fund II (SSJOF II)

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Fund II

Following Fund I, SSJOF II is our second discretionary investment management fund focused on value-add and opportunistic strategies. Fundraising and investment activities commenced in July 2024, and the Fund reached its final close in April 2026. The Fund is currently advancing projects centred on enhancing asset value through our in-house, hands-on asset management.

As of 31 March 2026, the Fund had undertaken seven projects with aggregate investment of approximately JPY 62.4 billion.

Case Studies

Residential

Location　Tokyo

An investment in a portfolio of 24 multi-family residential buildings located across Tokyo's 23 wards.

The investment was executed on a clear reading of the macro environment: renewed population inflow into central Tokyo following the pandemic, improved rental affordability driven by wage growth, and constrained new supply amid rising construction costs. A value-add project in which asset value is enhanced through a carefully designed leasing strategy, delivered as part of our hands-on asset management.

Hotel

Location　Tokyo, Osaka, Hokkaido

A further investment in an apartment hotel portfolio, building on Fund I.

Leveraging real-time market data generated from our existing investments to anticipate market cycles, the Fund acquired an additional seven properties in this emerging asset class ahead of a broader run-up in competition for such assets. Across Funds I and II, the platform reached 20 properties as of April 2026, with the operator roster expanded to five hotel management companies.

Mixed-Use (Hotel / Office)

Location　Osaka

An investment in a mixed-use hotel and office building in the Osaka Bay Area.

A value-add project targeting improved property-level income through the conversion of underperforming office floors to hotel use, reconfiguration of existing hotel floors, and the addition of beds to increase guest capacity. Despite supply constraints arising from labour shortages and elevated construction costs, we secured a contractor through our proprietary network prior to closing and optimised specifications through detailed analysis, keeping the construction schedule and budget under control.

Logistics

Location　Greater Tokyo

An investment in two logistics facilities located along the Ken-O Expressway and National Route 16.

The Fund took a proactive approach to challenges facing core funds — rising vacancy amid a deteriorating supply–demand balance, and temporary cash-flow shortfalls arising from end-tenant consolidation of distribution networks — and executed the investment as a provider of solutions to those situations. An opportunistic project underwritten against a macro backdrop of reduced supply driven by construction-cost inflation and early signs of demand recovery.

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