APREA Japan Annual Conference

From 2015 to 2023, he served as the President & CEO of Sumisho Realty Management, a subsidiary of Sumitomo Corporation, and expanded its AUM to over ¥700 billion. He diversified the firm's investments in structures such as SOSiLA Logistic REIT(publicly-traded) and SC Realty Private REIT(privately-placed) alongside a broad spectrum of separate accounts.

Earlier, at Sumitomo Corporation, he held pivotal roles and managed a comprehensive real estate portfolio in both Japan and the US, encompassing residential, commercial, and logistics sectors.

From 2024 to April 2025, he served as Director and Head of Strategic Business Division at ES-CON Japan. He is currently with Fortress Investment Group, where he is engaged in J-REIT related operations.

He graduated from Kyoto University in 1983 with a bachelor’s degree in architecture. Also, he is a licensed architect in Japan, an esteemed ARES Certified Master, APREA Board Member/Japan Chapter Chairperson and RICS Japan, MEG Co-chairperson (FRICS).

As the Director for Asset Management Business, Ms. Nakagawa supervises asset management industry in Japan and is also responsible for promoting the JFSA’s International Financial Center Initiative. Ms. Nakagawa joined the JFSA in 2000 and since then worked at various positions in the JFSA including financial markets division and market analysis office. She contributed to G20 Financial Track when Japan took on its Presidency in 2019 as the Director of the JFSA’s International Affairs Office. She was the Chair of the CPTPP Committee on Financial Services in 2021. She also worked at the Cabinet Office as a staff economist in 2004-2006.

She received her master’s degree in international relations from University of California, San Diego, and bachelor’s degree in economics from Keio University. She was a visiting fellow at Stanford University in 2012-13.

大和総研、大和証券SMBCを経て2010年より現職。20年近くにわたりJ-REIT市場の調査・分析に従事。Institutional Investor誌「All-Japan Research Team」REIT部門で2012～22年で11年連続1位。日経ヴェリタス誌「アナリストランキング」REIT部門で2016～2022年で7年連続1位。一般社団法人不動産証券化協会認定マスター。一般社団法人不動産証券化協会資格教育小委員会分科会委員。

Ms. Kong is a Senior Lead Japan Analyst on AEW’s Asia Pacific real estate securities team. Based in Singapore, she focuses on analyzing listed real estate companies and real estate markets in the Asia Pacific region. Prior to joining AEW, Ms. Kong worked at Aviva Investors Asia in Singapore as a portfolio manager with responsibility for Asian real estate mandates and, previously, as an analyst with key- person responsibility for research on property companies in Japan and Singapore. Prior to Aviva, Ms. Kong served as an equities analyst for Aetos Capital Management in Hong Kong with responsibility for fundamental research on a broad spectrum of Asian real estate companies. She holds a Bachelor’s Degree in Electrical Engineering from The University of Tokyo and is fluent in Japanese and Mandarin. Ms. Kong also is a CFA charterholder and holds the Chartered Alternative Investment Analyst designation.

田島正彦（たじままさひこ）ケネディクス不動産投資顧問株式会社　代表取締役社長
2005年ケネディクスに入社。ケネディクス不動産投資顧問にてREITのファイナンスおよびIR業務を統括。2015年ケネディクス取締役CFO企画部長に就任の後、2017年ケネディクス不動産投資顧問代表取締役社長に就任。前職では三井信託銀行の融資企画部、証券部等において証券化・流動化ビジネスの責任者を努めたのち、2000年より住友生命保険相互会社ストラクチャードファイナンス部にて証券化商品への投資を行った。金融、資本市場、資産運用の分野において25年以上のキャリアを有する。

President & CEO,　Kenedix Real Estate Fund Management, Inc.
Mr. Tajima is the President & CEO of Kenedix Real Estate Fund Management, Inc. (KFM) which manages 3 listed J-REITs and one private REIT.

After joining the Kenedix Group in 2005, Mr. Tajima was responsible for REIT financing and investor relations. He was appointed the Head of Corporate Planning Department of Kenedix, Inc. in 2012 and Director & CFO in 2015. Prior to joining Kenedix, he worked at the Sumitomo Mitsui Trust Bank, Limited and Sumitomo Life Insurance Company, where he gained extensive securitization experience. 

Hisashi Furukawa joined Japan Hotel REIT Advisors (JHRA) in June 2014 as President & CEO. Mr. Furukawa has led the significant growth of Japan Hotel REIT Investment Corporation (JHR; TSE code 8985) managed by JHRA. JHR was selected as the Sector Leader in the Asia hotel sector by GRESB in 2020 and 2021.

Prior to joining JHRA, Mr. Furukawa was a Principal of Rockpoint Group, a U.S. real estate investment management firm for over 9 years from 2004, where he oversaw Rockpoint Group’s overall investment activities in Japan as Country Head. Mr. Furukawa was an Executive Director of UBS for 4 years from 2000, where he was Co-Head of Property Sector Team in Investment Bank Division and involved in the development of REIT market in Japan. Prior to UBS, Mr. Furukawa was an Executive Director of Morgan Stanley, where he served in various capacities for Morgan Stanley Realty and the Morgan Stanley Real Estate Funds (MSREF) for 10 years from 1990, including the development of MSREF’s initial investments in Japan in the late 1990s. Mr. Furukawa spent 8 years with Sumitomo Realty and Development from 1982.

Licensed Real Estate Appraiser, MRICS, Ms. in Economics Participated in the start-up of the real estate securitization market, including JREITs, from an appraisal standpoint through the development of investment property appraisal practices and research on the real estate market. Mr. YAMASHITA also researched real estate and securitization markets in Europe, the U.S., and Japan as a special researcher at the Ministry of Finance's Policy Research Institute before the global financial crisis, when concerns about the subprime loan problem were becoming widespread. Currently, he is promoting research and studies on advanced issues such as Sustainability and ESG, Prop- Tech, and other projects on technical cooperation with overseas institutions.

He joined Global Logistic Properties Inc. (presently, GLP Japan Inc.) in 2016. After serving as the Head of Fund management in Japan, he was appointed as the President of GLP Japan Advisors Inc. in 2019.

Prior to joining GLP, he worked for Nippon Life Insurance Company where he was engaged in overseas operayions and international real estate investments. In addition to arranging syndicated loans while stationed in Hong Kong, he served as Head of Real estate investments, overseeing the portfolio of U.S. office buildings and U.S. and European private funds at a real estate investment subsidiary in New York. He was then transferred to Nissay Asset Management Corporation, an asset management arm of Nippon Life Insurance Company, where he served as Chief Portfolio Manager of the Investment Planning Department before being appointed Head of the Corporate Planning Office, where he was involved in the formulation of asset management strategies.

B.A. from Waseda University.

Mr.Takahashi is President & CEO of Takara Asset Management since February 2018. He has been working as a real estate appraiser since 1996. In 2002, he joined Shinsei Bank, Ltd. and engaged in investment duties for real estate beneficiary rights through silent partnership investment. In 2004, he joined Takara Leben Co., Ltd., and later transferred to Takara Asset Management Co., Ltd. in order to list a renewable energy fund to the infrastructure fund market that was planned to open at the Tokyo Stock Exchange. In June 2, 2016, he archived to list “Takara Leben Infrastructure Fund, Inc.” as the very first listed fund to the market.

Shai is the co-lead of JLL's Japan Capital Markets - International team where he covers the firm’s strategic clients and international institutions investing in, or looking to invest in Japan.

Prior to that, Shai was a Senior Vice President at GENKAI Capital Management--a  Japanese Asset and Fund Management Firm where he was investing throughout the capital stack in commercial real estate in Japan, South Asia and the US.

Shai Started his real estate career at a New York Investment Bank where he was involved in, well over, 12$US Billion in CRE debt and equity transactions.

Upon returning to Japan, Shai joined a global advisory firm where he pursued tenant representation, land acquisitions, equity raise, portfolio management and investment sales opportunities.

In addition, Shai is an adjunct professor at Temple University and previously at New York University.

Shai is PhD candidate at Tokyo City University and holds a master’s degree in real estate finance & Investment from New York University and a BA in Management & East Asian Studies (graduated Magna Cum Laude) from Tel Aviv University.

Shai is a New York licensed real estate salesperson (inactive).

Mr. Yanagisawa joined Canadian Solar Asset Management K.K. (CSAM) in 2018 as CFO and has been in his current position since January 2022. Prior to joining CSAM, he worked as a general manager at Nippon Commercial Development Co., Ltd. (currently JINUSHI Co., Ltd) and Open House Co., Ltd. where he was in charge of finance-related activities in the real estate and asset management business. Prior to that, he worked for a total of 16 years in investment banking such as M&A advisory and capital raising mainly at SMBC Nikko Securities Inc. and Nikko Citigroup Securities Inc. He started his career at Mitsui Taiyo Kobe Bank (currently Sumitomo Mitsui Banking Corporation).

Mr. Yanagisawa holds an MBA from the University of Pennsylvania Wharton School and a B.A. majored in Pure and Applied Sciences from the University of Tokyo.

Katsuyuki Victor Mineta has more than 30 years of global and institutional real estate investment, development and management experience where 17 years from Meiji Yasuda Life Insurance Company, 4 years from AMB Property (current Prologis) in Japan as its Representative Director and an Advisory Committee member, and 10 years from KIC Asset Management. He currently serves as CEO of KIC Holdings, Inc. and its affiliate companies. He is also a council member of Japan Association of Logistics Property Appraisal and chairman of Self Storage Securitization Association (Japan).

Akemi specializes in tax consulting for financial institutions/real estate companies, supporting her clients with the development of various investment funds and financial products. She has 30 years of experience, from the start of the J-REIT market, dedicated to serving fund managers and investors (multinational companies, pension funds), advising on both inbound and outbound strategies for tax effective market entry, distribution arrangements and investment structuring.

Akemi is an active participant in tax policy discussions, advising as well as attending workshops and committees sponsored by government agencies and industry associations.

Akemi has authored various articles and books on the tax treatment of investment structures, JREITs, cross-border securitization and on topical financial services tax issues. Akemi is a member of the Japanese Institute of Certified Public Accountants (CPA) and Japanese Licensed Tax Accountant (LTA) Association. She is a graduate of the Law Faculty of Kyoto University.

鬼頭　朱実
PwC税理士法人
マネージング　ディレクター

PwC入所以来、金融、特に投資運用業の税務を専門とし、J-REITを含む不動産投資ファンド、プライベートエクイィティ、ベンチャ―投資ファンドやヘッジファンド、資産流動化をはじめとする金融取引・不動産取引に関する税務コンサルティングに約30年にわたり従事。 J-REITやプライベートエクイティ投資の創生期からファンド立上の税務アドバイスを行っており、インバウンド・アウトバウンド双方のクロスボーダー案件のアドバイス経験を豊富に有している。海外年金や海外ファンドによる日本の金融資産や不動産投資案件に係るアドバイスの他、日本の年金や法人投資家による海外ファンド投資や日本の投資家を対象とする海外投資ファンド組成に係る案件に多数関与。また、官公庁やファンド業界団体の税制改正等に関する検討会メンバーを数多く務めるとともに、官公庁の各種調査業務を担当してきた。

主な著書には「投資ストラクチャーの税務」（至第11訂版）、「信託の税務」　（税務経理協会） 「不動産投信の実務」「基礎解説　証券化の税務」（中央経済社）等がある。

公認会計士・税理士　京都大学法学部卒。

Irene Rika Shimada, Executive Director, is a portfolio manager in the International Equity Group – Global Real Estate Securities team. An employee since 2005, she was previously an analyst in the RDP Equity Group covering the Japan and Developed Asia-Pacific Real Estate sectors. Prior to this, she worked in the Investment Banking division of Merrill Lynch Japan Securities. Irene holds a BSc in Government and Economics from the London School of Economics and an MSc in Real Estate Economics and Finance also from the London School of Economics. Irene is a CFA charterholder.

Mr Ryuta Takeuchi is responsible for JLL’s Capital Markets platform across Japan and works with the firm’s extended global Capital Markets team to facilitate inbound investment opportunities into Japan’s commercial real estate market and advise domestic capital owners on outbound investment.  He joins JLL from Mitsubishi Corporation where he was President and CEO of Diamond Reality Management Incorporated, its global real estate investment arm. For Mitsubishi Corporation, Mr Takeuchi oversaw assets under management of over US$8 billion through private real estate investment trusts (REITs) and private funds in Japan and other global markets in this position from 2021 to 2023.  Mr Takeuchi joined Mitsubishi Corporation in 1996 and held a variety of leadership positions including Head of Executive Management and Strategy Planning Office in its Urban Development Group, Managing Director and CEO of MC Asset Management in Europe. He was also Co-CEO of UBS-Mitsubishi Corporation General Partner – UBS- PREMF Limited, a joint venture private funds business with UBS.

Daisuke Kitta is the Head of Blackstone Japan, Head of Real Estate Japan and is a Senior Managing Director at Blackstone based in Tokyo. Since joining Blackstone in 2008, Mr. Kitta has been involved in analyzing various real estate investment opportunities in Japan. Before joining Blackstone, Mr. Kitta worked at Deutsche Bank, where he was responsible for originating and executing real estate transactions in Japan. Mr. Kitta received a degree in Economics from Nihon University and also graduated with a B.S. from the School of Hotel Administration at Cornell University.

Sigrid is the Chief Executive Officer of Asia Pacific Real Assets Association (APREA). Based in Singapore, she is responsible for overseeing the strategic direction, initiatives and operations of the association across Asia Pacific. Under her leadership, APREA repositioned to an industry trade group focusing on real estate and infrastructure.

Sigrid joined APREA’s executive team in January 2019.

Prior to APREA, she served as Managing Director of Asia Pacific Research and Advisory Services of Cushman & Wakefield (C&W) from 2010 through 2018, where she was responsible for research, thought leadership, strategy formulation and client management.  Before relocating to Singapore, she was based in Washington, D.C. and led C&W’s U.S. research group in the Mid-Atlantic region, overseeing all aspects of market research activities in the Washington, DC; Virginia; Suburban Maryland, Baltimore; and Philadelphia areas. Prior to joining C&W, Sigrid served as a Senior Economist for the National Association of Realtors (NAR). In that position, she developed NAR’s office, warehouse, retail, multi-family housing, and international research programs.

A recognized expert in global economic, public policy and real estate issues, Sigrid is a frequent speaker at industry events.  Her commentary on commercial and residential real estate markets is also regularly featured in a wide array of global publications, including the Wall Street Journal, Financial Times, Bloomberg, New York Times and Reuters. Additionally, she has made several television appearances on financial networks and radio such as CNBC, Bloomberg, CNN, National Public Radio and Channel News Asia.

Sigrid holds a Master of Business Administration from Cornell University’s Johnson Graduate School of Management and a Master’s degree in Economics from Pennsylvania State University. She is a member of several civic groups including the Rotary Club of Raffles City in Singapore, where she has served in various leadership positions, and serves in the Executive Committee of the Crohn’s & Colitis Society of Singapore.