Saint Asahikawa Golf & Resort
HOKKAIDO, JAPAN

This golf course was operating at a break-even basis at point of acquisition. Majime Partners took an opportunity to add value by initialising the development of a solar farm on an unutilized section of the courses land. Saint Asahikawa Golf & Resort is now enjoying stable cash flow and every year the course continues to improve and restore its place as one of the top courses in the area. We continue to add value with the creation of a full master plan and are currently ready to partner with a strong development partner.

• Total Land: Over 177 Hectares

• Developable Land: Over 92 Hectares

• Full Clubhouse and 19 room hotel

• 20,000 rounds played over 7 months of the year

• Net Distributions to Investors: 4.34%

WBF Susukino
SAPPORO, HOKKAIDO, JAPAN

One of our newer acquisitions, this property was offered to Majime Partners prior to hitting the market through our strong network of Japanese relationships. We quickly seized the opportunity to purchase a newly developed hotel in the prime nightlife district of Sapporo. This city sees unusually high occupancy rates due to a lack of hotel rooms and the rapid growth of inbound tourism.

• Building Layout: 90 rooms

• Total Floor Area: 1,906.98 sqm

• Cap Rate on Purchase: 5.3%

• Financing: 77% non-recourse loan at 1.4% interest 

• Pro-Forma Distribution: 5.6%

• Pro-Forma IRR: 15.5% in 3 years

Residential Apartments
KYOTO, JAPAN

Majime Partners acquired a newly built residential property just 2 blocks from Kyoto University. Our investors have enjoyed over 98% occupancy since acquisition in 2015. Our structure in Japan allows us to borrow more than 70% LTV on a non-recourse basis at attractive rates of 1.1% thus providing our investors with long term stable cash flow.

• Building Layout: 30 studios

• Total Floor Area: 963.75 sqm

• Cap Rate on Purchase: 5.7%

• Financing: 71.18% non-recourse loan at 1.1% interest

• Cash on Cash Distribution: 6.25% per annum

Residential Apartments
NAGOYA, JAPAN

This property is a good example of a slightly older residential asset in Japan which is providing a higher than avg. yield yet still applicable for non-recourse financing. Majime Partners saw strong cash flow for over 2 years and ultimately exited in the 3rd quarter of 2018 for a good price through our broker channels.

• Building Layout: 35 studios

• Total Floor Area: 1,547.94 sqm

• Cap Rate on Purchase: 6%

• Financing: 71.18% non-recourse loan at 1.1% interest

• Cash on Cash Distribution: 7.1% per annum

Aster & Nitai Townhouses
NISEKO, JAPAN

After having purchased and sold more than 10 assets in Niseko, Majime Partners still retains this collection of townhouses in the popular Izumikyo 2 area. Totalling over 34 beds across 4 neighbouring properties, these homes provide a great base for large groups and see great occupancy in both the summer and winter months. Our investors further enjoy annual usage of the homes for their own holiday.

• Building Layout: 2x 3 Bedroom & 2x 5 Bedroom

• Total Floor Area: 567.12 sqm

• Cap Rate on Purchase: 6.25%

• Financing: 4 year no interest vendor financing plan

• Approx. Current Value: ¥550,000,000

Downtown Corner
NISEKO, JAPAN

We are proud to be able to assist our Japanese partners with a unique structured financing package whereby our investors collateralised an unleveraged property to provide finances to some shareholders who negotiated to buy out other shareholders. All parties were satisfied and happy with the liquidity we provided. Our investors were able to enjoy an attractive interest rate while the partners rebalanced the financing with a new loan from a Japanese bank to fully repay our investors within the agreed timeframe. Today, our partners are planning a beautiful mixed-use redevelopment of this ultra prime location.

F Plaza
OKINAWA, JAPAN

Again, Majime Partners were able to assist our Japanese partners with a similar structured finance plan. Our partners were originally interested to purchase a company, primarily for its ISP services, however we found that it also had an under leveraged property located on Sunset Beach in Chattan. The company then allowed a second lien to be put on the property, which financed the purchase for our partners. Our partners now have a fantastic beachfront property to develop in the future in addition to the company’s core network business while our investors enjoy an attractive interest rate.

Golden Ocean
FIJI & KIRABATIS

Majime Partners took an opportunity to JV with the local governments to develop a sustainable fishing operation. Today, this business has grown to own and charter over 100 fishing boats in the area in addition to owning its own fish processing plants in both Fiji and Kirabatis.