Karma Trust Acquires Rental Apartment Property in Tokyo’s Nogata Area
Karma Trust acquired Comfort Nakano, a rental apartment property in Nogata, Nakano Ward, Tokyo, in March 2026. The seller was Lapis, a limited company based in Sakurashinmachi, Setagaya Ward. An individually owned separate building is located on an adjacent site.
The property was completed in 2008 and has three floors above ground, with a Gross Floor Area of approximately 75 tsubo (approx. 2,700 sq. ft.). It consists of 14 1K units. The property is located an 11-minute walk northeast of Koenji Station on the JR Chuo Line, and Nakano Station is also within walking distance. The surrounding area is a low- to mid-rise residential neighborhood.
Asking rents for rental apartments of all unit types within a 10-minute walk of Koenji Station have risen approximately 26% over the past five years, from about JPY 12,050 per tsubo to about JPY 15,230 per tsubo. Even when limited to 1K units, asking rents increased approximately 29%, from about JPY 12,510 per tsubo to about JPY 16,140 per tsubo, indicating solid demand from single-person households as well, according to research conducted by the editorial team based on estie Residential Research.
The buyer, Karma Trust, develops small- and midsize new residential properties and is also engaged in real estate acquisition and repositioning, as well as real estate leasing. The acquisition in an area with strong demand suggests potential for operation as an income-producing property and possible value-add upside, but the specific purpose of the acquisition has not been disclosed.
Key Facts
- Property Name: Comfort Nakano
- Buyer: Karma Trust Co.
- Seller: Lapis Ltd.
- Location: 1-53-16 Nogata, Nakano Ward, Tokyo
- Nearest Stations: 11-minute walk from Koenji Station on the JR Chuo Line / 15-minute walk from Nakano Station on the JR Chuo Line
- Completion: November 2008
- Number of Floors: 3F, steel-frame structure
- Unit Mix: 14 1K units
- Gross Floor Area: Approximately 75 tsubo (approx. 2,700 sq. ft.)