List Development Acquires Newly Built Rental Apartment Property in Yoga, Setagaya Ward

List Development acquired The Residence Yoga, a rental apartment property in Yoga, Setagaya Ward, on Feb. 27, 2026. The asset was newly completed in October 2025, meaning it was acquired roughly four months after completion.

The property is located a 10-minute walk from Yoga Station on Tokyu Den-en-toshi Line. It is a four-story building with one basement level, built with steel reinforced concrete construction. The property contains 22 units in total, with layouts ranging from one-room units in the 27-square-meter range (approx. 291 sq. ft.) to 2LDK + maisonette units in the 54-square-meter range (approx. 581 sq. ft.). Positioned as a pet-friendly rental property, all units are equipped with Wi-Fi, and residents may keep one small or medium-sized dog or one cat.

List Development is a consolidated subsidiary of Yokohama-headquartered List Co. and focuses on acquiring and adding value to office buildings and rental residential assets, primarily in the Tokyo metropolitan area. The company has set forth its “Shonan REIT Concept,” targeting JPY 100 billion in assets by 2025, with a view to establishing a listed REIT in the future. Since 2025, it has been acquiring rental housing assets at a pace of one to two properties per month, while also expanding its investment footprint, including the group’s first regional acquisition in Fukuoka Prefecture in September of that year.

Key Facts

• Property Name:

  The Residence Yoga

• Buyer:

  List Development Co., Ltd.

• Seller:

  Undisclosed

• Transaction Price:

  Undisclosed

• Location:

  2-3-1 Yoga, Setagaya-ku, Tokyo

• Nearest Station:

  10-minute walk from Yoga Station on Tokyu Den-en-toshi Line

• Completion:

  October 2025

• Number of Floors:

  4F / B1

  Structure:

  Steel Reinforced Concrete

• Site Area:

  Approx. 97 tsubo (approx. 3,444 sq. ft.)

• Gross Floor Area:

  Approx. 315 tsubo (approx. 11,183 sq. ft.)

• Total Units:

  22