In The Life Acquires Rental Housing Asset in Osaka’s Ikuno Ward

In The Life has acquired Shinwa Heim, a rental housing property in Shin-Imazato 1-chome, Ikuno Ward, Osaka. The seller was Nao Corporation. The property contains a total of 16 units.

The asset is a four-story steel-frame building with a gross floor area of approximately 189 tsubo (approx. 6,724 sq. ft.). It was completed in July 1976 and is now 49 years old. The property is located about a five-minute walk from Imazato Station on the Kintetsu Osaka Line. Because it was built under Japan’s former seismic design code, multiple value-add scenarios are possible, including redevelopment or renovation.

Buyer In The Life is an Osaka-based developer established in 2007. The company posted revenue of JPY 26.0 billion for the fiscal year ended March 2025. Headquartered in Osaka Umeda Twin Towers South, it operates a diversified business spanning condominium development, income-producing asset repositioning, and commercial and office development.

Key Facts

• Property Name:

  Shinwa Heim

• Buyer:

  In The Life Co., Ltd.

• Seller:

  Nao Corporation

• Location:

  19-5 Shin-Imazato 1-chome, Ikuno-ku, Osaka, Osaka Prefecture

• Nearest Station:

  Approximately 5 minutes on foot from Imazato Station on the Kintetsu Osaka Line

• Completion:

  July 1976

• Number of Floors:

  4F / B0

• Structure:

  Steel-frame

• Gross Floor Area:

  Approximately 189 tsubo (approx. 6,724 sq. ft.)

• Use:

  Retail / Office / Multifamily Residential

• Total Units:

  16