Daiwa Securities Living Investment To Acquire Newly Built Rental Apartment Property in Tokyo’s Kasai Area
Daiwa Securities Living Investment Corp. will acquire Grand Casa Kasai, formerly Alpha Court Kasai, a rental apartment property in Naka-Kasai, Edogawa Ward, Tokyo, on July 1, 2026. The planned acquisition price is approximately JPY 1.233 billion, and the agreement was signed June 22, 2026. The sellers were not disclosed other than as two domestic companies, but as of June 22, the registered owners appear to be Link Construction Co., a construction company headquartered in Saitama Prefecture, and Link Co., believed to be a group company.
The property is a five-story building completed in February 2026, with a Gross Floor Area of approximately 395 tsubo (approx. 14,100 sq. ft.). It consists of 34 units with layouts ranging from 1K to 3LDK, and occupancy was approximately 81% as of the end of April 2026. The property is located on a corner site a nine-minute walk southwest of Kasai Station on the Tokyo Metro Tozai Line, in an area with a concentration of low- to mid-rise apartment buildings.
Average asking rents for rental apartments within a 10-minute walk of Kasai Station have risen approximately 24% over the past five years, from about JPY 9,000 per tsubo to about JPY 11,200 per tsubo. Rental housing demand in the area remains firm, supported by access to central Tokyo and the convenience of daily amenities around the station, according to a survey by the editorial team based on estie Residential Research. The property includes unit types that can accommodate residents ranging from singles to families, and the investment corporation aims to capture a diverse range of housing needs through the acquisition.
Through this acquisition, the investment corporation expects its portfolio to expand to 240 properties, with total acquisition price exceeding JPY 400 billion. At the end of March 2026, it acquired Grand Casa Sumiyoshi II, a newly completed rental apartment property in Senda, Koto Ward, and the latest acquisition marks another move to add newly built rental residential assets in Tokyo’s eastern wards, where housing demand has been increasing in recent years. For reference, see the article “Daiwa Securities Living Investment Acquires Newly Built Rental Apartment Property in Koto Ward.”（see related article:Daiwa Securities Living Investment Corp. to Acquire “GRANCASA Sumiyoshi II,” Newly Built Rental Apartment in Koto Ward）
Key Facts
- Property Name: Grand Casa Kasai, formerly Alpha Court Kasai
- Buyer: Daiwa Securities Living Investment Corp.
- Seller: Not disclosed, registered current owners: Link Construction Co. and Link Co.
- Planned Acquisition Price: Approximately JPY 1.233 billion
- Appraisal Value: JPY 1.3 billion, as of June 1, 2026, by Japan Real Estate Institute
- Location: 6-17-1 Naka-Kasai, Edogawa Ward, Tokyo
- Nearest Station: Nine-minute walk from Kasai Station on the Tokyo Metro Tozai Line
- Planned Acquisition Date: July 1, 2026
- Completion: February 2026
- Number of Floors: 5F, reinforced concrete
- Gross Floor Area: Approximately 395 tsubo (approx. 14,100 sq. ft.)
- Rentable Units: 34
- Unit Mix: 24 1K units, five 1LDK units, four 2LDK units and one 3LDK unit
- Occupancy: 80.9%, as of April 30, 2026
