Marimo Forms Private Fund Backed by 15 Rental Apartment Buildings in the Tokyo and Kansai Areas

Marimo has formed “MRF No. 2,” a private fund for which its subsidiary Marimo Asset Management serves as asset manager, and commenced operations on March 25, 2026. The fund’s underlying assets are 15 newly built and recently completed rental apartment buildings primarily located in the Tokyo metropolitan and Kansai areas, with total assets of approximately JPY 13,500 million. The investment period is targeted at five years.

The portfolio consists of nine reinforced concrete buildings under the “Artiza” brand and six wall-type reinforced concrete buildings under the “Luore” brand, totaling 489 units. In the Kansai area, six properties are located primarily in Osaka Prefecture, including Artiza Ryokuchi Koen and Artiza Kyobashi WEST. In the Tokyo metropolitan area, eight properties are located in Tokyo, including Artiza Akabane and Luore Kamikitazawa Ekimae. The portfolio also includes one property in the Nagoya area, Artiza Kanayama. All properties are located within a 10-minute walk of the nearest station. Of these, two properties—Artiza Kawarayamachi I and Luore Chidoricho—are scheduled to be added to the portfolio in June 2026.

Marimo formed its first private fund in January 2025, backed by nine rental apartment properties with total assets of approximately JPY 10,000 million. For the second fund, the company expanded the target area to Japan’s three major metropolitan areas and newly added the “Luore” brand. Investors include Fuyo General Lease, Higin Lease and JR Kyushu FG Lease, while financing has been provided by Sumitomo Mitsui Banking Corp., Juhachi-Shinwa Bank and Fuyo General Lease.

Fund Overview

• Fund Name:

  MRF No. 2

• Total Assets:

  Approx. JPY 13,500 million

• Operation Start Date:

  March 25, 2026

• Investment Period:

  Approximately 5 years

• Asset Manager:

  Marimo Asset Management Co., Ltd.

• Investors:

  Fuyo General Lease Co., Ltd., Higin Lease Co., Ltd., Nakamichi Lease Co., Ltd., JR Kyushu FG Lease Co., Ltd., KyoYu Lease Co., Ltd., Shizuoka Railway Co., Ltd., and others

• Lenders:

  Sumitomo Mitsui Banking Corp., Juhachi-Shinwa Bank, Fuyo General Lease Co., Ltd.

• Portfolio Properties:

  15 buildings / 489 units (including 2 buildings scheduled for inclusion in June 2026)

Portfolio Property List

• Property Name: Artiza Ryokuchi Koen

  • Location:

    Esakacho, Suita

  • Nearest Station:

    Ryokuchi-Koen Station on the Kita-Osaka Kyuko Namboku Line, 8-minute walk

  • Number of Floors:

    10F

  • Total Units:

    43

• Property Name: Artiza Sakaihigashi

  • Location:

    Ryoseidori, Sakai-ku, Sakai

  • Nearest Station:

    Sakaihigashi Station on the Nankai Koya Line, 9-minute walk

  • Number of Floors:

    10F

  • Total Units:

    63

• Property Name: Artiza Kyobashi WEST

  • Location:

    Katamachi, Miyakojima-ku, Osaka

  • Nearest Station:

    Osakajokitazume Station on the JR Tozai Line, 2-minute walk

  • Number of Floors:

    10F

  • Total Units:

    52

• Property Name: Artiza Amagasaki Tachibana

  • Location:

    Tachibanacho, Amagasaki

  • Nearest Station:

    Tachibana Station on the JR Tokaido Main Line, 3-minute walk

  • Number of Floors:

    10F

  • Total Units:

    45

• Property Name: Artiza Akabane

  • Location:

    Akabane, Kita-ku, Tokyo

  • Nearest Station:

    Akabane Station on JR, 6-minute walk

  • Number of Floors:

    9F

  • Total Units:

    24

• Property Name: Artiza Gotanda

  • Location:

    Nishi-Gotanda, Shinagawa-ku, Tokyo

  • Nearest Station:

    Fudomae Station on the Tokyu Meguro Line, 5-minute walk

  • Number of Floors:

    12F

  • Total Units:

    31

• Property Name: Artiza Kawarayamachi I (scheduled for inclusion in June 2026)

  • Location:

    Kawarayamachi, Chuo-ku, Osaka

  • Nearest Station:

    Matsuyamachi Station on the Osaka Metro Nagahori Tsurumi-ryokuchi Line, 5-minute walk

  • Number of Floors:

    10F

  • Total Units:

    36

• Property Name: Artiza Sakai

  • Location:

    Omachihigashi, Sakai-ku, Sakai

  • Nearest Station:

    Shukuin Station on the Hankai Tramway Hankai Line, 3-minute walk

  • Number of Floors:

    15F

  • Total Units:

    70

• Property Name: Artiza Kanayama

  • Location:

    Kanayama, Naka-ku, Nagoya

  • Nearest Station:

    Kanayama Station on the Nagoya Municipal Subway Meijo Line, 6-minute walk

  • Number of Floors:

    10F

  • Total Units:

    36

• Property Name: Luore Kamikitazawa Ekimae

  • Location:

    Kamikitazawa, Setagaya-ku, Tokyo

  • Nearest Station:

    Kamikitazawa Station on the Keio Line, 1-minute walk

  • Number of Floors:

    4F

  • Total Units:

    20

• Property Name: Luore Bunkyo Honkomagome

  • Location:

    Honkomagome, Bunkyo-ku, Tokyo

  • Nearest Station:

    Komagome Station on the Tokyo Metro Namboku Line, 9-minute walk

  • Number of Floors:

    5F

  • Total Units:

    13

• Property Name: Luore Ikegami

  • Location:

    Ikegami, Ota-ku, Tokyo

  • Nearest Station:

    Ikegami Station on the Tokyu Ikegami Line, 8-minute walk

  • Number of Floors:

    4F

  • Total Units:

    14

• Property Name: Luore Ikegami II

  • Location:

    Ikegami, Ota-ku, Tokyo

  • Nearest Station:

    Ikegami Station on the Tokyu Ikegami Line, 8-minute walk

  • Number of Floors:

    4F

  • Total Units:

    14

• Property Name: Luore Chidoricho (scheduled for inclusion in June 2026)

  • Location:

    Chidoricho, Ota-ku, Tokyo

  • Nearest Station:

    Chidoricho Station on the Tokyu Ikegami Line, 2-minute walk

  • Number of Floors:

    5F

  • Total Units:

    14

• Property Name: Luore Tabata

  • Location:

    Tabata-Shimmachi, Kita-ku, Tokyo

  • Nearest Station:

    Tabata Station on the JR Yamanote Line, 7-minute walk

  • Number of Floors:

    5F

  • Total Units:

    14