Sotetsu Group Forms First Private Fund with Two Properties in Yokohama and Kamakura

The Sotetsu Group announced on October 1, 2026, that it had sold Sotetsu Izumino Station North Exit Building (Sotetsu Life Izumino) in Izumi Ward, Yokohama, and Sotetsu Fresa Inn Kamakura Ofuna Station Kasamaguchi (land under leasehold) in Kamakura City, both owned and developed by Sotetsu Urban Creates, to a private fund on September 30. The buyer is a godo kaisha for which Sotetsu Real Estate Investment Advisors, a wholly owned subsidiary of Sotetsu Urban Creates, serves as asset manager. It is the company's first private real estate fund.

In addition to Sotetsu Urban Creates, investors in the fund include Toshin Development, The Bank of Yokohama and Resona Leasing, with Sotetsu Urban Creates making a same-boat investment. Financing is provided by The Bank of Yokohama and Kansai Mirai Bank.

Sotetsu Izumino Station North Exit Building (Sotetsu Life Izumino) is a community-oriented retail facility developed and operated by the Sotetsu Group in front of "Izumino" Station on the Sotetsu Izumino Line. Completed in 2014, it has a gross floor area of approximately 2,748 tsubo (approx. 97,800 sq. ft.) and houses a clinic and a nursery school in addition to retail tenants. Sotetsu Fresa Inn Kamakura Ofuna Station Kasamaguchi (land under leasehold) is the land underlying a hotel located a one-minute walk from the Kasamaguchi exit of JR "Ofuna" Station, with a site area of approximately 161 tsubo (approx. 5,700 sq. ft.). It is the birthplace of the "Sotetsu Fresa Inn" brand.

The sale is part of "fundamental strengthening of the real estate business," a priority measure in the Sotetsu Group's medium-term management plan (fiscal 2025–2027). The group will create a new earnings stream from fund fee income and link this to the use of development-type funds for large-scale projects.

Disposition Property Overview

• • Common to Both Properties — Seller: Sotetsu Urban Creates Co., Ltd.
  • Common to Both Properties — Buyer: A godo kaisha for which Sotetsu Real Estate Investment Advisors Co., Ltd. serves as asset manager (the company's first private fund)
  • Common to Both Properties — Investors: Sotetsu Urban Creates Co., Ltd., Toshin Development Co., Ltd., The Bank of Yokohama, Ltd. and Resona Leasing Co., Ltd.
  • Common to Both Properties — Lenders: The Bank of Yokohama, Ltd. and Kansai Mirai Bank, Limited
  • Common to Both Properties — Sale Date: September 30, 2026
  • Common to Both Properties — Sale Price: Undisclosed
• Property Name: Sotetsu Izumino Station North Exit Building (Sotetsu Life Izumino)
• • Location: 6214-1 Izumicho, Izumi-ku, Yokohama-shi, Kanagawa
  • Nearest Station: In front of Sotetsu Izumino Line “Izumino” Station
  • Completion: May 2014
  • Use: Retail, clinic and nursery school
  • Site Area: approximately 4,304 tsubo (approx. 153,200 sq. ft.) / Gross Floor Area: approximately 2,748 tsubo (approx. 97,800 sq. ft.)
• Property Name: Sotetsu Fresa Inn Kamakura Ofuna Station Kasamaguchi (land under leasehold)
• • Location: 1-26-5 Ofuna, Kamakura-shi, Kanagawa
  • Nearest Station: JR Tokaido Line, Yokosuka Line, Keihin-Tohoku Line and Negishi Line “Ofuna” Station, Kasamaguchi exit (1 min walk)
  • Use: Hotel site
  • Site Area: approximately 161 tsubo (approx. 5,700 sq. ft.)