M&H Asset Management Acquires Rental Apartment in Itabashi Ward, Tokyo
M&H Asset Management Co., Ltd. acquired "Itaya Dai-3 Park Heights," a rental apartment building located in Itabashi 4-chome, Itabashi Ward, Tokyo, in March 2026. The seller was NFK Co., Ltd., based in Niiza City, Saitama Prefecture.
The property, completed in 1991, rises five stories above ground and comprises 22 units. It is a nine-minute walk from Shin-Itabashi Station and an 11-minute walk from Itabashi-kuyakusho-mae Station, both on the Toei Mita Line, in an area surrounded by low-rise residential neighborhoods. According to estie Residential Research, the average asking rent for rental apartments within a 10-minute walk of Shin-Itabashi Station has risen approximately 19% over the past three years, reaching around JPY 14,600 per tsubo as of the end of May 2026.
M&H Asset Management provides income property development and asset management services for institutional investors such as funds and high-net-worth individuals. The company has primarily developed rental housing in the Jonan and Josai areas, including Ota, Setagaya, and Suginami wards. In recent years, it has expanded into the Johoku area, including Nerima, Toshima, and Nakano wards, with this acquisition following that trend.
Key Facts
- Property Name: Itaya Dai-3 Park Heights
- Buyer: M&H Asset Management Co., Ltd.
- Seller: NFK HOLDINGS Co., Ltd.
- Location: 59-12 Itabashi 4-chome, Itabashi Ward, Tokyo
- Nearest Station(s): Nine-minute walk from Shin-Itabashi Station on the Toei Mita Line / 11-minute walk from Itabashi-kuyakusho-mae Station on the Toei Mita Line
- Acquisition Date: March 16, 2026
- Completion: January 1991
- Number of Floors: 5F (reinforced concrete construction)
- Gross Floor Area: approximately 391 tsubo (approx. 13,900 sq. ft.)
- Total Units: 22
