Hankyu Hanshin Properties Sells Two Rental Apartment Buildings in Asakusa and Monzen-Nakacho

Hankyu Hanshin Properties sold two rental apartment buildings it owned in Kaminarimon, Taito Ward, and Monzen-Nakacho, Koto Ward, Tokyo, on April 7, 2026. After placing both properties in trust, the company transferred the trust beneficiary interests on the same day. The buyer of both buildings was On the Stone LLC.

The Taito Ward property is geo ent Asakusa Kaminarimon, a four-minute walk from Asakusa Station on the Tobu Isesaki Line and a five-minute walk from Tawaramachi Station on the Tokyo Metro Ginza Line. Completed in 2023, the 11-story building has 38 units. The Koto Ward property is geo ent Monzen-Nakacho, a one-minute walk from Monzen-Nakacho Station on the Toei Oedo Line. Completed in 2023, the 14-story building has 65 units.

Hankyu Hanshin Properties operates geo ent as its rental apartment brand in the Tokyo metropolitan and Kansai areas. Both buildings were sold about three years after completion.

Key Facts

• Property Name: geo ent Asakusa Kaminarimon
• • Seller: Hankyu Hanshin Properties Corp.
  • Buyer: On the Stone LLC
  • Asset Sold: Trust beneficiary interest in real estate
  • Transaction Date: April 7, 2026
  • Location: 1-2-10 Kaminarimon, Taito-ku, Tokyo
  • Nearest Station(s): Four-minute walk from Asakusa Station on the Tobu Isesaki Line / Five-minute walk from Tawaramachi Station on the Tokyo Metro Ginza Line / Eight-minute walk from Asakusa Station on the Tsukuba Express
  • Completion: February 2023
  • Number of Floors: 11F (reinforced concrete construction)
  • Use: Apartment
  • Area: Gross Floor Area of approximately 424 tsubo (approx. 15,100 sq. ft.)
  • Total Units: 38
  • Unit Layouts: 1K / 1DK / 2DK
• Property Name: geo ent Monzen-Nakacho
• • Seller: Hankyu Hanshin Properties Corp.
  • Buyer: On the Stone LLC
  • Asset Sold: Trust beneficiary interest in real estate
  • Transaction Date: April 7, 2026
  • Location: 1-7-13 Monzen-Nakacho, Koto-ku, Tokyo
  • Nearest Station(s): One-minute walk from Monzen-Nakacho Station on the Toei Oedo Line / 12-minute walk from Etchujima Station on the JR Keiyo Line / 17-minute walk from Kiyosumi-Shirakawa Station on the Toei Oedo Line
  • Completion: February 2023
  • Number of Floors: 14F (reinforced concrete construction)
  • Use: Apartment
  • Area: Gross Floor Area of approximately 556 tsubo (approx. 19,800 sq. ft.)
  • Total Units: 65
  • Unit Layouts: 1R / 1K / 1DK