Pegasus completes sale of Tokyo Shibuya Harajuku multi-family residential
April 28, 2022

Pegasus today announces the sale of a multifamily residential building located in Shibuya to a local real estate company.
The sale proceeds, along with the net rental income received amounted to close to 20% MoM thus satisfy the core target returns. Investor cash flows and returns were enhanced via successfully obtaining cheap financing from SMBC.
Pegasus will continue to focus on core-plus multifamily investments and opportunistic/value add opportunities this year.