Japanese properties attracting international buyers.

International real estate portfolio investors from the United States to Singapore are increasingly looking to buy property in Japan with over $2 billion in deals already agreed this year, it is claimed....

............Franklin Templeton is understood to be looking to buy a portfolio of distressed loans at a discount, which would provide attractive returns and allow access to physical assets, while Blackstone plans to buy Morgan Stanley’s loans which are backed by commercial real estate such as office buildings.
 
Wealthy Chinese investors are also increasingly looking to Japan and a number of travel agencies have started offering Buy Japanese Property tours. Realtors say major foreign private equity groups, real estate trusts and realtors have earmarked an estimated $6.6 billion for investments in Asia, showing interest in Japan’s bricks and mortar assets and property debt.
 
‘While we are cautious around the country’s fundamentals, we do believe that the sheer size of the market allows for opportunities,’ said Peter Kim, managing director, ING Real Estate Investment Management, which has funds invested in Japan......

........Distressed or marked down properties in Japan, such as debt backed by commercial real estate, are also emerging on the radars of foreign buyers. ‘We are finding a degree of success in finding deals through trust banks or lenders who have taken control of over leveraged assets,’ said Jacques Gordon, global investment strategist at LaSalle Investment Management.
 
As foreign money pours in, the real surge in buying may just be starting, according to Mark Brown, a real estate analyst at researcher Japaninvest. The gap between what distressed property owners are asking and the amount buyers are willing to pay is closing fast, he said, adding that would lead to plenty of new deals. 

Source: PropertyWire

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AIMS AMP Capital Industrial REIT: High yield with limited downside.

The very low trading volume these days probably affirms talk that most traders are taking the rest of the year off. There is also not much to say with regards to the counters on my watchlist. Most are behaving in ways which I think they would be behaving.

I decided to take a look at AIMS AMP Capital Industrial REIT which has been holding steady for some time now. I like this REIT for its relatively high yield. However, price has been trapped in a tight range between 21.5c and 22c for many sessions now. What direction would it take in future?

The OBV is generally flat while the MACD has declined into negative territory. Although momentum has turned negative, volume is drying up. It is very likely that this counter could be trading sideways for some time to come. With the rising 200dMA at 21c, downside could be pretty limited. If the 200dMA were ever tested as support, I would probably buy more.  With an expected DPU of 2c in 2011, buying at 21c would mean a yield of 9.52%. All in good time.

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AIMS AMP Capital Industrial REIT: Revised DPU and fair value.