AYASE / SUNPOP / ET CETERA

  • APL was appointed as the asset manager of the property by the bankruptcy trustee of a major investment bank that provided the loan.

Strengths / Highlights

  • Cash Management: Established a proper management structure to replace disorderly onsite system.
  • Capital Improvements: Conducted building surveys and optimized budget allocation for deferred maintenance requiring immediate attention, including life safety issues; also, though a forensic accounting exercise, brought the financial management of the asset in order.
  • Cost Reduction: reduced facility management costs, insurance premiums and utility expenses through a comprehensive review of building specifications and a bidding process. 

Date Appointed

July 2009

Location

Tokyo

Property Type

Retail, Residential

Project Scale

2 properties