SYLA Launches Rimawari-kun’s First Borrowing-Type Fund in January 2024, Targeting "SYNEX SHIN-NAKANO," a New Residence in a Redevelopment Area

SYLA Co., Ltd. (Head office: Shibuya-ku, Tokyo; CEO: Yoshiyuki Yuto; hereinafter “SYLA Co.”), a wholly owned subsidiary of SYLA Technologies Co., Ltd. (Head office: Shibuya-ku, Tokyo; CEO: Hiroyuki Sugimoto; NASDAQ: "SYT"), operator of the largest membership real estate crowdfunding platform in Japan, Rimawari-kun, is pleased announce the launch of a new Rimawari-kun fund targeting “SYNEX SHIN-NAKANO” situated in a vibrant redevelopment area. The application period for begins on Friday, January 5. The offering amount is 245.7 million yen, with an expected yield of 4.8%.


Inception of Rimawari-kun’s Borrowing-Type Fund
The SYNEX SHIN-NAKANO fund marks the inception of a borrowing model within Rimawari-kun. The subject property is an entire building of SYNEX SHIN-NAKANO, a new condominium located in the Nakano area, scheduled for completion in January 2024. With extensive guarantees and maintenance provided by the construction company, the property anticipates stable asset value over time. Nakano is recognized for its easy accessibility, commercial amenities, and ongoing redevelopment, anticipating increased residential demand in the future. A consistent rental income stream is expected throughout the fund’s management period, as the property is set to be leased by the parent company, SYLA Technologies.

SYNEX SHIN-NAKANO
https://rimawarikun.com/customers/products/81

Nakano Area Undergoing Redevelopment
As of 2023, the Nakano area is in the midst of a once-in-a-century redevelopment project. With eleven ongoing projects, new government buildings, commercial facilities, and high-rise buildings are being constructed around Nakano Station one after another, marking a significant transformation. Nakano City, dedicated to shaping the area around Nakano Station into a vibrant hub, is intricately designing a distinctive town that draws inspiration from the history and unique characteristics of each district.

As part of the comprehensive project, the former site of the National Police Academy has been transformed into a vibrant district with diverse urban functions, encompassing office buildings, universities, hospitals, residences, and parks. The relocation of the new government building is scheduled for completion in 2024, signaling a significant milestone.

The redevelopment project extends to other areas, including the Nakano Station New North Exit, Nakano 2-chome, and Nakano 3-chome areas, highlighting their distinct local charms. Emerging from these initiatives are novel hubs and spaces for interaction, contributing to a comprehensive revitalization of the entire Nakano Station area. This involves the improvement of the station's front plaza, the introduction of a new plaza, the construction of a station building spanning the railway, along with a passageway through the station.

With the successful completion of these ambitious redevelopment projects, the Nakano area is expected to garner increased attention, enhanced convenience, and a significant surge in real estate values.

SYNEX SHIN-NAKANO Fund Information


Fund name: SYNEX SHIN-NAKANO
Offering amount: 245,700,000 yen
Expected yield: 4.8%
Time for distribution: Once every 6 months
Fund management period: 1 year and 6 months (Early redemption is expected)
Type of application: First-come basis
Term of application: 19:00, Friday, January 5, 2024 – 12:00, Friday, January 12, 2024 *
Website for application:https://rimawarikun.com/customers/products/81

*Applications may be closed early or extended depending on the number of applications received.

About Rimawari-kun
*Rimawari-kun is the largest membership real estate crowd-funding service in Japan. Embracing the idea of “support in a new form,” Rimawari-kun stands as an innovative real estate crowd-funding platform that enables individuals to invest as little as 10,000 yen per unit in real estate projects that actively contribute to societal well-being, revitalization of local communities, and supporting individuals in pursuing their dreams and challenges. Additional information is available at https://rimawarikun.com/