SYLA Sold Its Newly Built Brand Condominium, SYFORME NISHI-SUGAMO, Designed for Comfortable Pet-Friendly Living, to a Private Fund Managed by BlackRock’s Real Estate Business

SYLA Co., Ltd. (Head office: Shibuya-ku, Tokyo; CEO: Yoshiyuki Yuto) (“SYLA Co.”), a subsidiary of SYLA Technologies Co., Ltd. (Head office: Shibuya-ku, Tokyo; CEO: Hiroyuki Sugimoto; NASDAQ: “SYT”), announces that it has sold its newly built brand condominium, SYFORME NISHI-SUGAMO, designed for comfortable living with pets, to a private fund managed by BlackRock's Real Estate business.


Details of the Sale and Overview of the Collaboration
SYLA Co. has been working to expand investment opportunities for both domestic and international investors through its SYFORME brand condominium series. Since entering into a collaboration agreement with BlackRock's Real Estate business last December, four SYFORME buildings have been sold to the BlackRock private fund. In October 2024, SYLA Co. also launched a new brand, SYFORME NEXT, for which it has been commissioned to provide property management and building management services.

The subject property of this sale, SYFORME NISHI-SUGAMO, is a pet-friendly condominium designed to offer a comfortable living environment for residents who consider pets part of the family. The common areas are equipped with leash hooks and pet foot-washing facilities, promoting a comfortable, clean atmosphere. This design thoughtfully integrates diverse lifestyle preferences with environmental considerations, enhancing its sustainable value .

Future Outlook
Moving forward, SYLA Co. will continue to strengthen its collaboration with BlackRock’s Real Estate business through the SYFORME and SYFORME NEXT projects, further deepening their collaboration in the Japanese real estate market. The two companies will also advance the development of a series of pet-friendly condominiums, focusing on future supply, creating new investment opportunities, and enhancing property management within Japan’s real estate investment market.

Management Message
“Over the past 15 years since our founding, we have pursued our passion for creation with the goal of one day being recognized as a brand, sharing this vision with every member of our team,” said Yoshiyuki Yuto, Representative Director and COO, SYLA Technologies Co. Ltd. “Following SYFORME, we are delighted to introduce SYFORME NEXT, as well as our new pet-friendly condominium series. We remain committed to creating homes cherished by our customers and their beloved pets, standing as a supportive presence in their lives.”

BlackRock Real Estate Message
Comments from Mr. Daigo Hirai, Head of Japan Real Estate, BlackRock
“SYLA Group has an impressive track record in condominium development that offers different lifestyle preferences, exemplified by the SYFORME and SYFORME NEXT series. With the launch of the pet-friendly condominium series, we are confident in our ability to meet diverse tenant needs and deliver added value. Together with SYLA Group, the team will continue to invest in pioneering rental housing that meets evolving demands of tenants, contributing to the growth of Japan’s real estate market.”


Property Overview
Property name: SYFORME NISHI-SUGAMO
Address: 3-43-12 Takinogawa, Kita-ku, Tokyo (residence indication)
Transportation:
7-minute walk from Nishi-Sugamo Station Exit A, Toei Subway Mita Line
12-minute walk from Itabashi Station East Exit, JR Saikyo Line
Total number of units: 45
Floor plan: 1DK, 2DK
Site area: 546.40 m2 (Area subject to building permit application)
Total floor area: 2,044.96 m2
Structure/Scale: Reinforced concrete, 5 floors above ground
Scheduled completion date: Late December 2024
Scheduled move-in date: Late December 2024
Business owner: SYLA Co., Ltd.
Construction: Maruiso Construction Co., Ltd., Building Division
Planning and supervision: I.S. Planning Co., Ltd.
Design supervision: Base Co., Ltd.

SYLA Technologies Company Contact
Takeshi Fuchiwaki
Director, Chief Growth Officer
irpr@syla.jp