Nomura Real Estate : Launch of Nomura’s First Property-Specific Fund for Overseas Real Estate Development Project(Nomura Real Estate Asset Management Co., Ltd.)

News Release

Release category: Investment management, Global

October 24, 2025

Nomura Real Estate Asset Management Co., Ltd.

Nomura Real Estate Asset Management Co., Ltd. ("NREAM", Head office: Minato-ku, Tokyo; President and CEO: Masaomi Katayama) is pleased to announce the establishment and launch of the operation of a property-specific fund (the "this fund") formed for the purpose of participating in an apartment development project (the "this property") to be constructed in Houston, Texas, USA.

NREAM has been committed to providing attractive investment opportunities based on our extensive overseas business experience in the broad relationships we have built with local business partners, and flexible product development expertise that meets the diverse needs of investor clients. This fund marks the first overseas property-specific funds for NREAM. Leveraging this opportunity, we will further enhance our suite of overseas investment offerings to provide greater value to our clients.

[ rendering of the completed property ]

1. About this Fund

   This fund is a private fund that identifies the target property in advance. This structure enables investors to evaluate the risks and profitability of the asset in advance to investment, as well as allowing for detailed monitoring of the property throughout the investment period.

   Through this fund, Japanese companies including JR West Real Estate & Development Company (local subsidiary: JRWD US Inc.), Fuyo General Lease Co., Ltd. (local subsidiary: Fuyo General Lease (USA) Inc.), and Nomura Real Estate Development Co., Ltd. will participate in a joint venture (JV) with the local developer Transwestern Development Company, LLC ("Transwestern"). During the operation of this fund, NREAM will promote the JV project with Transwestern sharing progress with Japanese member companies as a representative of this fund.

2. About the Property

   "Clayton at The RO," is the high-rise apartment building located in the River Oaks area in central Houston, and the part of the mixed-use development "The RO" led by Transwestern. Serving as the core facility of an urban community integrating apartments, hotels, commercial facilities, and offices, this property is planned to provide high-quality housing services to the local area.

   1. Location

      Situated in the prestigious River Oaks residential area in central Houston, Texas, this site offers excellent access to major business districts and transportation infrastructure (the areas in blue below).

      
      
      
   2. Basic Plan

   Property Name	Clayton at The RO
   Location	Houston, Texas
   Site Area	Approximately 7,410 m²
   Structure/Scale	Reinforced concrete, 28-story high-rise apartment
   Usage	Apartment building
   Leasable Floor Area	35,194 m²
   Number of Units	317
   Completion	2028 (planned)

3. About the Local Developer