Table 3

Foreign ownership ratios before and after inclusion in the FTSE EPRA/NAREIT global index

BeforeAfterDifference (%)
Ichigo Office REIT Investment Corporation45.249.44.3
AEON REIT Investment Corporation10.89.1−1.7
Invincible Investment Corporation16.626.19.5
Global One Real Estate Investment Corporation15.620.65.0
Comforia Residential REIT, Inc.7.312.34.9
Japan Hotel REIT Investment Corporation26.731.44.7%
Starts Proceed Investment Corporation9.914.34.4
Daiwa Office Investment Corporation4.99.04.1
Daiwa Securities Living Investment Corporation31.834.12.3
HEIWA REAL ESTATE REIT, Inc.15.016.51.5
Hoshino Resorts REIT, Inc.20.428.27.8
Fukuoka REIT Corporation7.88.81.1
Hankyu Hanshin REIT, Inc.8.113.25.1
Mean16.921.04.1
Source(s): Authors’ own work

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