Acquisition of Two Value-Add Multi-family Buildings In Boston, United States

〈Property1: One India St Apartments〉

The property is located in the heart of Bostonʼs Financial District that is also surrounded by numerous retails and restaurants, offering great convenience for residents. With one of the most historic parks in the U.S., Boston Common and waterfront areas nearby, it offers access to nature, catering to the steady demand from single professionals and dual-income households who prefer proximity to the workplace.

Located in where new housing supply is limited, we provide high-quality living spaces with modern amenities as well as smart home technology such as smart thermostats, smart locks, and water leak detection system, while not making any alterations to the over 100-year-old exterior and keeping it in its original. Leveraging the expertise accumulated from our multi-family properties in the U.S., we will continue to focus on enhancing property value through further renovations.

One India was purchased in 2024 in partnership with Synergy, a full-service, vertically integrated real estate investment and operating company.

〈Property2: The Batch Yard〉

The property is located in Everett, Massachusetts, with excellent access to downtown Boston and Cambridge, which is hub for worldʼs leading universities, medical institutions and offices, approximately a 15-minute drive away. The surrounding area has been designated as a redevelopment area, with plans for mixed-use developments focused on hotels, restaurants, theaters, and concert halls, indicating promising future growth.

The property consists of three buildings: the main building, the north building, and the south building. The main building was renovated from a former candy factory, featuring high ceilings that preserves elements of the original concrete structure. We will implement further renovations utilizing our experience from our multifamily properties in the U.S., along with LCORʼs value-added initiatives such as providing an enhanced building network systems and the introduction of digital leasing assist tools.

This project is the first joint venture with LCOR Inc., a fully integrated real estate investment, development, and management firm, focusing on key urban markets in the eastern U.S. using best-in-class technology to enhance the resident experience and drive operational efficiency.

〈Wide area map〉

〈Project Overview〉