News

Advantage Partners, LLP (“AP”) announced today that funds served by AP (“AP Funds”) have reached an agreement to sell all shares of United Communities Co. Ltd., (“UC“) to Tokyu Community CORP. (“Tokyu Community”).

Since UC’s acquisition of Dia Kanri Co., Ltd. (currently Community One Co., Ltd.) in April 2008, UC completed five add-on acquisitions of condominium management companies, creating a major condominium management group with over 150,000 units under management on a consolidated basis. Through this transaction, Tokyu Community will become the largest condominium management company in the industry with 450,000 units under management.

The sale to Tokyu Community was achieved as a result of the common objectives shared by both Tokyu Community and UC, together as the largest player in the industry are aiming to provide a wide range of services to meet the diversified needs of customers. AP Funds also believe Tokyu Community is the optimal partner for UC’s future growth.

Overview of Tokyu Community CORP.

• Company Name
  Tokyu Community CORP.
• Location
  10-1, Yoga 4-chome, Setagaya-ku, Tokyo 158-8509
• Date Established
  April 8, 1970
• Representative
  President
  Motonori Nakamura
• Listed Stock Exchange
  1 st Section, Tokyo Stock Exchange
• Major Shareholders
  TOKYU LAND CORPORATION（50.71%）
• Company Website
  http://www.tokyu-com.co.jp/

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