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COMPANY OVERVIEW

Global Real Estate Investor / Manager

  • Founded in
    2008
  • 49
    employees
  • AUM
    USD 4.9B
  • Cumulative AUM
    USD 6.5B

What Differentiates Us?

  • Global player
  • Capability to source quality deals,
    secure strong investors and tenants based on deeply established relationships of senior management and team
  • Creative strategy
  • Korea’s first successful
    implementation of comversing Office to Hotel
  • Korea’s first overseas investment by REITs (Tokyo CBD Offices and suburb Logistics)
  • Korea's first overseas investment by IPO REITs (Brussels Finance Tower)
  • Superior returus
  • All investments achieving above target returns, over-performing investors’ expectations

JR AMC BY THE NUMBERS

  • ESTABLISHED IN2008
  • 49EMPLOYEES
  • USD 6.5BCUMULATIVE
    AUM
  • 43INVESTMENTS
  • 15OFFICE
  • 7HOTEL
  • 7RESIDENCE
  • 5RETAIL
  • 9LOGISTICS
  • 270,000SQM OFFICE
    (GFA)
  • 386,000SQM RETAIL
    (GFA)
  • 35+INSTITUTIONAL
    INVESTORS

INVESTMENT BREAKDOWN

Cumulative AUM Breakdown by Asset Type

Breakdown by Asset

Breakdown by Region

48%

Office

Total 9 offices under asset management service**
(GFA: appx 440,570㎡)

Korea’s first overseas REIT (Japan)

TRACK RECORD

Track Record
Fully
Realised
REITs		 Property Type AUM
(100million KRW)
JR REIT 1 Daewoo E&C
HQ Building		 Office 2,524
Wootoo Housing CR-REIT 1 Apartment
Complex		 Residential 923
JR REIT 4 KOSMO
Tower		 Office 636
JR REIT 5 Wise Building Hotel 313
JR REIT 8 Myeongdong
Central		 Hotel 1,085
JR REIT 11 D-cube City Office Office 1,647
JR REIT 10 Chungmuro Tower Hotel 870
JR REIT 13 Star Building Office 469
JR Global REIT 1 Akasaka Star
Gate Plaza
(Japan)		 Office 1,432
JR REIT 17 D-cube Shopping Mall Retail 2,894
JR Global REIT 2 Kawagoe ll Logistics Center (Japan) Logistics 860
JR Fund
No. 2		 CJ GS Caltex
Logistics
Incheon		 Logistics 409
Total Fully
Realised		 17,305
Track Record
Active REITs
/ REF		 Property Type AUM
(100million KRW)
JR REIT 2 Pienpolus Hospital 566
JR REIT 9 Poonglim
Building		 Office 1,000
JR REIT 12 D-cube City
Sheraton
Hotel		 Hotel 1,585
JR REIT 16 AK Shopping
mall &
Lotte mart		 Retail 1,755
JR REIT 18 TJ Logistics
Center		 Logistics 664
Dongtan
New Stay		 Dongtan 92
Block
New Stay		 Residential 2,924
JR REIT 24 Homeplus
HQ		 Retail 3,115
JR Fund
No. 1		 Porr Towe
(Austria)		 Office 780
JR Fund
No. 3		 AK Plaza
Gwangmyeong		 Retail 2,195
JR Fund
No. 4,5		 No.2
Dublin Landings		 Office 1,560
Youngjongdo
New Stay		 Youngjong A-12 Block
New Stay		 Residential 5,067
JR Fund No.6 Lotte Hotel (Guam) Hotel 700
JR Fund No.7 E Land Retail 5 Branches Retail 1,450
JR Fund No.9 Cristalia Office 2,214
JR Fund No.12 Minami Hakataeki, Other 3 (Japan) Hotel 315
JR Fund No.13 Goldin Financial Global Center Office 755
JR Fund No.14 Bukwirye Hillstate Residential 350
JR Fund No.15 Fukuoka Residence Residence 406
JR Fund No.16 Nordic Light Trio Office 624
JR Fund No.17 Poland Feniks Office 645
JR Fund No.18 Logistics Portfolio Logistics 491
JR Fund No.19 Logistic Center Logistics 1,400
JR Fund No.20 Gunma Logistic center Portfolio Logistics 943
JR Fund No.21 Ansung Goeun-Ri Logistic Center Logistics 950
JR Fund No.23 Namyangju Parya-Ri Logistic Center Logistics 1,500
JR Global Finance Tower Complex, Brussels Office 16,882
JR Fund No.22 Starlake City B3CC1 Retail 4,500
JR REF S No.1 Domestic Real-Estate Development Residential 110
JR REF No.24 Wonsi-dong Logistic Center Logistics 1,040
JR REF No.25 DaeBang Nobleland prestige Residential 230
Total
Active		 56,615

* Exchange rates as of the time of acquisition have been employed (EUR/KRW, JPY/KRW)

** Investments outside Korea highlighted in blue

INVESTMENT EXAMPLES

Core Office

Office assets compose the majority of JR AMC investments. JR AMC has successfully closed acquisitions in Korea and Japan, followed by efficient asset management and exit from experienced in-house professionals and globally consolidated investment platforms.

  • Daewoo E&C
    Headquarters

    • Office
    • Asset value: KRW 252B
    • GFA 54,672㎡
    • Tenant: Daewoo E&C

  • Akasaka Star Gate
    (Tokyo)

    • Office
    • Asset Value: KRW 143B
    • GFA 17,493㎡
    • Tenant: Tokyo Star Bank

  • Porr TowerC
    (Vienna)

    • Office
    • Asset value: KRW 77B
    • GFA 30,354㎡
    • Tenant: PORR AG

  • Finance Tower Complex
    (Brussels)

    • Office
    • Asset Value : KRW 1,688B
    • GFA 196,189㎡
    • Tenant : Regie Der Gebouwen

Value-Added

Over numerous transactions, JR AMC has displayed creative and innovative value-add strategies – ahead of the opportunity curve. Examples include the remodeling/ repositioning/restructuring of distressed/non-performing office assets into hotels in locations of dense foreign visitor footprint.

HOTELS IN MYUNGDONG

HOTELS IN MYUNGDONG
Location Jung-gu, Seoul
Tenant Hotel Skypark (IQWELL)
Built 1995
(as Office)		 2002 (as Office) /
2012 (as Hotel)
Investors KT&G, LOFA KSCFC, KT&G,
LOFA
Lot Size USD 29M USD 167M
Returns Preferred 7.85% /
Common 14.88%		 7.53%

Conversion of Office to Hotel

Investment Criteria
  • 15yrs master-lease by hotel operator IQWELL
  • Heart of Seoul’s densest tourist footprint → Office to Hotel conversion
  • Significant potential for capital gain

Mixed-Use

D-Cube City is one of Korea’s largest mixed-use complex, comprised of over 40,000sqm of Office area, a globally-renowned 5-star luxury hotel, and a department store operated by the nation’s Top3 operator. D-Cube City is connected directly to Sindorim Station, the largest transportation hub of west Seoul used by over 500,000 passengers daily (No.1 among all stations). JR AMC fundraised globally from institutional clients including GIC, CPPIB and NPS.

D-CUBE CITY

D-CUBE CITY
OFFICE HOTEL RETAIL
Location Jung-gu, Seoul
Tenant Daesung
Industrial		 Sheraton
(Starwood)		 Hyundai
Department
Tenant 2011
Investors NPS, CPPIB RE Holdings, Kyobo Life,
NH Life, Daesung Industrial etc.
Lot Size USD 540M
Returns Pref 7.50%
Com 8.86%		 8.0% 85.94%%

Mixed-Use / Value Enhancement

Investment Criteria
  • Directly connected to Sindorim Station, the largest transporation hub of West Seoul, used by over 500,000 passengers daily (highest in Seoul)
  • Long lease(10+ yrs) to strong tenants
  • Value enhancement via premium brands (Hyundai Department Store, Sheraton)

Logistics

The JR AMC portfolio includes both domestic and overseas logistics assets, which adds an extra layer of diversification. Notable transactions closed by JR AMC include TJ Logistic Center and Kawagoe II Logistics Center. TJ Logistic Center is the first multi-tenant logistics asset transaction closed by a Real Estate manager in Korea. Kawagoe II Logistics Center in Japan was acquired by JR AMC fully on behalf of NPS.

  • TJ Logistics Center

    • Asset value : KRW 87B
    • GFA : 12,217m2
    • Establishment :
      2015-04-12
    • Tenant : Multi-tenant (Swatch Group, Samyang Corp., EL Center, etc.)

  • KawagoeⅡ Logistics
    Center(Japan)

    • Asset value : KRW 66B
    • GFA : 19,435m2
    • Establishment :
      2015-05-22
    • Tenant : Japan Logistic
      Systems,
      RIX Corporation

EXECUTIVES

JR AMC Senior Management

  • Bang-Joo Lee
    Chairman & CEO

    EDUCATIONKorea University / Economics

  • Experience

    Hyundai Development Company, CEO, Vice Chairman
    Korea Housing Association, Chairman
    Hyundai Motor Company, CFO, CEO
    Real Estate Asset Investment Professional

    • Kwan-Young Kim
      President & CEO

      EDUCATIONWharton School, University of
      Pennsylvania / Finance (Ph.D.)
      Seoul National University / Economics

  • Experience

    Korea Association of Real Estate Investment Trusts, Chairman
    Presidential Commission on Architecture Policy, Commissioner
    Hanyang University, Professor

    • Henry Hyon-Suk Jang
      Vice President

      EDUCATION Korea University / Economics (Master’s)
      Dongguk University / Accounting

  • Experience

    Heungkuk Securities, IB Division
    Hanwha Investment & Securities, IB Division
    ECFC* Management Committee Member

    • Directors

    • Ho-Joon Lee
      Executive Managing Director

      EDUCATION Yonsei Graduate School of Engineering / Urban Engineering
      Kyongwon University / Urban Planning

  • Experience

    Colliers International, Senior Director, CMIS
    Woori Bank, Senior Manager, Investment Financing DIv

    • Sa-Eun Park
      Managing Director

      EDUCATION SoGang University / Economics

  • Experience

    Hyundai Development Company / Planning Team Manager, HDC I-Service Company / CFO

    • Jun-hyeong Park
      Managing Director

      EDUCATION Chungang University / Economics(Master’s)
      Chungang University / Public Administration

  • Experience

    KB Real Estate Trust / REITs Investment Dept. | Team Head
    A.I.M. Investment Management Inc./ Investment&Asset Management Dept.| Head of Dept.

    • Bong-Gyo Seo
      Team Manager

      EDUCATION University of Tsukuba / Risk Engineering (Master’s)

  • Experience

    Yojin Construction & Engineering, Manager
    Seobu T&D Planning Manager

    • Ja-kwang Kim
      Managing Director

      EDUCATION Univ. of Southern California, MBA
      Korea University, Business Administration

  • Experience

    NH Investment & Securities, IB Division
    Korea National Housing Co.

    • Dong-Hee Won
      Managing Director

      EDUCATION Korea University, German Language and Literature

  • Experience

    Hyundai Development Company, General Manager

    • Seung-Oo Yoo
      Managing Director

      EDUCATION Korea university business school MBA course
      Korea university department of law

  • Experience

    Headquarter of Hanwha Savings Bank risk management department
    Team leader of Woori Investment Bank loan screening team & risk management team
    Licensed real estate agent

    • Kwang-Il Lim
      Auditor

      EDUCATIONDongguk University /
      Business Administration

  • Experience

    I-PARK Mall, CFO, Senior Vice President
    Hyundai-EP, CFO, Senior Vice President
    Hyundai Development Company, Financial Accounting Team

    • Hyung-Jin Kim
      Team Manager

      EDUCATION Hanyang University / College of Business

  • Experience

    TONGYANG Securities Co., Ltd. / IB Division / Corporate Finance Dep / Analyst
    Mirae Asset Daewoo Co., Ltd. / IB Division / Corporate Finance Dep / Senior Manager
    SEMA(Scientists & Engineers Mutual-Aid Association) Act. / Asset Management Division / Corporate Investment Dep / Manager
    Kiwoom Investment Asset Management Co., Ltd. / Alternative Investment Division / Real Asset(Real Estate) Investment Management Dep / Team Head

    • Marcus Yoon
      Team Manager

      EDUCATION M.A., The Fletcher School at Tuft Univ., International Relations
      B.A., Hankuk Univ. of Foreign Studies, English I&T

  • Experience

    Daewoo Securities - Investment Banking Dept., Debt Capital Markets
    Hana Financial Investment - Investment Finance Division
    Invest in Finland - Embassy of Finland in Seoul, Korea

    • Jeong-Min An
      Team Manager

      EDUCATION University of California, Berkeley / M.Arch
      Konkuk University / Architectural Engineering

  • Experience

    CBRE, Construction Management & Advisory
    Plus Asset Management, Alternative Investment Team
    Colliers International, Capital Market & Investment Service

    • Yoon Tae Kim
      Team Manager

      EDUCATION Michigan State Univ. – B.A
      U.S.C. Gould School of Law – LLM

  • Experience

    Hyundai E&C – Legal Department / In-house Counsel
    Mirae Asset Daewoo / Global AI Team
    IBK Securities / Structured Finance Team
    Hana Financial Investment / Structured Finance Dep.

    • Hyun-Mo Koo
      Team Manager

      EDUCATION HanYang Univ. / Business Administration
      HanYang Univ. / Global Business Administration (Master’s)

  • Experience

    Standard Chartered Bank.
    Deutsche Asset Management

    • Seok-Kyu Hong
      Team Manager

      EDUCATION Korea University, Master of Business Administration in Finance
      Catholic University of Korea, Bachelor of Computer Engineering and Public Administration
      Registered Investment Professional as Certified Investment Manager for Financial Investment

  • Experience

    General Equity Korea, Director, Real Estate Investment Team
    Bank of America Merrill Lynch, Team Leader, Global Transactions Services
    Bank of New York Mellon, Associate, Treasury Services

    • Daniel Cho
      Team Manager

      EDUCATION University College London, BSc Economics

  • Experience

    Heungkuk Securities, IB Division

    • Min-Kag Song
      Team Manager

      EDUCATION konkuk university graduate school of real estatestudies

  • Experience

    KAKAO Corp. Asset development
    JLL(Jones Lang LaSalle) Retail & Advisor
    Glostar Corp. Development

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