Samty Holdings, a Japanese accommodation developer, hotel operator and property investor, has sold two investment pools of multifamily assets with a total value of 49 billion yen ( US$330 million ).

The buyers, undisclosed international sovereign wealth funds, will retain Samty as the lead asset manager of the portfolio.

In a statement, Samty says the deal marks another milestone in its transformation into an integrated real estate investment platform. It follows the firm’s privatization earlier this year in a deal led by Hillhouse Investment Management’s real estate investment arm Rava Partners, alongside Daiwa Securities Group as a continuing shareholder.

The investment pools comprise 30 newly built multifamily assets, with 70% located in Tokyo, Osaka, and other major cities. The assets are located in established neighbourhoods and are close to public transportation, making them ideally positioned to capture demand from an attractive tenant demographic and drive rent growth.

The first investment pool, consisting of eight assets, will be managed solely by Samty, while the second investment pool, with 22 assets, will be co-managed by Samty along with Alyssa Partners, a privately owned real estate investment management firm.

"This investment and management partnership shows that investors, including international sovereign wealth funds, are recognizing the new opportunities arising from our transformation into an investment platform,” says Samty president and chief executive officer Yasuhiro Ogawa.

“We are confident in our business model and the extensive experience that we have accumulated over the years, and we are glad to see this confidence shared by our partners in Japan and overseas.”