Nippon Building Fund

Update in progress

8951.T (Tokyo)

Nippon Building Fund Inc. (NBF) is an externally managed Japanese REIT formed in 2001 under the Investment Trust Law. Sponsored by Mitsui Fudosan Co., Ltd., Sumitomo Mitsui Trust Bank, Limited, and Nippon Building Fund Management Ltd. NBFM manages, acquires, leases, and renovates office properties. Mitsui Fudosan owns 46%, Sumitomo Life 35%, others 19%. IPO raised about ¥50 billion in 2001; units trade on the Tokyo J-REIT market. As of 6/30/2025: 68 properties, ~1.21 million sqm, 1,545 tenants, 98.6% occupancy.