Founded in 1997 as Secured Capital Japan, PAG Real Estate is one of Asia’s largest and most experienced real estate investment and asset management platforms.

Our proven track record spans multiple market cycles. We invest in strategies ranging from hard asset acquisitions to investments in real estate companies and real estate secured distressed debt.

Our network includes on-the-ground expertise in Japan, China, Hong Kong, Singapore, Australia and Korea. Our contacts and relationships span the Asia-Pacific region.

Fast facts

US$33 billion
invested in 7,000 properties across Asia since inception
130+
real estate-focused team members region-wide

A unique, flexible approach

We find opportunities for direct and indirect investment in opportunistic, value-add and core-plus real estate strategies.

We also have unique in-house asset management capabilities, allowing us to unlock value through prudent and cost-effective property management with a strong focus on service.

Creating value

PAG Real Estate aims to create sustainable, risk-adjusted investment returns for investors by deploying our tested skill base in underwriting, structuring and executing various value enhancement and exit strategies. This is supported by our strong sourcing network, which has been developed over more than two decades in the market.

Our core strength is a deep local knowledge and understanding of both property markets and capital markets, which allows us to take advantage of the right opportunities at the right time.

Asset management

Capable asset management is a critical foundation for superior investment returns. PAG has built a strong group of dedicated, in-house asset managers to maximize the investment returns of our portfolio.

Our dedicated teams in Japan, China, Hong Kong, Australia and Korea manage assets acquired by our funds.

Responsible
investing

GRESB 

PAG Real Estate is a participant in GRESB, the global ESG benchmark for real assets, committed to assessing and enhancing environmental, social and governance standards across its portfolio of properties.

Our real
estate funds

SCREP VII

SCREP VII is the firm’s ninth opportunistic real estate fund. The fund is focused on opportunistic property-related investments in Japan, China, Korea and other selected markets. The fund closed in April 2020 with US$2.75 billion in capital commitments.

PAG Real Estate Partners II (PREP II)

PREP II the firm’s second pan-Asian core-plus/value-add real estate fund. The fund seeks to generate attractive income-driven returns in key gateway cities around Asia.

SCREP VI

SCREP VI is the firm’s eighth opportunistic real estate fund. The fund is focused on opportunistic property-related investments and distressed debt in Japan (~65%) and other opportunities across China, Korea and other selected markets. The fund closed in September 2017 with US$1.9 billion in capital commitments.

PAG Real Estate Partners I (PREP I)

PREP I, the firm’s pan-Asian, core-plus/value-add real estate fund, closed in September 2016 with US$1.3 billion in capital commitments. The fund seeks to generate attractive income-driven returns in markets and sectors where PAG has demonstrated investment and management capabilities – primarily Japan, China, Australia, South Korea and Hong Kong.

Secured Capital Real Estate Partners V (SCREP V)

SCREP V is a US$1.5 billion opportunistic real estate fund focused primarily on distressed debt, hard assets, platform equity, bridge financing and co-development opportunities. The fund focuses primarily in Japan but also invests in regional markets such as Australia, Korea and China.

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