Aetos Capital offloads Simplex for $1.3b

The US fund sells Simplex to Japanese developer Hulic for ¥155 billion.

US investment management firm Aetos Capital Real Estate said on Wednesday it has agreed to sell Simplex Investment Advisors Group to Japanese real estate operator Hulic for 155 billion $1.3 billion.

Simplex has a portfolio of 13 real estate assets, with a large exposure to central Tokyo. The company’s properties are a mixture of commercial office buildings, retail, and one official Tokyo Disney Resort hotel. The company also manages over 150 billion in assets for third parties.

Aetos Capital, which that invests in real estate in Asia, principally Japan and Greater China, acquired a 50% interest in Simplex in 2007. As part of a recapitalization post-financial...

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