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  "domain": "real-estate-finance",
  "title": "Real-estate bridge fund (Japan)",
  "entry_type": "wiki_entry",
  "frontmatter": {
    "title": "Real-estate bridge fund (Japan)",
    "aliases": [
      "real-estate-bridge-fund-japan",
      "Japan real-estate bridge fund",
      "Japan warehousing fund real estate",
      "Japan pre-REIT bridge fund",
      "Japan J-REIT bridge SPV",
      "Japan property warehouse SPV",
      "Japan real-estate bridge equity",
      "Japan real-estate warehouse financing"
    ],
    "domain": "real-estate-finance",
    "type": null,
    "created": "2026-05-25",
    "last_updated": "2026-07-29",
    "last_tended": "2026-07-29",
    "review_by": "2027-01-29",
    "confidence": "likely",
    "tags": [
      "real-estate-finance",
      "securitization",
      "bridge-fund",
      "warehousing",
      "j-reit",
      "gk-tk",
      "japan"
    ],
    "status": "active",
    "canonical_anchor": null,
    "related": [],
    "note": null,
    "sources": [
      "https://www.jpx.co.jp/english/equities/products/reits/guidebook/b5b4pj000003984r-att/REIT.pdf",
      "https://www.boj.or.jp/en/research/brp/fsr/fsr260421.htm",
      "https://www.smtb.jp/english/sale/estate/service",
      "https://www.tr.mufg.jp/english/aboutmutb/business/realestate.html",
      "https://www.muream.tr.mufg.jp/english/"
    ]
  },
  "summary": "A real-estate bridge or warehouse vehicle temporarily holds an asset pending a planned financing, stabilisation, or sale. A J-REIT or private vehicle can be a potential takeout buyer, but neither the buyer, hold period, GK-TK/trust structure, leverage, nor exit price is universal. The 6–18 month per",
  "headings": [
    "Real-estate bridge fund (Japan)",
    "TL;DR",
    "Wiki route",
    "Timing-mismatch problem",
    "Vehicle stack",
    "Equity layer",
    "Debt layer",
    "Dealer-bank role",
    "Possible takeout to a listed J-REIT",
    "Takeout to private REIT or pension"
  ],
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