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Meet Village House – One Of The Largest Private Residential Landlords In Japan That Offers Affordable Housing To Foreign Residents

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Below is our recent interview with Michelle Redman, from Village House:

Q: Could you provide our readers with a brief introduction to your company?

A: Fortress Investment Group is a leading global investment manager with over $42 billion of assets under management and one of the most active real estate investors in Japan. In 2017, Fortress acquired a large portfolio of residential assets throughout Japan from the Ministry of Health & Welfare’s Japan Organization for Employment of the Elderly, Persons with Disabilities and Job Seekers (“JEED”) and have created a company around this portfolio called “Village House”. Village House is managed by an asset management platform which Fortress set up called Village House Management Co., Ltd. Village House consists of 1,149 properties with over 106,000 apartment units throughout Japan. Village House is one of the largest private residential landlords in Japan that offers affordable housing to Japanese and foreign residents throughout Japan using the resources of a leading private equity firm.

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Q: Any highlights on your recent announcement?

A: Village House, a trusted rental housing service company in Japan, has recently leveraged Erikura to provide employment opportunities to its tenants and local residents. A job matching service owned by Recruit Co., Ltd, Erikura enables residents to apply for one-off cleaning work at any of the Village House properties.

Q: Can you give us more insights into your offering?

A: Through Erikura, Village House will post available job vacancies which mainly involve cleaning of common areas that can be completed within minutes. Those interested can easily sign up for the job and proceed to complete the task. Once finished, they are required to report with photo proof to receive the matching fee. As of January 2021, this service has been introduced to 31 prefectures in Japan with over 9,000 successful trials.

Q: What can we expect from your company in next 6 months? What are your plans?

A: This service will be phased in all prefectures sequentially to improve the quality of life for all Village House residents.

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Q: What is the best thing about your company that people might not know about?

A: Low upfront initial costs, No Deposit, No Key Money, No Broker Fees, No Renewal Fees.

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