Oaktree's Japan REIT shopped around for possible merger

09/2/2009 | Bloomberg

Oaktree Capital Management is looking for a way to put its Japanese REIT, Japan Rental Housing Investments, into a merger with another Japanese REIT. One possibility is a merger with Japan's first failed REIT, New City Residence Investment Corp., a move that probably would call for support from New City's creditors.

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