7/3/2008

Dalton Investments KK may raise as much as $450 million to invest in struggling Japanese REITs. The activist fund said it may also raise an additional $500 million for a management buyout fund. "We really like real estate and at the same time we really need the concept of distress," said Junichiro Sano, head of the Japan affiliate of California-based Dalton Investments LLC.

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