Mitsubishi Corp. - UBS Realty (MC-UBS), which is our sponsor, is an asset management company that was established in 2000 as a joint venture between Mitsubishi Corporation, which is Japan’s largest general trading company, and UBS, which is one of the largest global financial institutions.
MC-UBS manages the two funds, Japan Retail Fund Investment Corporation, which is the first REIT in Japan to specialize in retail properties listed in 2002, and Industrial & Infrastructure Fund Investment Corporation, which is the first REIT in Japan to specialize in industrial properties listed in 2007.
Leveraging this track record in asset management, MC-UBS acquired an equity stake in MCUBS MidCity Inc. in April 2015.
Note that MCUBS MidCity Inc. has entered into a Memorandum of Understanding regarding an absorption-type merger in which Mitsubishi Corp.-UBS Realty Inc. will be the surviving company and MCUBS MidCity Inc. will be the dissolving company. Effective date of this merger will be July 1, 2019. For more information, please see MCUBS MidCity Investment Corporation’s website.