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 Village House logo | |
Native name | ビレッジハウス・マネジメント株式会社 |
|---|---|
| Type | Private |
| Industry | Real estate |
| Founded | December 21, 2016 |
| Headquarters | 44th floor, Roppongi Hills Mori Tower, Roppongi, Minato, Tokyo, Japan[1] |
| Key people | Tatsuhiko Iwamoto (president and CEO) |
| Products | Rental housing |
Number of employees | 1,054 (1 September 2026)[1] |
| Website | www |
Village House Management Co., Ltd. (Japanese: ビレッジハウス・マネジメント株式会社) is a Japanese residential property management company. It operates the Village House rental-housing portfolio, which consists principally of former government-run Employment Promotion Housing complexes acquired by affiliates of Fortress Investment Group.[2]
History
[edit]Employment Promotion Housing was developed as accommodation for workers and was later administered by the Japan Organization for Employment of the Elderly, Persons with Disabilities and Job Seekers (JEED). Following a 2007 government decision, the program was to be sold or discontinued by the end of fiscal 2021.[3]
The company was established in December 2016 as Residential Service Japan Co., Ltd. In 2017, Fortress-related entities acquired approximately 106,000 Employment Promotion Housing units across Japan for about ¥61.4 billion. The western Japan portion included 59,904 units in 626 properties.[2][3] The properties were renamed Village House and vacant units were refurbished for rental.
Residential Service Japan changed its name to Village House Management in June 2018.[1]
Housing stock
[edit]
The portfolio is an example of the reuse of Japan's postwar residential housing stock rather than new construction. Many of the acquired buildings were approximately 50 years old.[2] Company materials for three estates in Toyama Prefecture renovated in 2023 give construction dates from 1965 to 1976 and list 2K or 3DK apartment layouts. Each of the three estates comprises between two and four buildings.[4]
Such multi-building postwar apartment estates form part of the broader architectural and social context of Japanese danchi. Employment Promotion Housing was a different government program from the estates developed by the Japan Housing Corporation, the predecessor of the Urban Renaissance Agency (UR), but both form part of the history of postwar Japanese apartment estates. Architectural historian Tatiana Knoroz compares the exterior proportions, concrete access stairs and spacing of early low-rise danchi with Soviet Khrushchyovka housing. She notes that direct influence is uncertain and that Japanese interior layouts and climate-responsive design differed from the Soviet buildings.[5]
Digital operations
[edit]In September 2021, the trade newspaper Zenkoku Chintai Jutaku Shimbun reported that about 90 percent of the company's new direct rental contracts were being completed online and described its digital transformation program as an advanced initiative in the rental-housing sector.[6]
In June 2022, Village House introduced electronic applications for prospective tenants contracting directly with the company. Applicants could access a form through a dedicated URL, enter their information and upload supporting documents. Together with electronic signing, which the company had introduced for direct leases in January 2021, this enabled the application-to-contract process to be completed electronically.[7]
In April 2026, the company announced that it had added 24-hour online viewing reservations and an initial-cost calculator to its website.[8]
Operations
[edit]According to reporting by The Asahi Shimbun, around ¥100 billion was spent on refurbishment and related work, including seismic upgrades. The newspaper reported in 2026 that average occupancy had increased from approximately 30 percent at acquisition to approximately 80 percent, and that foreign nationals accounted for about 25 percent of residents.[2] Later that year, Nikkei MJ reported an occupancy rate of 84 percent.[9]
The Asahi Shimbun has described the conversion of the former Employment Promotion Housing portfolio as a form of affordable housing.[2]
In January 2025, the company was reported to manage 1,063 properties, comprising 2,942 buildings and 107,948 units in all 47 Japanese prefectures.[10] Village House stated that, as of 1 April 2026, it operated 1,064 properties comprising 2,960 buildings and 108,409 units in all 47 prefectures.[8]
References
[edit]- 1 2 3 "Company Information". Village House Management. Retrieved 14 September 2026.
- 1 2 3 4 5 Endo, Kazuki (9 January 2026). 雇用促進住宅をアフォーダブル住宅に 先を見た米投資ファンドの一手 [Turning employment-promotion housing into affordable housing: A US investment fund's forward-looking move]. The Asahi Shimbun Digital (in Japanese). Retrieved 14 September 2026.
- 1 2 全国民間賃貸サービス合同会社に対する特定投資業務を活用した資金面でのサポートについて [Financial support for Zenkoku Minkan Chintai Service LLC using the Special Investment Operations program] (in Japanese). Development Bank of Japan. 30 June 2017. Retrieved 14 September 2026.
- ↑ 富山県富山市、射水市で新たに3物件をリノベーションし10月から新規入居を開始、10月19～21日に内覧会を開催 [Three properties renovated in Toyama and Imizu, Toyama Prefecture, with new occupancy beginning in October] (PDF) (in Japanese). Village House Management. 16 October 2023. Retrieved 14 September 2026.
- ↑ Knoroz, Tatiana (2022). Dissecting the Danchi: Inside Japan's Largest Postwar Housing Experiment. Palgrave Macmillan. pp. 70–73. doi:10.1007/978-981-16-8460-9. ISBN 978-981-16-8460-9.
- ↑ ビレッジハウス・マネジメント、新規の直接契約9割がオンライン [Village House Management: 90 percent of new direct contracts are online]. Zenkoku Chintai Jutaku Shimbun (in Japanese). 12 September 2021. Retrieved 14 September 2026.
- ↑ 賃貸住宅の申込・契約の電子化により個人の入居希望者の利便性を向上 [Electronic rental applications and contracts introduced for individual applicants] (PDF) (Press release) (in Japanese). Village House Management. 20 June 2022. Retrieved 14 September 2026.
- 1 2 "News release (23 April 2026)" (PDF) (in Japanese). Village House Management. 23 April 2026. Retrieved 14 September 2026.
- ↑ ビレッジハウス、入居率84％ [Village House occupancy rate: 84 percent] (PDF). Nikkei MJ (in Japanese). 3 June 2026. Retrieved 14 September 2026 – via Village House Management.
- ↑ 「10億円の家賃回収増」「平均年齢68歳の管理人」 DXで実現した、平均家賃3.7万円の賃貸ビジネス [A rental business with an average rent of ¥37,000, enabled by digital transformation]. ITmedia Business Online (in Japanese). 12 February 2025. Retrieved 14 September 2026.