US Real Estate Fund To Buy Japanese Property Mgr

Aetos Japan, a Japan-focused US property fund, plans to acquire the remaining 50% interest in Simplex Investment Advisory Inc., a real estate fund manager, from Goldman Sachs, according to Nikkei. In 2007, Aetos and Goldman together bought the then-listed Simplex, whose portfolio consists mainly of Tokyo office buildings. Aetos by making it a wholly owned subsidiary will provide fresh capital and lift its value over the long run.