[Real Estate Crowdfunding Platform Rimawari-kun] Applications for the Regional Revitalization Fund Series Phase 2, “DOTOWN HOUSE Ocean Front” and “DOTOWN APARTMENT Ocean Front” Will be Open on the Same Day!

SYLA Co., Ltd. (Head office: Shibuya-ku, Tokyo; CEO: Yoshiyuki Yuto), a wholly owned subsidiary of SYLA Technologies Co., Ltd. (Head office: Shibuya-ku, Tokyo; CEO: Hiroyuki Sugimoto; NASDAQ: “SYT”), will open applications for two new funds, “Phase 2 DOTOWN HOUSE Ocean Front” and “Phase 2 DOTOWN APARTMENT Ocean Front,” in collaboration with DOTOWN Inc. (hereinafter “DOTOWN”), which aims for regional revitalization. The applications for these funds will commence simultaneously on Tuesday, March 26, 2024. The offering amounts are 36.76 million yen and 75.16 million yen, respectively (111.92 million yen in total).



The launch of the two new funds builds upon the success of previous projects, “DOTOWN HOUSE Ocean Front” and “DOTOWN APARTMENT Ocean Front,” both managed by DOTOWN. These initiatives form parts of “THE CHIKURA BASE TOWN Project,” aimed at revitalizing the local community, promoting social interaction, and cultivate a vibrant atmosphere where residents, newcomers, and visitors can engage. Rimawari-kun remains dedicated to supporting the operation of the subject properties, driving the development of the surrounding area, and contributing to the ongoing revitalization within the community.



▼「Phase 2 DOTOWN HOUSE Ocean Front」
https://rimawarikun.com/customers/products/91



▼「Phase 2 DOTOWN APARTMENT Ocean Front」
https://rimawarikun.com/customers/products/92

Previous Funds
「DOTOWN APARTMENT Ocean Front」
https://rimawarikun.com/customers/products/45

「DOTOWN APARTMENT Ocean Front」
https://rimawarikun.com/customers/products/46

Why Develop a Residence and Corporate Housing in this Area?
The Wadaura area, where the subject properties are located, is highly regarded by residents for its convenience and natural allure. With the increasing popularity of remote work, this area is emerging as an appealing choice for relocation and settlement. Furthermore, Minamiboso City actively promotes migration, settlement, and hometown return initiatives across the entire region including Wadaura. These factors lead to the construction of these residences.

There is currently a lack of rental properties in the vicinity of “THE CHIKURA UMI BASE CAMP,” operated by DOTOWN in the surrounding area of the subject properties. Therefore, providing corporate housing serves to alleviate stress and save time for employees. By accommodating employees in this area, they can fully appreciate the benefits of the region being developed by DOTOWN. Moreover, the construction of corporate housing reflects DOTOWN’s commitment to establishing roots in this area and contribute to long-term community development by expanding its business operations. The completion of the residence and corporate housing aims to strengthen ties with the local community and further enhance area development.

About the Wadaura Area, Minamiboso City


The Wadaura area in Minamiboso City is an attractive place blessed with abundant natural beauty, offering a range of outdoor activities in the sea and mountains. Notably, Wadaura Beach stands out with its beautiful white sands and green pine trees, earning recognition as one of Japan’s top 100 beaches. Visitors can enjoy swimming and surfing there. Additionally, the renowned Bride Road (Hanayome Kaido) hiking trail leads to the summit of Mount Karasuba, boasting spectacular views. Regularly held trail running competitions further showcase the area’s natural beauty. Renowned for its commitment to harmonious coexistence with nature, Minamiboso City provides visitors with a pleasant experience.

Funds Overview

Fund name: Phase 2 DOTOWN HOUSE Ocean Front
Offering amount: 36,760,000 yen
Expected yield: 4.5%
Time for distribution: Every 6 months
Fund management period: 1 year
Type of application: Lottery
Term of application: 12:30, Tuesday, March 26, 2024 – 12:00, Tuesday, April 2, 2024 *
Website for application: https://rimawarikun.com/customers/products/91
*Applications may be closed early or extended depending on the number of applications received.


Fund name: Phase 2 DOTOWN APARTMENT Ocean Front
Offering amount: 75,160,000 yen
Expected yield: 4.5%
Time for distribution: Every 6 months
Fund management period: 1 year
Type of application: First-come basis
Term of application: 20:00, Tuesday, March 26, 2024 – 12:00, Tuesday, April 2, 2024 *
Website for application: https://rimawarikun.com/customers/products/92
*Applications may be closed early or extended depending on the number of applications received.

About Rimawari-kun
With the concept of ”support in a new form,” Rimawari-kun is a ”’supportive’ real estate crowdfunding platform” that allows people to invest from 10,000 yen per unit in real estate that contributes to society, revitalization of local communities, and supports someone’s dreams and challenges.
SYLA will continue to expand “Rimawari-kun” services to better meet the needs of its customers, while keeping in mind its concept of ”social contribution, regional development, and support for someone’s dreams and challenges.”
*Rimawari-kun is the No. 1 real estate crowdfunding service in Japan in terms of registered members.
FY6/2023_Market Survey of Real Estate Crowdfunding Service Member Registrations
Research organization: Japan Marketing Research Organization

Rimawari-kun website
https://rimawarikun.com/

SYLA Technologies Company Contact
Takeshi Fuchiwaki
Director, Chief Growth Officer
[email protected]