Nippon Accommodations Fund Inc. Nippon Accommodations Fund Inc. (NIPPF) operates as a Japanese real estate investment trust (J-REIT) that primarily invests in accommodation assets, including rental apartments, dormitories, corporate housing, serviced apartments, senior housing, and hospitality facilities such as hotels; its portfolio emphasizes newly developed residential properties in response to evolving social and lifestyle demands, with key properties like Okawabata Rental Building, Park Axis Gakugei University, Dormy Kyoto Nijo, Park Axis Toyosu, Shibaura Island Air Tower, Park Cube Meguro Tower, Park Cube Atagoyama Tower, and Park Cube Higashi Shinagawa. The fund targets urban centers, with approximately 80% of properties in Tokyo's 23 wards, alongside regional core designated metropolitan areas and major cities nationwide for hospitality assets; it serves residential tenants, corporate clients, seniors, and hotel guests, generating stable mid- to long-term earnings through strategic asset management. Founded in 2005 and listed on the Tokyo Stock Exchange in 2006, Nippon Accommodations Fund Inc. maintains its headquarters at Nihonbashi 1-chome Mitsui Building, 1-4-1 Nihonbashi, Chuo-ku, Tokyo, with Mitsui Fudosan Accommodations Fund Management Co., Ltd. serving as its asset manager. Recent developments include the acquisition of the Stayat Osaka Shinsaibashi East property for 2.55 billion yen in February 2025 to diversify its portfolio and drive asset growth, alongside ongoing portfolio expansions and financial results announcements for its 39th fiscal period ending August 2025, reflecting sustained operational performance as of November 2025.