Turning nursing homes into investment targets

[TOKYO] Nursing homes in Japan for elderly people and other related facilities will likely be added to the list of properties targeted by real estate investment trusts (Reits) as early as this autumn.

Some corporations plan to list stocks for their nursing home Reits, known as healthcare Reits, aiming to meet growing demand for funding to build and improve care facilities for the elderly by attracting investment, corporate sources said.

The plan is supported by the government and the Tokyo Stock Exchange.