#United States #San Diego #Greystar #Tokyo Tatemono #Kanden Realty

Launch of a New Student Housing Project in San Diego

Kanden Real Estate Development Co., Ltd. and Tokyo Tatemono Co., Ltd. have embarked on an exciting venture by partnering with Greystar in San Diego, California, to develop a state-of-the-art housing project aimed at students. This project marks the first collaboration between Kanden Real Estate, Tokyo Tatemono, and Greystar — America’s largest rental housing developer.

Located near the main campus entrance of San Diego State University (SDSU), this development will feature a total of 310 units, providing approximately 605 beds for SDSU students. The project, named Campanile at SDSU, aims to create an enriching living environment that balances academic pursuits with personal well-being. It will include essential facilities such as a communal lounge, a fitness center, a swimming pool, a dog spa, and dedicated study rooms to support students in their academic endeavors.

Project Overview

The project commenced construction on November 8, 2025, signifying a significant milestone for both Kanden Real Estate and Tokyo Tatemono, as it is their first student housing initiative outside Japan. The facility will occupy around 7,525 square meters with a total five floors dedicated to student living. Notably, the design will incorporate environmentally friendly features, such as a rooftop solar power generation system with a capacity of 338 kW and 73 EV charging stations, ensuring it meets sustainability standards.

Key Features of Campanile at SDSU:

• - Total Units: 310 (605 beds)
• - Unit Types: Studio (30 units), 1-bedroom (65 units), 2-bedroom (135 units), 3-bedroom (80 units)
• - Building Structure: Reinforced concrete on the first floor, wooden construction from the second to the sixth floor.
• - Amenities: Communal lounge, fitness center, pool, dog spa, study room.

This project aims to provide a comforting and secure living environment suited to students and is designed to enhance both their academic and personal lives.

Groundbreaking Ceremony

The groundbreaking ceremony held on November 8, 2025, witnessed participation from approximately 40 attendees, which included representatives from Kanden Real Estate Development, Tokyo Tatemono, and Greystar, alongside construction and design company personnel.

Key figures included:

• - Kanden Real Estate Development: Yuichiro Hirakawa, Head of Overseas Business Division 1
• - Tokyo Tatemono US: Ryushin Nagakubo, President
• - Greystar: Alex Leonard, Senior Director, Development

Future Plans

By the end of the fiscal year 2024, Kanden Real Estate intends to achieve an overseas asset scale of around 74 billion yen and aims to expand its international real estate operations across the U.S., Australia, and Southeast Asia, targeting assets of over 100 billion yen by FY 2028 and approximately 130 billion yen by FY 2035.

Tokyo Tatemono has identified growth in overseas operations as a key strategy in its long-term vision to become the next-generation developer, with plans to invest 110 billion yen in international projects during the mid-term management period (2025-2027).

As both companies collaborate with Greystar, they will leverage their strengths and expertise to deliver high-value developments in America’s real estate sector, while emphasizing sustainability and contributing to community development.

Company Profiles

Greystar

• - Location: Charleston, South Carolina, USA
• - Established: 1993
• - CEO: Bob Faith
• - Business Focus: Leading rental housing developer operating across North America, Europe, South America, and Asia-Pacific with an integrated approach to development, management, and investment.

Kanden Real Estate Development Co., Ltd.

• - Location: Osaka, Japan
• - Established: 1957
• - CEO: Emi Fukumoto

Tokyo Tatemono Co., Ltd.

• - Location: Tokyo, Japan
• - Established: 1896
• - CEO: Katsuto Ozawa

This initiative represents a significant step forward for both Kanden Real Estate and Tokyo Tatemono, paving the way for future projects while focusing on improved living spaces for students in San Diego.