Japanese Operations

Blake & Sanyu is a strategic alliance between Joseph J. Blake and Associates, Inc. and Sanyu Appraisal Corporation of Japan.

The alliance was formed in 1998. As recognized leaders of the valuation and consulting fields in their respective countries, the alliance provides third-party appraisals and due diligence to the issuers and purchasers of real estate debt and equity in the United States and Japan.

In the first alliance of its kind, Joseph J. Blake and Associates, Inc. is contributing its knowledge of the requirements of international investment banks, rating agencies, and opportunity funds with regard to underwriting and investment analysis and combining this with the extensive, on the ground market knowledge and database of Sanyu Appraisal Corporation. The alliance is striving to improve the quality and depth of information and analysis to assist investors and lenders in making decisions.

Blake & Sanyu offers a wide array of consulting services including valuation, cash flow analysis, non-performing loan analysis, loan documentation reviews, property inspections and market studies. The Japanese Government recently passed legislation to allow the formation of JREIT’s (Japanese real estate investment trusts). The legislation requires market value appraisals by independent third-party appraisal firms for any property purchased or disposed of by a JREIT. Joseph J. Blake and Associates, Inc.’s experience in servicing U.S. REIT’s and Sanyu Appraisal Corporations’s local market presence make the alliance uniquely well suited to perform these services.

Founded in 1980, Sanyu Appraisal Corporation is one the largest valuation and research firms in Japan. According to the firm, Sanyu Appraisal Corporation is the largest producer of appraisal reports within Japan, and ranked third and fourth in sales revenue and number of licensed appraisers, respectively. Headed by president Masaharu Yoshimura, Sanyu Appraisal Corporation has over one hundred employees and offices in Tokyo, Osaka, Nagoya and Sendai. Joseph J. Blake and Associates, Inc. is also considering similar alliances in Korea, Thailand and China.

For further information, please contact Michael J. Maglocci, MAI, Managing Partner of our Chicago office.  To contact our Tokyo Office directly, please contact Mr. Ryosuke Fukusako, Managing Director of Sanyu Appraisal Corporation. Additional contact information can be found on the Office Locations page.

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