Mitsubishi UFJ Trust and Banking Corp is taking a minority stake in U.S. residential real estate manager Churchill Real Estate, a news release said.
The size of the stake and terms of the deal are not being disclosed, according to a Churchill Real Estate spokesman.
MUTB is an existing investor in Churchill's strategies. Churchill Real Estate will use MUTB's investment to enhance its loan origination, financing and product capabilities. There will be no changes to Churchill's strategy, investment process or day-to-day operations, the release said.
"For more than a decade, Churchill has distinguished itself as one of the premier U.S. residential real estate investors with an unwavering commitment to integrity, innovation, and delivering risk-adjusted performance across market cycles," said Shinichi Takasaka, executive officer and general manager at MUTB's credit products investment division.
Churchill has approximately $7.4 billion in assets under management. Churchill also manages a $2.1 billion whole loan servicing portfolio.
