Davis Polk advised the international joint lead managers in connection with Invincible Investment Corporation’s global offering of investment units. The global offering consisted of an offering in Japan and an international offering outside Japan pursuant to Rule 144A and Regulation S. Invincible Investment Corporation sold 459,512 units in the global offering for aggregate proceeds of approximately ¥37.9 billion (approximately $336.5 million). Invincible Investment Corporation’s investment units are listed on the Tokyo Stock Exchange.

 

Invincible Investment Corporation is a Japanese real estate investment corporation, or J-REIT, sponsored by Fortress Investment Group LLC, focusing primarily on investments in hotel properties, particularly limited service hotels as well as select full service hotels and resort hotels located primarily in popular tourist destinations in Japan.

 

The Davis Polk corporate team included partner Jon Gray, counsel Christopher J. Kodama and senior transaction manager Chihiro Sasaki. All members of the Davis Polk team are based in the Tokyo office.

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