Tokyu REIT Inc.'s investment manager will make several director-level changes to its board after approving a resolution at a board meeting March 30.
Tokyu Real Estate Investment Management Inc. will appoint Tomoki Shinozaki and Hisatsugu Yamada to be executive directors, while Toshiyuki Takahashi will join the board as a nonexecutive director.
Setsu Hamana will step down from his post as a nonexecutive director due to his retirement. All the changes will take effect from April 1.
Meanwhile, Yutaka Toriuchi will serve as the new general manager of asset transaction, replacing Tomohiro Kobayashi, who will resign from the position to return to Tokyu Corporation, also with effect from April 1.