S&P Global Market Intelligence-covered real estate companies own 159 properties in earthquake-struck Hokkaido, an island in northern Japan.
According to the United States Geological Survey report of shaking in the area, 37 of these properties are in areas measured at a shake intensity of 7.0 on the Modified Mercalli Intensity Scale, a very strong shake that can cause slight to moderate damage in ordinary, well-built structures and considerable damage in older or poorly built structures. An additional 111 properties were in the region marked at a 6.0 intensity, which equates to a strong shaking that can cause slight damage and move heavy furniture.
The remaining 11 properties on Hokkaido island were in areas that experienced a light to moderate shake that can overturn unstable objects and break windows or dishes.
A majority of the S&P Global Market Intelligence-covered properties in the impacted area are in the city of Sapporo, which experienced strong to very strong shaking.
Multifamily-focused Japan Rental Housing Investments Inc. owns seven properties in the region that experienced a 7.0-intensity shake, the most in that zone of any S&P Global Market Intelligence-covered real estate company. Japan Rental Housing Investments also owns nine properties in the region marked at a 6.0 intensity. The company confirmed that no serious damage has been reported at its 16 properties in the area.
Nomura Real Estate Master Fund owns 16 properties in the earthquake-stricken area, with 13 in areas that experienced a 6.0-intensity shake and three that experienced a shake intensity of 7.0. The company announced that as of Sept. 6 there were no reports of serious damage that would impact its operating results.
Samty Co. Ltd. owns six properties in the area marked with a 7.0 intensity, as well as nine properties in the 6.0-intensity region.
Japan Retail Fund Investment Corp. reported partial damage at both of its shopping centers in Sapporo, affecting over-the-counter sales of groceries on the first floor of each location.
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