Secures Property Management and Building Maintenance Services Contract for Projects Owned by a Private Fund Managed by BlackRock's Real Estate Business

TOKYO, Oct. 24, 2024 (GLOBE NEWSWIRE) -- SYLA Technologies Co., Ltd. (Nasdaq: SYT) (“SYLA” or “the Company”), operator of the largest membership real estate crowdfunding platform in Japan, Rimawari-kun, announced that its subsidiary, SYLA Co., Ltd (Head office: Shibuya-ku, Tokyo; CEO: Yoshiyuki Yuto) (“SYLA Co.”), has launched its new condominium brand, SYFORME NEXT.

In addition, SYLA Co. has been contracted to provide property management and building maintenance services (“the Collaboration”) for multiple SYFORME and SYFORME NEXT properties owned by a private fund managed by BlackRock's Real Estate business (“BlackRock”).

Launch of New Brand and the Collaboration
SYLA Co. has launched a new brand SYFORME NEXT as the second line of its SYFORME-branded condominiums. In addition, SYLA Co. has been contracted to provide property management and building maintenance services for multiple SYFORME and SYFORME NEXT properties owned by a private fund managed by BlackRock’s Real Estate business, including SYFORME NEXT MUKOJIMA, with plans for further expansion in the future.

In December 2023, SYLA Co. entered into a collaboration agreement with BlackRock’s Real Estate business, and later sold four SYFORME buildings to BlackRock in January 2024.

Through the Collaboration, SYLA Co. will continue to unlock opportunities for BlackRock’s Real Estate business to invest in real estate projects in Japan and accelerate strategic real estate development and investments in line with market needs.

Property Overview
SYFORME NEXT MUKOJIMA
Location: 5 Mukojima, Sumida-ku, Tokyo, Japan

About the SYFORME Series
Guided by the philosophy of crating condominiums that reflect our aspirations, SYLA’s own condominium brand SYFORME series is designed in extensive collaboration with design, construction, and surveying firms, along with our esteemed partners. Our stringent commitment involves selecting materials through meticulous examination, tactile assessment, and subsequent approval. We are dedicated to creating designs that embody elegant simplicity while maintaining enduring, timeless appeal, transcending the next two decades.

Explore our property gallery at our website: https://syla.jp/business/gallery

About SYLA Technologies Co., Ltd.
Headquartered in Tokyo, Japan, SYLA Technologies Co., Ltd. (NASDAQ: SYT) (“SYLA” or “the Company”) owns and operates the largest membership real estate crowd-funding platform in Japan, Rimawari-kun, which targets individuals, corporate and institutional investors, as well as high net worth individuals. SYLA’s mission is to democratize real estate investment around the world through technology and asset management through the Rimawari-kun platform. SYLA is engaged in the overall investment condominium business, including planning, development, construction, sales, rental management, building management, repair work, and the sale of properties. Additional information about the Company’s products and services is available at https://syla-tech.jp/en.