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VISION

Building a Trusted Sponsor-Backed REIT
with Seobu T&D and Shinhan REITs Management

  • Mission

    Enhancing Shareholder Value through Scalable and Sustainable Growth

  • Vision

    The Standard for Sponsor-Backed REITs

  • Core Value

    Balanced Governance between a Responsible Sponsor and a Trusted AMC

Growth Strategy

Developing a Robust Deal Pipeline

Leveraging assets developed and owned by Seobu T&D,
the REIT will continue to expand its portfolio across the hotel, retail, and office sectors.
A robust deal pipeline will support long-term, sustainable growth.

Securing a High-Quality Deal Pipeline
  • Seoul Dragon City (Building B & C)
  • Yongsan Najin Commercial Complex
    (Buildings 12 & 13)
  • Sinjeong-dong Urban Advanced
    Logistics Complex
Long-Term Growth Roadmap
  • 2021 ~ 2022
    IPO Listing
    • Acquisition of Resilient Core Assets during COVID-19
    • Stability Secured through the Sponsor’s Long-Term Master Lease
    • Square 1
    • Grand Mercure Ambassador Yongsan
  • 2023 ~ 2029
    Advancing Toward the Vision
    of Becoming the Standard
    for Sponsor-Backed REITs
    • Acquisition of High-Quality Third-Party Hotel Assets to Support Dividend Growth
    • Re-tenanting Driven by the Sponsor and AMC’s Expertise
    • Building a Scalable Hospitality Investment Cycle
    • Integrated Synergies across Investment, Operations, Finance, and IR
    • Ninetree Hotel Dongdaemun
    • Gwanghwamun G Tower
    • Shilla Stay Mapo
  • 2030 ~
    Full Realization of
    Sponsor–REIT Synergies
    • Portfolio Diversification through the Sequential Acquisition of Sponsor-Developed Logistics, Office, and Retail Assets
    • Sponsor Participation in Leasing and Operations to Enhance Asset Value and Dividends
    • Establishing a Virtuous Cycle:
      AUM Growth → Credit Rating Improvement → Lower Funding Costs → DPS Growth
    • Establishing a Virtuous Cycle between the Sponsor and the REIT
      (Development → Completion → Stabilization → Asset Management & Operations → Major Refurbishment → Redevelopment)
    • Yongsan Najin Commercial Complex
    • Sinjeong-dong Urban Advanced Logistics
Value Creation through Sponsor Collaboration

Seobu T&D operates Seoul’s largest hotel complex (1,700 rooms) and is recognized for its strong operational expertise.
Through collaboration with the sponsor, the REIT continues to acquire high-quality third-party hotel assets to enhance asset value.
Leveraging strong market positioning to acquire high-quality hotel assets.

  • 2023

    Ninetree Hotel Dongdaemun

  • 2024

    Gwanghwamun G Tower

  • 2025

    Shilla Stay Mapo
A Lease Structure that Secures Stability and Growth

The REIT’s assets are leased to high-quality tenants, including Seobu T&D, Hotel Shilla, and Parnas Hotel.
Ensuring stable dividends through long-term master leases, fixed rents, and MRG.
Driving earnings growth through revenue-linked and CPI-indexed rent structures.

  • Long-Term Master Lease
    Stable Cash Flows through
    Long-Term Master Leases
  • Fixed Rent & MRG
    Fixed rent: Square 1
    Minimum Revenue Guarantees (MRG) across All Hotel Assets
  • Turnover-Based Rent
    Capturing upside beyond MRG through revenue-linked rent structures
    (applied across all hotel assets)
  • Rent Escalation Structure
    CPI-Indexed and Performance-Linked

    Rent Escalation Structures

    Fixed rent: Square 1
    MRG: Grand Mercure Ambassador Yongsan, Shilla Stay Mapo