Davis Polk advised the joint global coordinators and the other 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 477,500 units in the global offering for aggregate proceeds of approximately ¥21.1 billion (approximately $191.1 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 residential properties and hotels, including limited service hotels as well as select full service hotels and resort hotels located primarily in popular tourist destinations inside Japan. With the proceeds from this transaction, Invincible Investment Corporation intends to invest in a resort hotel located in the Cayman Islands marking its first investment outside of Japan.

The Davis Polk corporate team included partner Jon Gray, associates Mari Foster and Shinya Fujiwara and summer law clerk Keisuke Takacho. All members of the Davis Polk team are based in the Tokyo office.

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