Members of CMSA-Japan have approved a name change for the organization, which will now be known as Commercial Real Estate Finance Council-Japan. The change aligns it with the North American and European associations, which also changed their names this year.
CRE Finance Council-Japan is led by Co-Chairs Tokio Ueyama of Deutsche Bank AG and Atsuo Akai of Morgan Stanley MUFG.
CRE Finance Council’s global organization, with a presence in Europe, Japan, and North America, was established to help drive a “vibrant, transparent and accessible” commercial real estate finance market. Its members include commercial real estate finance securities investors, issuers, lenders and servicers as well as those companies that support these market constituencies.
"Our Japan organization is enormously pleased to join Commercial Real Estate Finance Council in name and expanded direction as we continue to forge ahead to bring best practices and transparency to the global marketplace," Akai said . "Working together with regulators and other market participants, CRE Finance Council-Japan is active in its work to ensure that the government understand Japanese CMBS as an useful tool to provide sustainable long-term financing to support economic growth."
"In North America, Europe and now Japan, our Members reflect the many constituencies within commercial real estate finance and our name change is a natural progression as our market grows and matures.," said Dottie Cunningham, CEO of the global CRE Finance Council organization. "On behalf of our entire global membership we are delighted that the members in Japan have approved the name change to Commercial Real Estate Finance Council Japan."