07:07 AM EDT, 04/04/2025 (MT Newswires) -- Morgan Stanley ( MS ) aims to raise approximately 100 billion Japanese yen ($688.3 million) for a real estate fund focused on Japan, Reuters reported Friday, citing two people familiar with the matter.

The investment vehicle will focus on offices and multi-family residential buildings in major Japanese cities, as well as logistics and hotels, one of the sources told the news agency.

The fund is due to close in June, according to the report.

Morgan Stanley ( MS ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)