Japan-US Business Report Logo

No. 352, January 1999

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American Companies in Japan


CONSTRUCTION AND REAL ESTATE

Construction has started of the first assisted-living facility built by SANYO EMERITUS CORP., a partnership formed last spring between EMERITUS CORP. of Seattle, an integrated senior housing services company, and SANYO ELECTRIC CO., LTD. (see Japan-U.S. Business Report No. 342, March 1998, p. 14). The 116-unit complex is located in Kurashiki, Okayama prefecture. Expected to open in December 1999, it will provide residents with meals, activities and help with dressing and other everyday events. What sets the facility apart from the few other true assisted-living operations in Japan is that the apartments will be rented on a month-to-month basis. The monthly fee will range from $2,100 to $3,200, depending on the size of the apartment selected. An OBAYASHI CORP. affiliate is the prime contractor.

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