Lumitas Capital Partners partners with global investors, family offices, and strategic capital to access differentiated real estate opportunities in Japan.
We originate, structure, and execute investments across development, acquisition, and value-add strategies, with a strong focus on long-term demand drivers and institutional exit outcomes.
A FOCUSD INVESTMENT AND DEVELOPMENT PLATFORM FOR
STRATEGIC REAL ESTATE OPPORTUNITIES IN JAPAN
Japan remains one of the world’s most liquid and institutionally investable real estate markets, yet many of its most attractive opportunities remain difficult for foreign capital to access and execute.
Lumitas was built to bridge that gap.
We combine:
Our role is not simply to source assets.
Our role is to help capital enter Japan through the right structure, with the right local capability, and with a clear path to value creation and exit.
Hospitality, long-stay residential, and supporting real estate located in supply-constrained markets benefiting from semiconductor-related industrial expansion.
Assets where repositioning, branding, and operational improvement can unlock stronger cash flow and improved exit value.
Projects that can serve as anchor assets for scalable thematic platforms in Japan.
Kumamoto is rapidly emerging as a key semiconductor hub in Japan, driven by TSMC and the broader supply chain ecosystem.
This creates a new category of real estate demand
This is not a tourism-driven opportunity
— it is a structural demand shift.
A hybrid hospitality and Hotel residence development located near TSMC’s Kumamoto operations
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Designed to recover a significant portion of equity while retaining a core hospitality asset for exit
Lumitas is building a scalable real estate investment platform in Japan, spanning development, acquisition, and value-add strategies.
Kumamoto represents the first anchor asset of a broader Japan-focused investment platform.
Daphne Hsiao is the Founder and CEO of Lumitas Capital Partners, leading the firm’s investment strategy, capital formation, and cross-border execution.
She is a seasoned real estate professional with extensive experience across the full asset lifecycle, including development, leasing, and operational management. Her background spans commercial real estate, F&B, and retail sectors across Greater China, the United States, and international markets.
Daphne has been actively involved in project origination, development execution, tenant strategy, and operational management, with a strong understanding of how to position and operate assets to meet market demand.
At Lumitas, she focuses on structuring cross-border investments and bridging global capital into Japan’s real estate market, particularly in sectors driven by long-term structural demand.
Focus:
Capital strategy / Investor relations / Cross-border investment (Greater China & US)
Daker Tsoi is the Founder of Lifestyle Creating Shanghai, with over 35 years of experience in commercial real estate development, asset repositioning, and lifestyle-driven mixed-use projects.
He has been involved in landmark developments such as Shanghai Xintiandi and Bridge 8 Creative Industry Park, and has worked with leading international investment institutions and developers.
His expertise spans concept development, product positioning, branding, and operational strategy, with a strong track record in transforming underutilized assets into high-value commercial destinations.
At Lumitas, he supports strategic positioning, product definition, and value creation initiatives, particularly in projects requiring strong branding and placemaking capabilities.
Focus:
Positioning / Branding / Value creation
Steven Kwok brings over 30 years of leadership experience across commercial real estate, retail platforms, and asset management in Greater China and Asia.
He has held senior roles including Managing Director of MorningHaze, Group Director at Space Asset Management, and Chief Representative for Strategic Development at Peking University. He has also served as President of U-Town Life Plaza, overseeing leasing, operations, and financial performance.
His project experience includes large-scale commercial developments such as Beijing Dashilan, Beijing E-Commerce Valley, Chongqing HOTMALL, and Harbin Central Street, where he contributed to asset positioning, leasing strategy, and operational performance.
In addition, he has held senior roles in international retail groups including Nice Claup, Point Inc., and Sanei International, as well as managing luxury and multi-brand portfolios at SOGO Hong Kong.
At Lumitas, Steven leads investment strategy, and asset-level value creation, supporting both development and value-add investment strategies.
Focus:
Investment strategy / Asset repositioning / Commercial operations
Jack Yang has over 30 years of international experience in real estate development and investment across Taiwan, Hong Kong, Mainland China, Japan, and Southeast Asia.
He has participated in projects across multiple markets including Taiwan, Hong Kong, Shanghai, Zhengzhou, the Philippines, and Japan, with involvement spanning acquisition, development, project integration, and asset management.
As Managing Director of Long Run Estate & Investment Group, he oversees real estate investment activities across Greater China and Southeast Asia, with projects also extending to the U.S. and Canada. He also serves as a Board Director of H Hospitality Group in the Philippines, overseeing resort and hospitality operations, and BW Real Estate Group, managing residential developments in Metro Manila.
He is recognized for his ability to identify core assets, integrate resources, and execute projects efficiently across different markets.
At Lumitas, he provides strategic guidance on asset selection, development planning, and value enhancement.
Focus:
Asset selection / Development strategy / Value enhancement
Yushen Chiao is a senior real estate executive with over 20 years of experience in commercial property, urban development, and investment strategy.
As a former Managing Director of JLL West China, he led operations across key cities including Xi’an, Chengdu, and Chongqing, overseeing major mixed-use developments, retail assets, and investment advisory projects for institutional clients.
He has advised governments, developers, and Fortune 500 companies on large-scale urban development, investment strategy, and market positioning.
At Lumitas, he contributes strategic insight into urban growth trends, market positioning, and cross-border investment strategies.
Focus:
Market strategy / Urban development / Cross-border investment
Our team combines full-cycle development experience, cross-border capital capability, and local execution expertise in Japan.