Daiwa House Logistics Trust ("the REIT" or "DHLT") recently lodged its preliminary prospectus on OPERA. You can download the prospectus here. As part of the offering to institutional investors, the Company also released management slides on NetRoadShow. It is a pity they did not publicise this link, I would view it as "not the same level playing field" and urge the authorities to allow such materials to be released concurrently to the public as well. I will do a more detailed review when the public offering starts but for the benefit of readers who want to take the placement tranche, here are my initial thoughts and I quite like the IPO for the following reasons: Reputable Sponsor with strong pipeline - Daiwa is a well established real estate conglomerate listed on Tokyo Stock Exchange with extensive experience in this sector. The Sponsor has a strong pipeline of assets in...