Our leadership team

The management and key professionals of Tokyo Trust Capital have extensive cross border real estate experience at investment banks, private equity funds, financial institutions, developers, and construction companies. All have worked in both Japanese and western institutions. All of the team members have worked together at prior positions with some having worked together for more than a decade.

Image by Paul Fiedler

Chief Executive Officer

Minoru Machida

Prior to joining Tokyo Trust Capital, Mr. Machida was Managing Director and Representative in Japan for Aetos Japan, LLC. from 2001 to 2005, and again from early 2014 to April of 2016. Mr. Machida lead the start up of Aetos Japan in 2001 and as co-head of Aetos Japan made a key contribution to Aetos’s initial fund. Responsible for making sourcing and investment recommendations to the Aetos funds, he led efforts in the sourcing of many large acquisitions including that of Matsushita Kosan Corporation, one of the largest real estate M&A deals in Japan at that time. During the interim years 2005-2013, Mr. Machida worked in various senior roles within the Japanese and Asian real estate markets, GE Commercial Finance where he pioneered GE’s first real estate deals in India and China, and Warburg Pincus where he was head of Japan for both Corporate PE and Real Estate. Prior to joining Aetos Japan in 2001, Mr. Machida was an Executive Vice President of Lone Star Japan Acquisitions, LLC, where he was responsible for a deal origination team which sourced and executed nearly 100 transactions totaling more $1.5 billion in equity investments including the acquisition of Tokyo Sowa Bank which became the Tokyo Star Bank. Earlier in his career, Mr. Machida spent 13 years with Shimizu Corporation, one of the largest construction and development companies in Japan, where he worked on overseas real estate development projects in the international business division and in the corporate strategy departments. His tenure at Shimizu includes four years of overseas assignments in Malaysia and the United States. Mr. Machida received a Bachelor of Arts in Sociology from Rikkyo University and his MBA from the University of North Carolina at Chapel Hill.

Yuji Tomoda

Mr. Tomoda started his career at Mitsui Trust & Banking (now the Sumitomo Mitsui Trust Bank) where he worked on real estate lending in the New York Branch Office and lead the start up of non-recourse lending business of Japanese real estate in the Tokyo Head Office. He was also selected as a specialist in overseas business and spent a year in France on company scholarship. After Mitsui, he worked in various senior roles at GMAC Commercial Mortgage (Japan), Unified Partners under Nomura Holdings and Ishin Hotels Group under Grove International where he was in charge of loan origination, CMBS, acquisition and asset management. Prior to joining TTC he was a Director in the Acquisition Group at Aetos Japan LLC where he worked on both inbound and outbound strategies. Mr. Tomoda is a graduate of Keio University, a licensed Real Estate Broker in Japan and US-CPA (Washington State).

Managing Director

Image by Matthew Henry


Takashi Hirami

Mr. Hirami started his career at the subsidiary of Nippon Steel & Sumitomo Metal, where he worked in accounting division. After he obtained the license of Certified Real Estate Appraiser, he worked in real estate appraisal firm for 5 years. Prior to joining TTC, he was a Director in Portfolio and Asset Management Group at Aetos Japan LLC, where he worked on various Real Estate Marketing/DD and contributed to several successful deals. Mr. Hirami is a graduate of Hosei University, a Certified Real Estate Appraiser.


Jin Iwai

Jin Iwai started his career as an auditing professional at the Asahi Auditing Firm. He moved to Goldman Sachs to expand his expertise to real estate asset management and control/financing of real estate assets.  After seven years with the Goldman Sachs, he moved to State Street Global Markets Securities where he also worked on the management of real estate investment portfolios. More recently he was general manager in charge of finance and accounting at AMP Capital. Immediately prior to joining TTC, he was with McKinsey Company in Japan. Jin is a graduate of Waseda University and is a licensed CPA in Japan.

Image by Paul Fiedler


Kaori Furuta

Ms. Furuta joined TTC from Aozora Bank where she was a Senior Vice President in charge managing the bank’s real estate loan portfolio in North America, UK and Australia. The portfolio spanned all asset types including office, retail, hotel, residential and she managed a team which monitored and reported on loan and asset performance focusing on both the asset and market levels.  Prior to Aozora Bank, she handled professional roles in asset management at LaSalle Investment Management, real estate non-recourse loan origination at Shinsei Bank and loan recovery control functions at Goldman Sachs Realty.  Earlier in her career she worked at Singapore Development Bank and Cathay Pacific Airlines.  Ms. Furuta is a graduate of Aoyama Gakuin Womens University.

Board Member

Nobuyuki Endo

After an initial career in banking at Fuji Bank (what is now Mizuho Bank) where he was in senior management positions, Mr. Endo joined what is now the Mori Trust Group and worked in senior executive positions in the hotel business segment, managing Hotel Laforet Tokyo, Grand Intercontinental Yokohama among others. He became Managing Director of Mori Trust and also the CEO of Mori Trust Hotel Asset Management. After retiring from active senior positions Mr. Endo now serves as a senior advisor to Mori Trust Co., Ltd. Mr. Endo is a graduate of Keio University where he majored in Economics.