Company Overview

busy-street-at-night1UI was founded by Joshua Olsan in November 2008 to provide investors an opportunity to become capital partners with us to take advantage of the attractive investment opportunities available in the Japan logistics real estate sector. Josh has been actively involved in Japanese real estate and business for over 24 years and was an instrumental part of developing the ProLogis, AMB BlackPine in Japan and New City Corporation logistic businesses in Japan and China. In January 2012 Ross Antoci joined Unified as a principal and partner to Josh to broaden the scope of the asset and investment focus for our capital partners.

Josh and Ross, along with its key senior team members, have over 50 years combined of real estate management, financing and investment experience. The team have managed real estate investments and related financings for clients in Japan and China for a range of institutional, corporate and high net worth investors.

Our Mission

UI’s investment philosophy and mission is one of “focus”. That focus is:

  • Location
    • Key submarkets within Japan and China
    • Site specific with access to transport nodes and population markets
  • Facility specifications
    • Invest or built to international institutional quality
    • Detailed technical considerations – from floor loading, column spans, ceiling heights, ingress and egress points, traffic flows, parking, to green areas and related social and environmental issues
  • Tenant needs
    • Is there latent or inherent demand for the investment or development
  • Capital Partners’ investment and returns

We are truly focused on the specific investment and development opportunities we present to our capital partners and we are not concerned or driven by growing assets under management, we do not have an asset under management target

Investment & Management Strengths

Unique competitive advantages and strengths of the UI platform are

  • Non-Captive; Capital Partner-Oriented
    • One of the few dedicated third party logistics platforms which sources, develops, leases and asset manages assets for third party capital partners on an exclusive basis as opposed to being captive to a fund
  • Experienced Team
    • Team experienced in all levels of service delivery capability due to vast local experience, long term business relationships and in-house leasing capabilities
  • Established Industry Relationships
    • Depth of market relationships due to the fact that team members are largely comprised of industrial leasing and business development specialists
  • Best Practices
    • Understanding and implementation of international “Best Practices” standards due to extensive experience with large multi-national institutional investors and 3rd partly logistics providers
  • Localized
    • Ability to navigate through local and unique issues due to knowledge and in depth experience in local practices, technical requirements and regulations



Joshua Olsan

Founder and Principal

Ross Antoci


Jeremy Chapman

Managing Director UI China


Burton H. Fohrman, Senior Advisor

Mr. Fohrman is an attorney and business advisor for companies engaged in real estate and international transactions. Mr. Fohrman has represented many major US and foreign corporations on real estate and business transactions throughout the US, Europe and Asia. Mr. Fohrman was a partner in two of the world’s largest law firms; Jones Day where he was the chair of the general real estate section on a world-wide basis and resident in London. Subsequently he became a partner in White & Case and practiced in Tokyo. Mr. Fohrman advised many Japanese, American, Chinese and European Companies on commercial real estate investments in Japan and handled many major acquisitions, financings, securitizations and complex transactional issues related to Japanese real estate and business. In Japan Mr. Fohrman was licensed to practice law as a foreign lawyer (gaikokuho jimu bengoshi).

Mr. Fohrman retired in 2003 and returned to his ranch in Sonoma County. Mr. Fohrman currently is special counsel and advisor to several public companies and has provided consulting services to companies in Japan following his retirement.

Mr. Fohrman is the former chair of the Real Property Section of the California Bar Association, the founder and first editor of the California Real Property Journal (published by the California State Bar), former chair of the Real Property Finance Section of the Los Angeles County Bar Association. Mr. Fohrman was the editor in chief of the International Law Journal (published by the California State Bar). He is a member of the American College of Real Estate Lawyers and has lectured on legal and international topics at Universities, Bar Associations and public forums. Mr. Fohrman is also known for his agricultural endeavors and recently won the top honors at the world’s largest extra virgin olive oil competition for his Sonoma County estate grown olive oil.

Dr. Stephen Fisher, Senior Advisor

Dr. Fisher is the Senior Vice President of Development for E&G Engineering and Construction (Dalian) Co., Ltd. He has held this position for the past 7 years and has been active in working exclusively with foreign owned (WOFE) and JV clients in facilitating and bringing to successful completion many industrial design and construction projects throughout China. Concurrently he is the Managing Partner of the Shanghai Satinwood Business Consulting Co. He has been a Senior Analyst for the Dalian Bureau of Science and Technology and a Senior Advisor to the Dalian Business Incubator Association. He served as the Senior International Business Adviser to the faculty at the School of Management, Dalian University of Technology, and was an Adjunct Professor in the MBA program. He is an active member of the Board of the American Chamber of Commerce, North China.

Dr. Fisher has been conducting business in China for the past twenty years, and has significant experience working with WOFE’s, JV’s, Chinese private and State owned business, as well as, Chinese government agencies at a the Local, Provincial, and Central Government levels. His initial foray into China in the early 90’s was to open supply chains, qualify manufactures, and establish manufacturing operations for several private and publicly held U.S. companies where he held the positions of COO and CEO. Dr. Fisher received his PhD in Engineering Science from the Virginia Polytechnic Institute, where he was an INCRA fellow, and his MBA and MS in Engineering from Carnegie-Mellon University.


Norihiko Honda, CEO, UIG Asset Management

Mr. Honda is the founder/president of UIG Asset Management. Before founding UIG AM, Mr. Honda was in the real estate development group at Itochu Corporation where he was in charge of developments exceeding JPY 60 billion. Projects included 12 residential condominium developments with a total investment value of over JPY 20 billion, and six large scale outlet malls with a total investment amount of JPY40 billion covering a net rentable area of over 100,000 sqm, including the Gotenba and Tosu Premium Outlets, which were co-developed with Chelsea Japan Co., Ltd.

Toshiyuki Onuma, Senior Manager

Mr. Onuma is responsible for investment origination and industrial property services and has over 19 years of experience in the Japanese logistics sector. Prior to joining the UI in 2009, Mr. Onuma held similar positions at New City Corporation, J-REP, and the Zenitaka Corporation, where he specialized in the leasing of large-scale logistics facilities and business development.

Fumiyasu Shinozaki, Senior Manager, UIG Asset Management

Mr. Shinozaki is responsible for investment management division and joined UIG AM in July 2013. He has over 10 years of asset management experience across a range of asset classes, including logistics, residential, office buildings, hotels and retail properties, and for a total value in excess of JPY80 billion. Prior to joining UIG AM, Mr. Shinozaki held senior positions at Creed Corporation and First Brothers Co., and also has over five years real estate brokerage experience gained at Ken Corporation.

Masami Koizumi, Project Manager

Mr. Koizumi is responsible for project management of development and renovation works. Mr. Koizumi has 34 year’s experience in design and construction related management, 22 years of which were gained at Zenitaka Corporation. Mr. Koizumi has worked with UI team members since 2006 and was responsible for overseeing the Iwatsuki development, and the renovation of the Funabashi, Yokohama and Miyoshi Projects. He was also responsible for oversight and management of Kajima Corporation in the construction of the Yokohama Logistics Park Building Phase I, Paint House, Tama and The Tokyo Cervantes Institute renovation project.

Michael Ling, Director, UI China

Michael Ling has over 20 years experience in engineering and project management in the China commercial real estate industry with experience in industrial, logistics, residential and commercial development projects. More recently Mr. Ling was a Senior Technical Manager at IDI Gazeley, which is part of Brookfield Asset Management, one of the world’s largest third party asset management and property investment companies. During his time at Gazeley, Mr. Ling project managed over 300,000 m2 of logistics and industrial developments over eight projects for clients such as Wal-Mart, Tesco, Daimler and Addidas. Prior to that he was a technical manager at GSE, a French multinational EPC engineering company for over ten years where he was involve in seven industrial/logistics projects. Mr. Ling was also at Shanghai ZhenHuan Industrial General Co., Ltd, a state owned company.

Mr. Ling holds a Bachelor Degree in Specialty of Architecture and Civil Engineering from Harbin Engineering University. Mr. Ling is fluent in English.

Richard Shan, Director, UI China

Richard Shan has over 18 years experience in the real estate market in both China’s state-owned and commercial real estate industry with experience in industrial manufacturing, logistics, residential and commercial development projects. More recently Mr. Shan was the Director at E-Shang Redwood Group, where he was involved in the sourcing and development of over 520,000 m2 of logistics and industrial land for the development of 440,000m2 across four projects in Shanghai, Kunshan, Ningbo and Suzhou. Prior to that he was a General Manager, Industrial Real Estate at INESA Group, Shanghai, a state owned manufacturing enterprise, where he was responsible for the repositioning and redevelopment of the group’s over 2 million square meter older industrial sites around Shanghai and nationally. Mr. Shan also worked for 9 years as a broker at CBRE and JLL, with his last potion as head of the Industrial Services Department and JLL for East China.

Mr. Shan holds a Bachelor Degree in Economics from Shanghai University of Economics and Finance. Mr. Shan is fluent is in English, Shanghainese and Mandarin.

Ms. Lin Yan, Senior Manager Operations, UI China

Ms. Yan has over eight years work experience abroad and in China in finance and operation roles, having previously held the position of Finance Manager at ESKO – Greater China branch, one of the MNC’s involved in graphics software and printing machinery held by Danaher Holding Group. Ms. Yan was actively involved in operations of the Greater China business, and acted like a business partner responsible for the overall finance functions, including financial analysis, taxation, budgeting and management reporting.

Ms. Yan holds a Masters of Finance and a Bachelor of International Economics and Business from the University of Groningen, the Netherlands, and a Bachelor of Finance from the University of Fudan, China. Ms. Yan is fluent in written and spoken English.

Ms. Zoe Zhuang, Manager Operations – Legal, UI China

Zoe Zhuang, who holds a PRC Lawyer Practice License, has over six years’ experience in China working as a legal associate in two Shanghai based law firms, most recently with Kingall Law Office.

Ms. Zhuang was actively involved in the securities markets, corporation affairs and state-owned legal service including advising and acting for private funds management companies; listed companies with regard to securities markets; listed companies with regard to National Equities Exchange and Quotations; trading and transaction of state-owned property; bond issuance; merger and acquisition; and, day-to-day legal affairs of corporation and corporation litigation.

Ms. Zhuang holds a Bachelor of Law from the Shanghai International Studies University and is a Candidate of Master Program in Lund University, Sweden. Ms. Zhuang is fluent in written and spoken English.

Ms. Charine Zhong, Manager Operations – Finance, UI China

Charine Zhong has over nine years’ experience working in finance related roles in China and abroad, most recently with Vanke Logistics Property in Shenzhen and Shanghai. Ms. Zhong was actively involved in the logistics sector in China including coordinating all finance and related matters for over 55 logistics facilities with a combined NRA exceeding 4 million m2. She also was responsible for leading the financial and property related due diligence on over 50 projects including coordination of third party service providers, as well as all deal closing related matters on over 35 projects. Other duties included oversight of monthly operating performance and other key indicators for the Vanke portfolio, and dealing with sourcing of financial institutions and investors.

Ms. Zhong holds a Bachelor of Economics, School of Finance and Bachelor of Arts, Department of Foreign Languages from Shanghai University of Finance & Economics. Ms. Zhong is fluent in written and spoken English.