1988 Dec. | Establishment of the Study Council for Real Estate Securitization, the predecessor of the Council for Real Estate Syndication; membership made up of six companies (real estate etc.), the Ministry of Construction Economic Affairs Bureau, and the Housing Research & Advancement Foundation of Japan. |
1990 Sep. | Council for Real Estate Syndication (CRES) established. |
1995 Mar. | Adoption of standard contract for real estate syndication. |
1997 Aug. | Publication of "Advice on Japanese-style Real Estate Investment Funds in the Asset Management Era". |
2001 Apr. | Establishment of "Complaint Consultation Center". |
2002 Dec. | Council for Real Estate Syndication(CRES) dissolved and the Association for Real Estate Securitization(ARES) established as an incorporated association. |
2003 Apr. | Creation of Voluntary Standards of Counduct for members. |
2006 Apr. | ARES Certified Masters qualification system launched. |
2011 Apr. | Transition to the general incorporated association. |
2012 Nov. | Establishment of a framework for networking with institutional investors. |
2018 May | Reform of the membership system. |