SYLA Technologies is a Japanese prop-tech company focused on developing and selling investment-grade condominiums in the Tokyo metropolitan area, primarily targeting individual investors. SYLA builds condominiums under its "SYFORME" brand in Tokyo's 23 wards, Yokohama, and Kawasaki, handling planning, design, and construction in-house rather than outsourcing, which SYLA argues reduces costs versus peers. Completed buildings are sold in lump-sum transactions to individual investors and, increasingly, to institutional buyers — BlackRock's real estate private fund is a notable customer. Revenue is recognized at delivery, making financial results lumpy and dependent on the number and timing of project completions in any given year. Alongside its core development business, SYLA runs Rimawari-kun, a real estate crowdfunding platform with 280,000+ registered members that allows retail investors to invest in real estate with as little as ¥10,000. The platform generates minimal direct revenue but serves as a low-cost marketing channel for SYLA's apartment sales. Real estate development and sales accounts for roughly 88% of revenue, with the remainder split across asset management (rental income and property management for ~3,500 units), a renewable energy segment selling solar power plants as investment products, and a small data center business. SYLA's growth strategy centers on expanding its Tokyo development pipeline, deepening its institutional relationship with BlackRock, and growing the Rimawari-kun member base as a proprietary customer acquisition channel.