Media Resouces
Mapletree Acquires Oakwood Worldwide to Accelerate its Corporate Housing and Serviced Apartment Expansion Globally
17 Feb 2017
  • Former Oakwood Worldwide executive Christopher Ahearn named Chief Executive Officer
  • Mapletree intends to step up acquisition and development of this asset class, building on the portfolio of more than 50 Oakwood-branded properties globally

Mr. Howard Ruby (left), Chairman Emeritus of Oakwood Worldwide, and Mr. Chua Tiow Chye (right), Group Chief Investment Officer and Regional Chief Executive Officer, North Asia & New Markets of Mapletree Investments, at the signing ceremony to mark the start of a new chapter for Oakwood Worldwide under Mapletree ownership

LOS ANGELES (FEBRUARY 16, 2017) AND SINGAPORE (FEBRUARY 17, 2017) – Mapletree Investments Pte Ltd (“Mapletree” or “the Group”), a leading real estate development, investment and capital management company, is pleased to announce that it has acquired Oakwood Worldwide (“Oakwood”), a premier global provider of corporate housing and serviced apartment solutions. The acquisition covers all of Oakwood’s global operations.

Mapletree also wishes to announce the appointment of Mr. Christopher Ahearn as Oakwood’s Chief Executive Officer (“CEO”) with immediate effect (please refer to the Annex for Mr. Ahearn’s biography). Oakwood’s Founder and Chairman Mr. Howard Ruby will assume the non-executive role of Chairman Emeritus at Oakwood, where he will serve in an advisory role to Oakwood on the corporate housing business.

Mapletree’s acquisition of Oakwood is part of its long-term strategy to strengthen its corporate housing and serviced apartment business. Currently, all of Mapletree’s nine corporate housing and serviced apartment assets in the United States (“US”) and Australia are managed under the Oakwood brand as part of a collaboration signed in 2014. The collaboration also saw Mapletree acquire a 49 percent stake in Oakwood’s Asia Pacific operating arm, Oakwood Asia Pacific.

Said Mr. Hiew Yoon Khong, Mapletree’s Group Chief Executive Officer: “This acquisition is strategic and commercially significant to Mapletree. Our full ownership of Oakwood will allow us to enhance efficiencies and the growth momentum of our corporate housing and serviced apartment business. In addition, Oakwood is a reputable global brand and we intend to continue strengthening its presence.

“Furthermore, Mapletree intends to step up the acquisition and development of corporate housing and serviced apartment assets that will add to our earnings streams and expand housing options available to Oakwood’s clients and guests. We will be looking at markets across the US, Europe and Asia Pacific, which are also regions where Oakwood is a well-regarded brand.”

Said Mr. Howard Ruby, Chairman Emeritus of Oakwood: “It has been my very special privilege to lead this organization for 57 years. It gives me great pleasure to know that the company, the associates and our clients will be in good hands with Mapletree and CEO Christopher Ahearn at the helm. We have learned through our collaboration that Mapletree shares our key vision of growing and expanding the Oakwood brand globally and maintaining the high customer service standards for which we are known. Both companies have worked well together since 2014, and I am confident that will continue. I am very excited about the future of Oakwood as we embark on this new journey with Mapletree as the company’s new owner.”

Mr. Ahearn, as Oakwood’s new CEO, will draw from his vast experience in growing and improving the operating performance of companies, which he gained while serving as Senior Advisor to TPG Capital. He will also capitalise on the industry knowledge he acquired while serving as Oakwood’s Senior Vice President of Sales and Marketing from 2005 to 2010.

Said Mr. Ahearn, CEO of Oakwood: “I am delighted to be returning to Oakwood as the new CEO. Howard is a pioneer in this industry and I am honoured to have been entrusted to carry forth his legacy and lead the company into this new chapter under Mapletree’s ownership. I look forward to working with our associates, the heart of our organization, to align and evolve Oakwood’s global capabilities and innovative offerings in order to better meet the ever-changing needs of our clients and guests. We are committed to a seamless transition of ownership with minimal disruption to Oakwood’s operations.”

Oakwood is the largest provider of corporate housing and serviced apartments globally with a presence in more than 95 countries. The company serves more than 80 percent of Fortune 500 companies, and works with the 10 largest US relocation companies. In addition to a vast supply chain inventory, Oakwood manages a portfolio of more than 50 branded properties globally.   

In addition to the nine Mapletree properties operated by Oakwood (US and Australia), Mapletree is currently developing three serviced apartment properties in Japan and Vietnam as well as one other asset under development in the US, which will be managed by Oakwood Worldwide upon completion.

Oakwood Portland Pearl District is one of the eight operational serviced apartments owned by Mapletree and managed by Oakwood in the US 



Christine TEH
Senior Manager
Corporate Communications
Mapletree Investments Pte Ltd
Direct: +65 6377 4608  
Mobile: +65 9368 5684

Grace LEE
Assistant Manager
Corporate Communications
Mapletree Investments Pte Ltd
Direct: +65 6377 6218
Mobile: +65 9750 6482

Global Communications
Oakwood Worldwide
Direct: +1 310 444 2552   
Mobile: +1 310 987 2233                                     


Mapletree is a leading real estate development, investment and capital management company headquartered in Singapore. Its strategic focus is to invest in markets and real estate sectors with good growth potential. By combining its key strengths as a developer, an investor and a capital manager, the Group has established a track record of award-winning projects, and delivers consistent and high returns across real estate asset classes.

Mapletree currently manages four Singapore-listed real estate investment trusts (REITs) and five private equity real estate funds, which hold a diverse portfolio of assets in Singapore and Asia Pacific.

As at 31 December 2016, Mapletree owns and manages S$38.6 billion (~US$26.6 billion) of office, retail, logistics, industrial, residential, corporate housing and serviced apartment, and student housing properties.

The Group’s assets are located across 12 economies globally, namely Singapore, Australia, China, Germany, Hong Kong SAR, India, Japan, Malaysia, South Korea, the United Kingdom (UK), the United States (US) and Vietnam. To support its global operations, Mapletree has established an extensive network of offices in Singapore, Australia, China, Hong Kong SAR, India, Japan, Malaysia, South Korea, the UK, the US and Vietnam.

In the US, Mapletree currently owns a portfolio of seven student accommodation assets located across six states, and eight Oakwood-branded corporate housing properties with more than 1,200 units. The corporate housing properties are situated in Silicon Valley, Raleigh, Los Angeles, Portland, Dallas and Seattle.   

For more information, please visit


Oakwood Worldwide® is the premier provider of corporate housing and serviced apartment solutions through its well-known brands, Oakwood®, ExecuStay® and Insurance Housing Solutions™. With a presence in all 50 United States and more than 95 countries, the award- winning company provides move-in-ready furnished accommodations to meet the needs of global organizations, individual business travelers, insurance clients and leisure travelers alike. Oakwood Worldwide was founded in and continues to base its corporate headquarters in Los Angeles and operates regional headquarters in London, Phoenix and Singapore. For more information, please visit


Mr. Christopher Ahearn, Chief Executive Officer, Oakwood Worldwide

Mr. Christopher Ahearn has more than 26 years of experience in the areas of consultancy, sales, marketing and operations across a broad range of industry sectors.

In his last appointment, Mr. Ahearn was Senior Advisor for TPG Capital and worked on a variety of projects spanning multiple industry sectors to improve the operating performance of companies acquired by TPG Capital.

Prior to that, Mr. Ahearn was Senior Vice President of Sales and Marketing for Oakwood Worldwide from 2005 to 2010. Mr. Ahearn has also held executive roles with FedEx Office, NowDocs and RR Donnelley, and worked with corporate boards and partnered with senior executive peers to drive initiatives that delivered improved business performance.

Mr. Ahearn holds a bachelor’s degree in Marketing from California State University, San Bernardino, the US.

MAPLETREEは企業用住宅とサービスアパートメント事業のグローバル展開のためOAKWOOD WORLDWIDEを買収
  • Oakwood Worldwideの元エグゼクティブChristopher Ahearnが最高経営責任者に就任
  • Mapletreeは当アセットクラスの開発及び既存物件の取得を進め、グローバルで50以上のOakwoodの物件からなるポートフォリオを組成

不動産デベロッパー、投資会社、資産運用会社であるMapletree Investments Pte Ltd (以下“Mapletree”)は、企業用住宅とサービスアパートメント事業で世界的に展開しているOakwood Worldwide (以下“Oakwood”)を買収したことをお知らせ致します。今回の買収はOakwoodのグローバルでの全運営を含むものです。

また、Christopher Ahearn氏をOakwoodの最高経営責任者(以下“CEO”)に任命したことをご報告致します(Ahearn氏に関しましては末尾の付録をご参照下さい)。Oakwoodの創業者兼会長であるHoward Ruby氏はOakwoodの非常勤の名誉会長に就任し、顧問として企業用住宅事業に携わります。

Oakwoodの買収は、企業用住宅とサービスアパートメント事業の強化という当社の長期的な戦略の一環です。現在、米国とオーストラリアで当社が保有する9つの企業用住宅とサービスアパートメントは、2014年のOakwood社との提携以来Oakwoodブランドの下で運営されています。この提携により当社は、Oakwooodのアジア太平洋部門であるOakwood Asia Pacificの49%の株式を取得しました。

当社のグループ最高経営責任者のHiew Yoon Khongは、今回の買収は戦略的かつ商業的に重要なものであり、Oakwoodの100%オーナーとなることにより、企業用住宅とサービスアパートメント事業の効率化と成長をさらに加速できると考えております。加えて、Oakwoodは世界的に定評があり、そのプレゼンスを今後も高めてまいります。


Oakwoodの名誉会長のHoward Ruby氏はこのように言っています。「55年以上もの間、Oakwoodを率いることができたのは大変光栄なことです。会社、スタッフそしてクライアントの皆様を安心して、MapletreeとCEOのChristopher Ahearn氏の指揮下に任せられることを、大変喜ばしく思います。Mapletreeとの提携により、Mapletreeは我々の大切なビジョン、つまり、世界的にOakwoodブランドを拡げ、定評頂いている質の高いサービスを提供し続けるというビジョンを共有できる会社だと分かりました。2014年以来我々は共に取り組んでまいりましたが、今後もそれが継続すると確信しています。Mapletreeを新たなオーナーとして迎え、共に進んでいく未来を大変楽しみにしています」。

OakwoodのCEOとして新たに任命されたAhearn氏は、TPG Capital社の上席顧問時代の経験を生かし、業績の改善や成長を進めていきます。同氏はまた、2005年から2010年までOakwoodのセールス・マーケティング部門のシニア・ヴァイスプレジデントとして勤務しており、そこから得た業界の知識も生かしていきます。


Oakwoodは、企業用住宅やサービスアパートメントをグローバルに展開する業界首位のオペレーターで、95か国以上において業務を展開しています。Fortune 500社の80%以上をクライアントに持ち、アメリカでもっとも大きい引越し業者10社と業務を進めています。幅広い供給網に加え、同社はグローバルで50以上の物件を運営しています。

Oakwoodがアメリカとオーストラリアで運営するMapletreeの9つの物件に加え、Mapletreeは現在3つのサービスアパートメントを日本とベトナムで開発中です。また、アメリカでも現在1つ開発が進んでおり、完成後はOakwood Worldwideが運営する予定です。


Mapletree Investments Japan株式会社
直通: 03-6458-6492
代表: 03-6459-6469                                 

Grace LEE(グレース・リー)
Mapletree Investments Pte Ltd
直通: +65 6377 6218  
携帯: +65 9750 6482


Mapletree は、シンガポールに本社を置く業界をリードする不動産デベロッパー、投資会社、資産運用会社です。
当社の戦略は、優良な成長機会のある市場や不動産セクターに投資することです。Mapletree は不動産デベロッパー、投資会社、資産運用会社の3つ機能を併せて事業戦略を実行し、常に高い投資利益を投資家に還元しています。また、不動産開発に対し、数々の賞を受賞してきました。

現在、 Mapletree はシンガポール証券市場に上場されている4つの不動産投資信託(REIT )と5つの私募不動産投資ファンドを運営しており、シンガポールやアジア太平洋地域における不動産ポートフォリオは多岐に渡っています。




Oakwood Worldwide®は、企業用住宅とサービスアパートメント業界で首位のオペレーターです。アメリカ全土50の州とその他95か国以上の地域で、広く知られたOakwood®、 ExecuStay® そしてInsurance Housing Solutions™のブランドを通じてサービスを提供しており、受賞歴もあります。入居してすぐ使える備え付けの家具が設置され、グローバル企業、個人で出張に来ている方、保険のクライアントや旅行者の皆様からのニーズに対応しています。Oakwood Worldwideは、ロサンジェルスで設立され、同地域に本社を置き、ロンドン、フェニックス、そしてシンガポールに地域本社を置いています。



Oakwood Worldwide最高経営責任者 Christopher Ahearn略歴

Christopher Ahearnは、様々な業界でコンサルティング、セールス、マーケティングそして運営において26年以上の経験を有します。

直近では、TPG Capital社の上席顧問として、多岐な業界にわたるプロジェクトに携わり、TPG Capitalが買収した企業の業績改善に努めました。

それ以前には、2005年から2010年までOakwoodのセールス・マーケティング部門のシニア・ヴァイスプレジデントとして勤務しており、また、FedEx社、NowDocs 社、 RR Donnelley社にてエグゼクティブとしてブランディングに携わり、上席エグゼクティブとの協力のもと業績改善プロジェクトをリードしました。

アメリカのサンバーナディーノにあるCalifornia State Universityで学士号を取得しています。