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The Nikkei confirmed over the weekend that Oaktree holds 35% in the Re-Plus REIT Management company and is negotiating to acquire 55% owned by the now-defunct Re-Plus.  The Japan Times article was correct.   When acquiring their first tranche of third-party allocated new shares of the Re-Plus JREIT, Oaktree also took a 35% shareholding in the management company making them one of the sponsors.  Now they will have priority negotiating rights to take over the management.   They also noted Oaktree`s intention to change the company and REIT names.

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