Japan Metropolitan Fund Investment Corporation (TSE:8953) agreed to acquire 16% stake in Preferential negotiating rights for 13 properties for ¥860 million on March 22, 2024.The contract for the transaction is scheduled to complete on March 26, 2024. The transaction will be funded form cash on hand. The properties have a rental revenue of ¥1 billion.

The transaction is expected to close on march 27, 2023.