Advance Residence Investment Corporation (TSE:3269) entered into an agreement to acquire RESIDIA Senri-Fujishirodai for ¥1.4 billion on June 29, 2016. The transaction will be financed from cash on hand or funds procured by borrowing. Advance Residence Investment and the seller will pay termination fees of 10% of the purchase price in case they terminate the transaction. The acquisition has no effect on the management performance forecasts of fiscal periods ending July, 2016 or January, 2017 of Advance Residence Investment. The transaction will be funded from offering of ¥12.12 billion. The transaction is expected to close by March 29, 2017. Yuhei Ueyama of Basis Corporation acted as broker for Advance Residence Investment. Daiwa Real Estate Appraisal Ltd acted as real estate broker in the transaction. Advance Residence Investment Corporation (TSE:3269) completed acquisition of RESIDIA Senri-Fujishirodai on March 29, 2017.