Advance Residence Investment Corporation (TSE:3269) agreed to acquire RESIDIA Kumamoto-Karashima from Meiwa Real Estate Co for ¥4 billion on October 26, 2022. The acquisition will be funded from Borrowings and cash on hand. Consideration will be paid lump sum on delivery.

The transaction is expected to close on November 8, 2022 or date to be separately agreed with Meiwa Real Estate Co.