Comforia Residential REIT, Inc (TSE:3282) agreed to acquire COSMOS REID Shinnakano for ¥1.6 billion on March 25, 2024. COSMOS REID Shinnakano will be renamed as Comforia Shin-Nakano II around 1 month after the acquisition. COSMOS REID Shinnakano has rental revenues of ¥67 million annually.

The deal is expected to be completed on March 28, 2024.