Daiwa House REIT Investment Corporation (TSE:8984) agreed to acquire additional 70% stake in Trust Beneficiary Interests in iias Tsukuba from Daiwa House Industry Co.,Ltd. (TSE:1925) for ¥23.8 billion on February 7, 2020. In related transactions, Daiwa House REIT Investment Corporation agreed to acquire 50% stake in trust beneficiary interests in GRANODE Hiroshima from Daiwa House Industry Co.,Ltd and agreed to acquire trust beneficiary interests in DPL Nagareyama I from Kabushiki Kaisha Nagareyama Kyodo Kaihatsu. The transaction will be funded from the proceeds of issuance of new units amounting to ¥34.32 billion, debt financing of ¥7.7 billion and cash reserves. The transaction is approved by the Board of Daiwa House REIT Investment Corporation and is expected to close by April 1, 2020. As of March 31, 2020 iias Tsukuba has received Certification from Building Housing Energy efficiency Labelling System. Japan Real Estate Institute acted as appraiser in the deal.

Daiwa House REIT Investment Corporation (TSE:8984) completed the acquisition of additional 70% stake in Trust Beneficiary Interests in iias Tsukuba from Daiwa House Industry Co.,Ltd. (TSE:1925) on April 01, 2020.