Daiwa House REIT Investment Corporation (TSE:8984) agreed to acquire Nursery Room Berry Bear Omori Nishi Welcia Ota Omori Nishi Store from Daiwa House Industry Co.,Ltd. (TSE:1925) for ¥1.4 billion on February 8, 2019. In a related transaction, Daiwa House REIT Investment will acquire another 12 properties for total of ¥65.71 billion. The transaction has been funded by proceeds from issuance of new investment units including ¥20.8 million from Japanese public offering, ¥12.24 billion from the international offering, ¥2.4 billion in maximum proceeds from the issuance of new investment units through the Third party allotment and debt financing of ¥27.5 billion which includes long term loans will be borrowed from Sumitomo Mitsui Banking Corporation, The Norinchukin Bank, Sumitomo Mitsui Trust Bank, Limited, The Bank of Fukuoka, Ltd, The Chiba Bank, Ltd, The 77 Bank, Ltd, The Nishi-Nippon City Bank, Ltd, The Iyo Bank, Ltd, The Chugoku Bank, Ltd, Mizuho Bank Ltd, Resona Bank, Limited, Mizuho Trust & Banking Co, Ltd and MUFG Bank, Ltd and cash reserves.

The transaction has been approved by the Board of Directors of Daiwa House REIT Investment Corporation. The transaction is expected to be completed on March 12, 2019. Daiwa Real Estate Appraisal Co.,Ltd. acted as appraiser in the transaction.