Daiwa House REIT Investment Corporation (TSE:8984) agreed to acquire AGORA Kanazawa from Daiwa House Industry Co.,Ltd. (TSE:1925) for ¥5.2 billion on November 26, 2019. The consideration will be paid through cash reserves. As per the terms, payment of entire amount will be done upon transfer. The acquisition will be funded from debt financing of ¥25 billion and cash reserves. The transaction has been approved by the Board of Daiwa House REIT Investment Corporation. The transaction is expected to be closed on November 29, 2019. Daiwa Real Estate Appraisal Co.,Ltd. acted as appraiser in the transaction.

Daiwa House REIT Investment Corporation (TSE:8984) completed the acquisition of AGORA Kanazawa from Daiwa House Industry Co.,Ltd. (TSE:1925) on November 29, 2019.