Daiwa Securities Living Investment : Notice Concerning Change of the Scheduled Asset Acquisition Date (Gran Casa Kuramae)(497KB)

English Translation

The following is an English translation of the Japanese original press release and is being provided for information purposes only.

February 24, 2023

To All Concerned Parties

REIT Issuer: Daiwa Securities Living Investment Corporation

6-2-1 Ginza, Chuo-ku, Tokyo 104-0061

Yoshio Urata, Executive Director

(Securities Code: 8986)

Asset Manager: Daiwa Real Estate Asset Management Co. Ltd.

Yoshiki Nishigaki, President and Chief Executive Officer

Inquiries: Kentaro Azumi, General Manager, Corporate Division

Tel: [phone]

Notice Concerning Change of the Scheduled Asset Acquisition Date (Gran Casa Kuramae)

Daiwa Securities Living Investment Corporation (the "Investment Corporation") hereby announces that the Investment Corporation has agreed with the sellers to change the scheduled acquisition date of Gran Casa Kuramae (Former Name: (Temporary Name) Kuramae Project, the "Asset to be Acquired"), released in "Notice Concerning Acquisition of Asset ((Temporary Name) Kuramae Project)" dated August 23, 2021.

I. The Content of the Change

	Property Name			Scheduled Acquisition Date			Scheduled Acquisition Date
			(From)			(To)
	Gran Casa Kuramae		March 31, 2023		March 6, 2023
	((Temporary Name) Kuramae Project)

II. The Reason for the Change

According to the sales contract dated August 23, 2021, the scheduled asset acquisition date is set as March 31, 2023 or any other date agreed by the sellers and the Investment Corporation. The sellers and the Investment Corporation have agreed to change the acquisition date of the Asset to be Acquired on February 24, 2023.

III. Forecast

There is minimal impact from the change on asset management conditions for the fiscal period ending March 31, 2023 (October 1, 2022 to March 31, 2023) and the fiscal period ending September 30, 2023 (April 1, 2023 to September 30, 2023).

-End-

*URL:https://www.daiwa-securities-living.co.jp/en/

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English Translation

The following is an English translation of the Japanese original press release and is being provided for information purposes only.

(Reference Material) Exterior and Map of the Asset to Be Acquired

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English Translation

The following is an English translation of the Japanese original press release and is being provided for information purposes only.

(Additional Material) Overview of Portfolio after the Acquisition

Properties owned

Asset to be Acquired

as of today

(a) + (b)

(b)

(a)

Total number of

247 properties

1 property

248 properties

properties

Total Number of

17,973 units

36 units

18,009 units

leasable units

Total leasable area

764,611.21m2

1,424.28m2

766,035.49m2

Properties owned

Asset to be Acquired

as of today

(a) + (b)

(b)

(a)

Total (anticipated)

acquisition price

JPY 361.7 billion

JPY 1.5 billion

JPY 363.2 billion

(Note 1)

Appraisal value (Note 2)

JPY 441.9 billion

JPY 1.6 billion

JPY 443.5 billion

(Note 1) Total (anticipated) acquisition price is calculated based on the (anticipated) acquisition price.

(Note 2) Appraisal value is calculated based on the appraisal value as of August 1, 2022 for Gran Casa Minami-Senju, Gran Casa Hikifune, Serenite Namba Plie, Gran Casa Oji, Gran Casa Ryogoku East, Gran Casa Tabata and Sunny Life Shibaura and the appraisal value as of the end of September 2022 for the other properties among the properties owned as of today and the Asset to be acquired.

				Properties owned			Asset to be Acquired
				as of today					(a) + (b)
						(b)
				(a)
	Studio			JPY 172.6 billion		JPY 1.5 billion		JPY 174.1 billion
		(47.7%)			(47.9%)
	Family			JPY 80.8 billion	-			JPY 80.8 billion
		(22.3%)			(22.3%)
	Healthcare			JPY 108.2 billion	-			JPY 108.2 billion
		(29.9%)			(29.8%)

End

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