Heiwa Real Estate REIT, Inc. agreed to acquire Trust beneficiary rights and Leasehold rights for five properties in Japan from Heiwa Real Estate Co., Ltd. for ¥10.3 billion.
¥3.38 billion, Iwamotocho Twin Sakae Building for ¥400 million, HF Kawaguchi Ekimae Residence for ¥1.26 billion, HF Higashiogu Residence for 1.21 billion. The consideration will be funded by Take-home payments, borrowings and own funds from the issuance of investment units. In a related transaction, Heiwa Real Estate agreed to acquire Grace Building Sengakujimae from Heiwa Real Estate REIT for ¥1.1 billion. The transaction is expected to complete on June 3, 2022.