LT KB Moonrae 4th New Stay REIT Co., Ltd agreed to acquire corporate rental housing on lot 21, 6th street in Yeongdeungpo-gu District in Seoul from Lotte Food Co.,Ltd. (KOSE:A002270) for approximately KRW 230 billion on October 12, 2017. LT KB Moonrae 4th New Stay REIT Co., Ltd will pay KRW 22.9 billion amounting to 10% of the consideration as deposit, KRW 137.66 billion amounting to 60% of the consideration as second payment and KRW 68.8 billion as the balance payment. The Board of Directors passed a resolution for the transaction on October 12, 2017. The transaction is expected to be completed on October 16, 2017. As of March 27, 2020, the transaction is expected to complete on May 31, 2020. As of May 19, 2020, the transaction is expected to be completed by May 22, 2020. Ernst & Young Han Young acted as the external rating institution.