Nippon Healthcare Investment Corporation (TSE:3308) concluded an agreement to acquire 28 properties in Japan from a group of shareholders for ¥62.7 billion on November 19, 2019. In a related deal, Japan Rental Housing Investments Inc. (TSE:8986) agreed to acquire and merge Nippon Healthcare Investment Corporation. The consideration will be partly funded from issuance of 0.26 million new units of Japan Rental Housing Investments Inc. for a total value of ¥26 billion. As on March 24, 2020, Japan Rental Housing Investments Inc. has decided to borrow ¥27.3 billion as term loan for the acquisition. The deal is subject to completion by Japan Rental Housing Investments Inc of merger of Nippon Healthcare Investment Corporation. The deal is expected to close on April 2, 2020.