Samty Residential Investment Corporation (TSE:3459) agreed to acquire S-RESIDENCE Minami Maruyama from Samty Co., Ltd. (TSE:3244) for ¥410 million on April 27, 2023. Samty Residential will be funded the acquisition by the proceeds from the disposition of S-FORT Kurumamichi on March 31, 2023. S-RESIDENCE Minami Maruyama has monthly rental revenue of ¥1,947. The board of Samty Residential Investment has approved the deal on April 27, 2023. The Date of conclusion of sales contract is May 1, 2023. The transaction is expected to complete on May 8, 2023.

Samty Residential Investment Corporation (TSE:3459) completed the acquisition of S-RESIDENCE Minami Maruyama from Samty Co., Ltd. (TSE:3244) on May 8, 2023.