Samty Residential Investment Corporation (TSE:3459) agreed to acquire trust beneficiary interest in AS Residence Tennocho in Japan for approximately ¥970 million on January 23, 2020. The transaction will be funded from cash on hand of Samty and will be paid in lump-sum. Samty Residential plans to change the name of AS Residence Tennocho to S-FORT Shizuoka Tennocho as soon as it is acquired. The transaction is expected to be completed on February 3, 2020. Japan Valuers Co., Ltd. acted as the appraiser of the property. Nichido Risk Consulting Co., Ltd. acted as due diligence provider for Samty. Samty Residential Investment Corporation (TSE:3459) cancelled the acquisition of trust beneficiary interest in AS Residence Tennocho in Japan on January 23, 2021.