Sekisui House Reit, Inc. (TSE:3309) entered into an asset purchase agreement to acquire Prime Maison Meguro from Sekisui House, Ltd. (TSE:1928) for ¥2.3 billion on July 30, 2021. In a related transactions, Sekisui House Reit entered into a sale and purchase agreement to acquire Prime Maison Shimokitazawa, Prime Maison Ryogoku, Prime Maison Nakameguro and Prime Maison Itabashi from Sekisui House, Ltd. for ¥18.9 billion on July 30, 2021, and An unknown buyer agreed to acquire nine properties from Sekisui House Reit, Inc. for ¥17.2 billion. The transaction will be funded by proceeds from the asset disposition and borrowing.

Prime Maison Meguro generated revenue of ¥92.28 billion for year ending June 30, 2021. The transaction is expected to complete on September 1, 2021. Tanizawa Sogo Appraisal Co., Ltd. acted as Appraiser in the transaction.