TIS Inc. (TSE:3626) agreed to acquire Gotenyama SH Building from Sekisui House Reit, Inc. (TSE:3309) for ¥70 billion on March 29, 2023. TIS will use the cash on hand and borrowings from financial institutions are planned to fund the acquisition. Gotenyama SH Building has monthly rent of ¥181,499.

The transaction is expected to be carried out in 10 equal installments, with 10/100 of the ownership share to be disposed on each planned disposition date starting October 31, 2023 and the final acquisition date is scheduled for April 30, 2028.