XYMAX REIT Investment : Notice Concerning Change in Specified Related Corporation
July 13, 2021 at 02:03 am EDT
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Shotaro Kanemitsu, Representative Director and President
Tatsuya Nakayama
Head of Business Planning Division TEL: +81-3-5544-6880
Information Purposes Only
July 13, 2021
For Immediate Release
Real Estate Investment Trust Securities Issuer
1-1-1 Akasaka, Minato-ku, Tokyo
XYMAX REIT Investment Corporation
Representative: Shotaro Kanemitsu, Executive Director
(Securities Code: 3488)
Asset Management Company
XYMAX REAL ESTATE INVESTMENT ADVISORS
Corporation
Representative:
Contact:
Notice Concerning Change in Specified Related Corporation
XYMAX REIT Investment Corporation (hereinafter, "XYMAX REIT") announces today the following change in specified related corporation (hereinafter, "the Change") of XYMAX Real Estate Investment Advisors Corporation (hereinafter, "the Asset Management Company") will occur as described below.
The background and reason for the Change
XYMAX ALPHA Corporation (hereinafter, "XYMAX ALPHA"), who contracts property management agreements for 8 properties and master lease and property management agreements for 4 properties of the real estate trust beneficiary interests held by XYMAX REIT and master lease and property management agreement for 1 actual real estate held by XYMAX REIT, and who is a specified related company of the Asset Management Company as stipulated in Article 166-5 of the Financial Instruments and Exchange Act, notified XYMA REIT that it plans to conduct an absorption-type merger (hereinafter, "the Merger") with XYMAX ALPHA as the extinguishing company and XYMAX Corporation, the parent company of the Asset Management Company, as the surviving company, effective as of October 1, 2021.
As a result of the Merger, the status of Specified Related Corporation of the Asset Management Company will change, accordingly.
The scheduled date of the Change October 1, 2021
Overview of the Specified Related Corporation scheduled to change
Name
XYMAX ALPHA Corporation
Location
1-13-10, Tsukiji, Chuo-ku, Tokyo
Representative
Kenji Yoshimoto, President
Business activities
1.
Ownership, sale, purchase, lease, management, brokerage,
2.
consulting and appraisal of real estate
Provide management services for office buildings, retail facilities,
3.
and other real estate
Comprehensive management and maintenance services for
4.
buildings and related facilities
Sales, sales agency and brokerage of goods accompanying the
5.
management and operation of buildings
Comprehensive Security Services
6.
Planning, subcontracting, construction, design, construction
The said company is a wholly owned subsidiary of XYMAX Corporation, which holds 100% ownership of the Asset Management Company, and falls under the definition of a related party as defined in the Investment Trusts Act.
As of today, 6 of the employees of the Asset Management Company are seconded from the said company.
The said company contracts property management agreements for 8 properties and master lease and property management agreements for 5 properties of the real estate trust beneficiary interests held by XYMAX REIT. The said company also contracts master lease and property management agreement for 1 actual real estate held by
XYMAX REIT.
The said company does not fall under the definition of a related party of XYMAX REIT. However, as stated above, the said company is a related party of the Asset Management Company as it is a fellow subsidiary.
7.
supervision, and consulting services for construction work, etc.
Facility Management
Capital
8.
Call center operations
100 Million yen（As of the end of March, 2021）
Date of establishment
December 3, 1971（
）
Net assets
1,589 Million yen
As of the end of March, 2021
Total assets
18,617 Million yen
As of the end of March, 2021
Major shareholder
（
）
XYMAX Corporation
100.0%
（
）
Relationship between XYMAX REIT and/or the Asset Management Company, and the specified related corporation
Capital relationship
Personnel relationship
Business relationship
Status of relationship
4. Future Outlook
The Change will have no impact on the forecasts for the fiscal period ended in the end of August, 2021 (the 7th fiscal period) and the fiscal period ended in the end of February, 2022 (the 8th fiscal period).
Xymax REIT Investment Corporation published this content on 13 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 July 2021 06:02:02 UTC.
XYMAX REIT Investment Corporation is closed-end real estate investment trust (REIT) company. It aims to achieve sustainable growth in asset and stable earnings from mid- to long-term perspectives. The Company mainly invests in office buildings, commercial facilities, hotels in Tokyo city and neighboring areas, as well as major cities in Japan. Its property portfolio includes XYMAX Nishi-shimbashi Bldg, XYMAX Iwamotocho Bldg, XYMAX Kamiyacho Bldg, XYMAX Hachioji Bldg, MUZA KAWASAKI Symphony Hall, Hotel-Vista-Sendai and others. The asset manager of the Fund is XYMAX REAL ESTATE INVESTMENT ADVISORS.
XYMAX REIT INVESTMENT CORPORATION 
