August 30, 2023
For Immediate Release
Advance Residence Investment Corporation
Securities Code:3269
1-105Kanda-Jinbocho,Chiyoda-ku, Tokyo
Wataru Higuchi, Executive Director
Asset Management Company:
ITOCHU REIT Management Co., Ltd.
Junichi Shoji, Representative Director, President
& CEO
Inquiries:
Isao Kudo, Executive Officer
TEL. +81-3-6821-5483
Notice Concerning Submission of Shelf Registration of ADR bonds
Advance Residence Investment Corporation (ADR) announced today that it has submitted a shelf registration of investment corporation bonds to Kanto Local Finance Bureau.
Outline of the Shelf Registration Submitted
(1) | Amount to be issued | JPY 100 billion |
(2) | Date of submission of shelf registration | August 30, 2023 |
(3) | Scheduled period of issue | from September 7, 2023 through September 6, 2025 |
(4) | Use of proceeds |
Acquisition of specified assets (within the meaning of Paragraph 1, Article 2 of the Law Concerning Investment Trusts and Investment Corporations), repayment of loans, redemption of bonds, refund of lease deposits, payment for renovations, working capital etc.
About Advance Residence Investment Corporation
Advance Residence Investment Corporation is one of the largest J-REIT specializing in residential properties and is managed by ITOCHU REIT Management Co., Ltd. (IRM), the asset management company of the ITOCHU Group, investing in over 270 rental apartments located mostly in central Tokyo and in other major cities throughout Japan (AUM over 470 billion yen). ADR can be expected have a stable dividend in the long-term and can be considered as a defensive J-REIT, on back of the stable income from residential assets and with one of the largest dividend reserve among J-REITs.
"Advance" is the common brand name of the real estate investment corporation managed by ITOCHU REIT Management Co., Ltd.
ADR's website:https://www.adr-reit.com/en/
IRM's website :https://www.itc-rm.co.jp/en/
[Provisional Translation]
1
This English translation of the original Japanese document is provided solely for informational purposes. Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.
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Advance Residence Investment Corporation published this content on 30 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2023 08:03:36 UTC.