Comforia Residential REIT, Inc (TSE:3282) agreed to acquire beneficial interest in real estate trust of Comforia Omorikashima from Godo Kaisha Residence 5 for approximately ¥860 million on January 7, 2019. As per terms, Comforia Residential REIT, Inc will pay consideration in cash at the time of delivery. In related transactions, Comforia Residential REIT, Inc agreed to acquire 8 other beneficial interest in real estate trust targets from Tokyu Land Corporation and Godo Kaisha Residence 5 for ¥17.8 billion on January 7, 2019. The consideration will be financed from the issuance of new investment units and secondary offering of investment units worth ¥13.9 billion, borrowing ¥9.7 billion from different lenders and own funds. The transaction is approved by the board of directors of Comforia Residential REIT, Inc. The transaction is expected to close on March 20, 2019. Japan Real Estate Institute acted as a valuer in the transaction.