ESCON JAPAN REIT Investment Corporation announced a private placement to issue 8,700 shares at an issue price of ¥122,600 per share for the gross proceeds of ¥1,066,620,000 on May 31, 2024. The transaction will include participation from new investor Chuden Real Estate Co.,Inc. The transaction has been approved by shareholders of company and is expected to close on June 11, 2024. The securities are restricted to a hold period.
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- ESCON JAPAN REIT Investment Corporation announced that it expects to receive ¥1.06662 billion in funding from Chuden Real Estate Co.,Inc.