HEIWA REAL ESTATE REIT, Inc. (TSE:8966) agreed to acquire Re-82 HF Sendai Itsutsubashi Residence for ¥850 million on January 26, 2017. Under the terms of the transaction, ¥10 million is paid as deposit on execution of agreement and the remaining will be paid on completion. The transaction will be financed through cash on hand. The property has an annual rent of ¥51.5 million. The transaction is expected to complete on February 23, 2017.