Heiwa Real Estate REIT, Inc. agreed to acquire Osaki CN Building, HF Shokoji Akabane Residence II, HF Yahiro Residence and HF Setagaya Uemachi Resi for ¥8.8 billion.

Heiwa Real Estate REIT, Inc. (TSE:8966) agreed to acquire Osaki CN Building, HF Shokoji Akabane Residence II, HF Yahiro Residence and HF Setagaya Uemachi Resi for ¥8.8 billion on May 17, 2021. The expected acquisition price of Osaki CN Building is ¥5.2 billion, HF Shokoji Akabane Residence II is ¥1.7 billion, HF Yahiro Residence is ¥1.2 billion and HF Setagaya Uemachi Resi is ¥700 million. The transaction is to be financed from proceeds from the issuance of investment units, borrowings and own funds. The transaction is expected to close on June 4, 2021.