Heiwa Real Estate REIT, Inc. (TSE:8966) entered into an agreement to acquire HF UENO IRIYA RESIDENCE, Faret East Building and Inter Planet ESAKA Building from Nozomi Finance & Consulting Co. Ltd for ¥4 billion on December 14, 2021. Consideration will be paid in Lump-sum payment at time of delivery.

Heiwa Real Estate will pay ¥900 million, ¥600 million an d ¥2.5 billion for HF UENO IRIYA RESIDENCE, Faret East Buildin and Inter Planet ESAKA. Transaction was financed through Cash on hand and borrowing. Transaction is expected to close on December 22, 2021.