An unknown buyer agreed to acquire 25% interest in real estate trust beneficiary rights of Shinagawa Season Terrace from Hulic Reit, Inc. (TSE:3295) for ¥6.3 billion on March 26, 2021. buyer will pay the consideration at closing. The transaction is expected to close on March 30, 2021. The balance after the allocation of gain from the transfer is expected to be applied toward the price of the acquisition. Japan Real Estate Institute acted as appraiser for the transaction.

An unknown buyer acquired 25% interest in real estate trust beneficiary rights of Shinagawa Season Terrace from Hulic Reit, Inc. (TSE:3295) on March 30, 2021.