Japan Metropolitan Fund Investment Corporation (TSE:8953) agreed to acquire JMF-Residence Shin-Yokohama for ¥3.2 billion on March 29, 2023. In related transaction, Japan Metropolitan Fund Investment agreed to acquire JMF-Residence Akabane Shimo from KT CAPITAL CORPORATION for ¥2.2 billion. Japan Metropolitan Fund will use Cash on hand to fun the acquisitions. RJR Prescia Shin-Yokohama has annual rent of ¥144 million. The contract completion date is scheduled on March 31, 2023 and expected to close on April 27, 2023.

Japan Metropolitan Fund Investment Corporation (TSE:8953) completed the acquisition of JMF-Residence Shin-Yokohama on March 31, 2023.