MORI TRUST Sogo Reit, Inc. (TSE:8961) agreed to acquire MORI TRUST Hotel Reit, Inc. (TSE:3478) for ¥66.2 billion on November 22, 2022 Under the terms of transaction, 0.92 MTR units will be issued against the 1 MORI TRUST Hotel units. MTR also plan to stock split wherein MTR splits one investment unit into two investment units. Upon completion, the trade name of MORI TRUST Sogo Reit, Inc. will be changed to MORI TRUST REIT, Inc.. Transaction is subject to approval of both boards, shareholders and required consents of lenders. Transaction is expected to be closed on March 1, 2023. As of December 22, 2022, MORI TRUST Sogo Reit Board of Directors passed a resolution and requests that its unitholders support the purport of the Merger and approve the conclusion thereof.

MORI TRUST Sogo Reit, Inc. (TSE:8961) completed the acquisition of MORI TRUST Hotel Reit, Inc. (TSE:3478) on March 1, 2023.