Nomura Real Estate Master Fund, Inc. (TSE:3462) entered into purchase and sale agreement to acquire PROUD FLAT Nezu Yanaka from Nomura Real Estate Development Co., Ltd. for ¥1.4 billion on October 18, 2022. Nomura Real Estate Master Fund will fund the acquisition using cash on hand. Consideration will be paid in lumpsum on delivery. If the transaction is cancelled due to breach of terms of contract, then the violating party require to pay penalty charge equivalent 20% of the acquisition prices. PROUD FLAT Nezu Yanaka reported Annual rental income of ¥74 million. The transaction is expected to close on January 6, 2023.

Nomura Real Estate Master Fund, Inc. (TSE:3462) completed the acquisition of PROUD FLAT Nezu Yanaka from Nomura Real Estate Development Co., Ltd. on January 6, 2023.