Nomura Real Estate Master Fund, Inc. (TSE:3462) signed an agreement to acquire PRIME URBAN Gakugei Daigaku Parkfront for ¥1.3 billion on January 27, 2017. The transaction will be funded using cash on hand and borrowing. Nomura Real Estate Master decided to procure ¥18 billion debt financing in order to pay for the acquisition. In case of the cancellation of the agreement, the other party may make a claim for the penalty equivalent to 20% of the sales price to the defaulting party as termination fee. The property has a rental income of ¥70 million. The delivery of the real estate is expected to take place on March 31, 2017. Daiwa Real Estate Appraisal Co., Ltd acted as appraiser in the transaction. Nomura Real Estate Urban Net Co., Ltd. served as the broker on the deal for Nomura Real Estate Asset Management Co. and received ¥39 million as commission.