Samty Residential Investment Corporation (TSE:3459) entered into an agreement to acquire S-RESIDENCE Aoi, S-RESIDENCE Shigahondori, Samty Canal Kobe, Samty Kumamotogofukumachi and S-RESIDENCE Motoyawata from Samty Co., Ltd. (TSE:3244) for ¥5.5 billion on January 25, 2019. Under the terms, Samty Co., Ltd. will sell S-RESIDENCE Aoi for ¥1.5 billion, S-RESIDENCE Shigahondori for ¥1.2 billion, Samty Canal Kobe for ¥599 million, Samty Kumamotogofukumachi for ¥599 million and S-RESIDENCE Motoyawata for ¥1.7 billion. The transaction has been funded from borrowings and Samty Residential Investment self-funds.

The transaction has been resolved at the Investment Corporation Board of Directors meeting of Samty Residential Investment Corporation. The transaction is expected to complete on March 29, 2019