SOSiLA Logistics REIT, Inc. (TSE:2979) (SLR) signed a purchase and sale agreement to acquire 62% quasi-co-ownership interest in SOSiLA Ebina and SOSiLA Nishiyodogawa II from Sumitomo Corporation and Sumitomo Mitsui Finance and Leasing Company, Limited for ¥23.1 billion on November 13, 2020. Under the terms of the transaction, the full amount is paid on delivery. SOSiLA Logistics REIT, Inc. will acquire 62% quasi-co-ownership interest in SOSiLA Ebina from Sumitomo Corporation for ¥14.7 billion and SOSiLA Nishiyodogawa II from Sumitomo Mitsui Finance and Leasing Company, Limited for ¥8.4 billion. SLR and Sumitomo Corporation plan to hold 62% and 38%, respectively, of the quasi-co-ownership interest of SOSiLA Ebina upon acquisition. The transaction is financed from Proceeds from the issuance of new investment units by issuance of new investment units through third-party allotment for ¥11.3 billion, borrowings of ¥1.5 billion from Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank, Limited, Mizuho Bank, Ltd. and cash on hand.

Sumisho Realty Management Co., Ltd., asset manager of SLR, has obtained the consent of SLR based on the approval of the Board of Directors of SLR at the meeting held on November 13, 2020. The anticipated acquisition date of the transaction is December 4, 2020. Japan Real Estate Institute acted as the appraiser for SOSiLA Nishiyodogawa II. The Tanizawa Sogo Appraisal acted as the appraiser for SOSiLA Ebina.