LIFULL Co. (TYO:2120) will acquire four villa properties from Rakuten (TYO:4755) unit Rakuten STAY for 5.58 billion yen, with Rakuten STAY continuing property management, according to a Thursday filing on the Tokyo Stock Exchange.

The assets, located in tourist areas, will generate stable rental income and support LIFULL's efforts to address Japan's abandoned housing issue, LIFULL said.

The acquisition, set to close on Dec. 10, is expected to contribute 250 million yen in revenue and 100 million yen in operating profit for fiscal year 2025, the company said.

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