CRE Logistics REIT's asset manager CRE Reit Adviser (TYO:3487) entered into a two-year support agreement with SMFL MIRAI Partners to enhance property acquisition, redevelopment, and financing strategies.

The agreement, effective July 22, includes automatic two-year renewals unless terminated, according to its Tuesday filing with the Tokyo bourse.

Through the deal, the company plans to use SMFL Mirai's resources to boost the REIT's operational efficiency and unitholder value.

This follows SMFL Mirai's March tender offer for CRE Reit Advisers.

SMFL Mirai is a wholly owned subsidiary of Sumitomo Mitsui Finance and Leasing and indirectly holds 50.1% of the outstanding shares of CRE Reit Advisers.