Sekisui House Reit (TYO:3309) has decided to change the master lease agreement for its owned property Prime Maison Momochihama from a fixed-rent type master lease to a pass-through type master lease.

The change was made after the REIT reviewed the lease scheme and negotiated with the master lease company, Sekisui House Sha Maison PM Kyushu, according to a Tokyo bourse filing on Tuesday.

The new agreement will run from April 1, 2027 to March 31, 2032, with the monthly rent expected to increase by 19.7% to 12.4 million yen based on actual results as of the end of August.

The REIT determined that pursuing internal growth opportunities through this change will contribute to maximizing unitholder value.