GLP J-REIT (TYO:3281) has agreed to sell three assets for a total of 23.50 billion yen to an undisclosed buyer, according to a Thursday filing on the Tokyo Stock Exchange.
The sale, executed on April 30, includes properties in Kasukabe, Kawajima, and Koriyama, with proceeds earmarked for distribution to unitholders and reinvestment in future acquisitions.
The sale is expected to generate a total gain of 5.42 billion yen. Proceeds will be distributed to unitholders as dividends, with any remaining funds retained for strategic initiatives like share buybacks or new property investments.
Price (JPY): $127200.00, Change: $+400, Percent Change: +0.32%
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