Daiwa Securities Living REIT to Buy Two Rental Housing Assets in Kanagawa, Japan
MT Newswires Live
Nov 20
Daiwa Securities Living Investment (TYO:8986) will buy two rental housing properties in Kanagawa, Japan, for 5.42 billion yen, according to a Thursday filing on the Tokyo Stock Exchange.
The assets, located in Yokohama and Kawasaki, carry a combined appraisal value of 5.55 billion yen and will be transferred on Dec. 1.
The Yokohama property, Gran Casa Yokohama Ishikawacho, is priced at 4.34 billion yen against a 4.44 billion yen appraisal. It includes 117 units and had a 96.8% occupancy rate at the end of October.
The Kawasaki asset, Gran Casa Kawasaki Ikuta, is valued at 1.08 billion yen versus an appraisal of 1.11 billion yen. The 22-unit property was fully occupied at the end of October.
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