Sekisui House Reit Changes Master Lease Agreement for Prime Maison Momochihama
MT Newswires Live
Sep 29
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.
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