Advance Residence Investment Corporation [3269.T]
TOKYO, May 19 (Pulse News Wire) – Advance Residence Investment Corporation (3269.T) announced plans to acquire two properties for a total price of approximately ¥1.221 billion. The acquisitions include the residential complex "Regidia Tokiwadai" and another unnamed property located near Setagaya Shomyozenjinja Station.
The unnamed property, known as "Regidia Tokiwadai" post-acquisition, will cost 1.221 billion based on its appraisal value of ¥1.221 billion. It features 51 rental units and a NOI yield of 5.3%. Located close to major transportation hubs, the asset benefits from strong occupancy rates and convenient living amenities. The Regidia Tokiwadai property, priced at ¥20 billion with an appraisal value of ¥20.5 billion, consists of 38 units.
Its NOI yield stands at 5.7%, offering stable returns. Situated near Tokiwadai Station, the property enjoys good accessibility and local conveniences such as shopping districts and supermarkets. Both assets will be managed by Chuo Mitsui Trust Bank and Itochu Urban Community Co., respectively. The acquisition is expected to enhance the portfolio's stability and long-term profitability.
Settlement is scheduled for May 28, subject to agreement with sellers.
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