Escon Japan REIT Investment ESCON JAPAN REIT Completes Transfer of Four Domestic Real Estate Trust Beneficial Rights

TOKYO, Mar 27 (Pulse News Wire) – ESCON JAPAN REIT Investment Corporation (2971.T) completed the transfer of four domestic real estate trust beneficial rights on March 27. The transfers, previously disclosed on February 10, involved properties located in various regions across Japan.

Details of the transferred assets include: - Drage Utaka, commercial facility in Nara Prefecture - Welcia, commercial facility in Hyogo Prefecture - Cocokara Fine, two commercial facilities in Osaka Prefecture The total transaction price for the four properties was non-disclosed due to lack of consent from the undisclosed transferee, which is a domestic general corporation. The sale prices exclude consumption tax, local consumption tax, and related expenses.

For more detailed information on the transferred assets, investors should refer to the February 10 announcement regarding the acquisition and transfer of domestic real estate trust beneficial rights. --- This concludes the completion of the asset swap transactions as part of ESCON JAPAN REIT's ongoing portfolio management activities.