HEIWA REAL ESTATE REIT,Inc. [8966.T]
TOKYO, Jun 19 (Pulse News Wire) – Heiwa Real Estate Reit,inc. (8966.T) announced today that SMBC Nikko Securities Inc.
Had confirmed its subscription for all 4,300 new investment units issued through a private placement. The issuance price per unit was set at ¥127,853, raising a total of ¥549.8 million. The subscription period ended on June 22, 2026, with payment due on June 23, 2026. This private placement follows decisions made during board meetings held on May 18, 2026 and May 21, 2026. The proceeds will partially fund the early repayment of borrowings as disclosed on May 18, 2026.
Any remaining funds will serve as working capital and support acquisition-related expenses for specific assets previously announced on May 18, 2026, such as HF Upper Nishitenno Building, HF Chiba Fujiwara Building, and HF Inariya Town Building. Additionally, some funds will cover costs associated with the general offering and the private placement itself, as well as potential future asset acquisitions. HEIWA REAL ESTATE REIT currently holds 1,339,233 investment units, which will increase to 1,343,533 following this issuance. Financial institutions will hold the raised funds until further allocation. For more detailed information, refer to the announcements dated May 18 and May 21, 2026, concerning the new investment unit issuance and pricing determinations.
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