HEIWA REAL ESTATE REIT, Inc. [8966.T]
TOKYO, May 21 (Pulse News Wire) – Heiwa Real Estate Reit,inc. (8966.T) decided on the price and total issuance amount for its new investment units during a board meeting held today.
The company plans to issue a total of 87,700 units through public offering, with an issuance price per unit set at ¥132,122. The total issuance value comes to ¥11.59 billion. Additionally, HEIWA REAL ESTATE REIT will sell up to 4,300 units via an over-allotment option at a price of ¥132,122 per unit, raising a total of ¥568.1 million. The subscription period for the public offering runs until May 22, 2026, while the payment period extends from May 22, 2026, to May 25, 2026. Payment for the new units is due on June 01, 2026, with delivery scheduled for June 02, 2026. Proceeds from the issuance will partly fund the acquisition of specific assets and partially repay existing loans taken out on March 02, 2026.
Any remaining funds will serve as working capital for future asset acquisitions or related expenses. Details on the acquired assets and loan repayment can be found in previous announcements dated May 18, 2026. HEIWA REAL ESTATE REIT also plans to issue additional units through a private placement, with payments due on June 23, 2026 and deliveries made on June 22, 2026. Subscription applications for this issuance are open until June 22, 2026, with payments due on June 23, 2026. The company reserves the right to terminate subscriptions not completed within the designated period. This issuance is part of HEIWA REAL ESTATE REIT's ongoing strategy to expand its real estate portfolio and improve liquidity.
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