HEIWA REAL ESTATE REIT,Inc. [8966.T]
TOKYO, Apr 27 (Pulse News Wire) – HEIWA REAL ESTATE REIT,Inc. (8966.T) plans to sell two properties, HF Nishishinjuku Residence WEST and EAST, expecting gains of ¥24.9 billion and another amount respectively.
The sale is part of its asset rotation strategy aimed at maximizing shareholder value through realized capital appreciation. This marks the 18th consecutive term of anticipated gains, accelerating investment value maximization. The transaction includes the sale of HF Nishishu-koku Residence WEST for a planned price of ¥3.500 billion against a valuation ratio of 116%.
It also involves HF Nishishu-koku Residence EAST, sold for ¥2.050 billion against a valuation ratio of 116%. Both sales aim to enhance portfolio quality, secure growth funds, and ensure return resources for shareholders. HEIWA REAL ESTATE REIT's strategy focuses on improving capital efficiency and enhancing internal growth while maintaining a robust asset rotation approach.
The company expects to achieve continuous dividend increases and further strengthen its asset management strategies.
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