HEIWA REAL ESTATE REIT, Inc. [8966.T]
TOKYO, Apr 27 (Pulse News Wire) – Heiwa Real Estate Reit,inc. (8966.T) announced plans to sell two residential properties, HF Nishikicho Residence WEST and EAST, for a total price of ¥3.020 billion.
The sales are expected to close on May 29, 2026. HF Nishikicho Residence WEST, acquired in 2007, will be sold for ¥1.770 billion, while HF Nishikicho Residence EAST will fetch ¥1.4 billion. Both properties are expected to yield significant capital gains compared to their book values. The sale proceeds aim to enhance future investment opportunities and improve portfolio quality.
The properties consist of 575.67 square meters and 347.29 square meters respectively, located within commercial zones in Tokyo. They are fully leased with occupancy rates consistently above 90%. The sale is part of the company's strategy to optimize its asset portfolio and ensure long-term stable returns. HEIWA REAL ESTATE REIT will continue to focus on enhancing investor value through strategic asset management and portfolio optimization.
The transaction is expected to positively impact the company’s operational outlook for the fiscal year ending May 2026, with minimal effects anticipated for the subsequent fiscal year.
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