KDX Realty Investment Corporation [8972.T]
TOKYO, Mar 26 (Pulse News Wire) – KDX Realty Investment Corporation (8972.T) announced plans to acquire a residential facility named KDXResidence Mizue located within Tokyo’s 23 wards. The property, scheduled for acquisition on April 01, 2026, includes 64 units ranging from 1K (28.38 sqm) to 2LDK (53.38 sqm).
The estimated purchase price is ¥3 billion, below the appraisal value of ¥3.1 billion. The appraisal NOI stands at ¥2 billion with an NOI yield of 6.45%. The acquired property offers convenient access to central areas via the Toei Shinjuku Line, with proximity to major stations such as Shinjuku Station and Otemachi Station, approximately 30 minutes away. It caters to diverse tenant needs, including singles and families, with a mix of contract types—corporate and individual—with a focus on family households comprising 70% of the contracts.
In addition, KDX Realty plans to divest an office building known as the Shin-Maruzen Building. The decision to sell stems from its age (35.7 years) and low NOI yield of 5.5%, indicating limited potential for internal growth. The expected sale price is set at ¥1.2 billion, exceeding the book value of ¥1.1 billion. KDX Realty continues to strategically manage its portfolio through active asset replacement, focusing on properties with high growth potential while offloading those with declining competitiveness.
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