Mitsui Fudosan Accommodations Fund Inc. [3226.T]
TOKYO, May 22 (Pulse News Wire) – Mitsui Fudosan Accommodations Fund Inc. (3226.T) announced today that it plans to acquire a property named Park Cube Hachioji for approximately ¥1.750 billion from Shinwa Real Estate Co., Ltd.
The acquisition is scheduled to close on June 5, 2026, with funding sourced from loans and internal funds. Located near JR Central Line's Hachioji Station, the property offers convenient access to central Tokyo within about one hour. It features 33 rental units and a total floor area of 3,921 square meters.
The asset was appraised by Nippon Valuation Institute at 1.750 billion based on its potential revenue and expenses as of May 1, 2026. The fund expects the acquisition to contribute minimally to its performance in the fiscal quarter ending August 31, 2026. The property aligns with the fund’s strategy to expand its portfolio and diversify investments while ensuring stability and long-term profitability.
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