Source disclosure: February 26, 2026, 15:30 JST
Sekisui House Reit,Inc. [3309.T]
TOKYO, Feb 26 (Pulse News Wire) – Sekisui House Reit,Inc. (3309.T) announced plans to acquire a residential property located in Kawaguchi City, Saitama Prefecture, for approximately ¥1.4 billion.
The acquisition is scheduled to take place on March 5, 2026, from Bellaggio Management Corporation. The property, named Estimzon Kawaguchi, consists of a 10-story building with 65 units, all of which are 1LDK apartments. It includes amenities such as an intercom system, security cameras, and a package delivery box. The asset's location near JR Kaminokawa Station offers convenient access to central Tokyo areas.
This acquisition aligns with the company’s strategy to enhance its portfolio and revenue base within the focus area of the Greater Tokyo region. The estimated net operating income yield based on the appraisal report is 5.5%, providing a strong foundation for future earnings. The transaction will be funded through a combination of debt financing and internal funds. Post-acquisition management services will be handled by Pacific Development and Management Co., Ltd., while Sumitomo Mitsui Trust Bank will act as the trustee.
The master lease agreement is set to run from March 5, 2026, until March 31, 2036.
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