Tosei Reit Investment Corporation [3451.T]
TOKYO, Apr 27 (Pulse News Wire) – Tosei Reit Investment Corporation (3451.T) decided to acquire a residential property named TR Garden Rd-46 in Yokohama, Japan, for approximately ¥670 million. The acquisition, scheduled for May 29, 2026, aligns with the company's strategy to ensure stable long-term returns and portfolio growth.
The property, located near multiple subway stations and offering good accessibility to central areas, includes various amenities within walking distance. It is expected to enhance the company's portfolio to 64 properties with a total acquisition price of approximately ¥67 billion. The asset's NOI yield is estimated at 5.06%. The company evaluated several factors such as location, construction quality, and tenant suitability before making the decision.
Additionally, the property will undergo due diligence, including seismic risk assessment by SOMPO Risk Management Co., Ltd., ensuring its structural integrity meets stringent standards. As part of the transaction, Tosei Reit plans to finance the purchase through a combination of loans and equity funds. The property will be leased out under a master lease agreement with Mitsui Leasing Company Limited, commencing on May 29, 2026, with annual renewals thereafter. Looking ahead, the company anticipates minor adjustments to its operational forecasts and distribution expectations for the fiscal year ending October 31, 2026, due to this acquisition.
Detailed updates will be disclosed alongside the interim report scheduled for release on November 1, 2026.
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