Advance Residence Investment Corp (TSE:3269) agreed to acquire RESIDIA Jiyugaoka II, RESIDIA Kita-Nijyo-East and RESIDIA Shinsaibashi West from Godo Kaisha RBFA3 for ¥3.6 billion on January 8, 2013. Advance Residence Investment will acquire RESIDIA Jiyugaoka II for ¥778 million, RESIDIA Kita-Nijyo-East for ¥894 million and RESIDIA Shinsaibashi West for ¥1.92 billion. The full consideration amount will be paid upon delivery.

In related transactions, Advance Residence Investment Corp is acquiring 9 other RESIDIA properties. The transaction financing will be done through proceeds of ¥22.5 billion procured by issuing new investment units or borrowings or cash at hand. The agreement is scheduled to be signed on January 8, 2013 and the transaction is expected to close by February 25, 2013.

Daiwa Real Estate Appraisal Co., Ltd. acted as real estate appraiser.