Advance Residence Investment Corp (TSE:3269) agreed to acquire RESIDIA Sapporo-Ekimae, RESIDIA Gosho-Higashi, RESIDIA Rakuhoku and RESIDIA Marunouchi from Godo Kaisha RBFA2 for ¥4.6 billion on January 8, 2013. Advance Residence Investment will acquire RESIDIA Sapporo-Ekimae for ¥1.48 billion, RESIDIA Gosho-Higashi for ¥1.2 billion, RESIDIA Rakuhoku for ¥874 million and RESIDIA Marunouchi for ¥972 million. The full consideration amount will be paid upon delivery.

In related transactions, Advance Residence Investment Corp is acquiring 8 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 27, 2013.

Daiwa Real Estate Appraisal Co., Ltd. acted as real estate appraiser to RESIDIA Sapporo-Ekimae and RESIDIA Marunouchi. Japan Real Estate Institute acted as real estate appraiser to RESIDIA Gosho-Higashi and RESIDIA Rakuhoku. Hai Kokusai Consultant K.K acted as investigator investigation agency.