AEON REIT Investment Corporation entered into an agreement to acquire AEON Chigasaki-Chuo Shopping Center from Sumitomo Mitsui Finance and Leasing Company, Limited for ¥6.4 billion in cash on January 18, 2016. The acquisitions will be financed from net proceeds from the issuance of new investment units, debt financing and cash on hand. Debt financing of approximately ¥25.5 billion is provided by a syndicate of lenders arranged by Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation and Sumitomo Mitsui Trust Bank, Limited. Approximately ¥28.4 billion will be raised in equity financing through domestic primary offering, international offering and issuance of new investment units through the third-party allotment. In related deals, AEON REIT Investment Corporation entered into agreements to acquire AEON MALL Chiba-Newtown, Daiei-Kawasaki Process Center, AEON MALL Yamatokoriyama and AEON MALL Kofu Showa.

AEON Chigasaki-Chuo Shopping Center reported ¥447 million of revenues for the year ending December 31, 2015. AEON Delight Co., Ltd. will manage AEON Chigasaki-Chuo Shopping Center after the transaction. The transaction is expected to close on May 31, 2016. Japan Real Estate Institute acted as appraiser for AEON Chigasaki-Chuo Shopping Center, AEON MALL Yamatokoriyama and AEON MALL Kofu Showa properties.