Comforia Residential REIT, Inc. (TSE:3282) agreed to acquire COMFORIA UENOIRIYA, COMFORIA IKEJIRI, COMFORIA SETAGAYAKAMIUMA and COMFORIA KITAHAMA from Tokyu Land Corporation for ¥7.8 billion on January 5, 2018. Comforia Residential REIT, Inc. will acquire COMFORIA UENOIRIYA for ¥2.2 billion, COMFORIA IKEJI for ¥1.3 billion, COMFORIA SETAGAYAKAMIUMA for ¥2.6 billion and COMFORIA KITAHAMA for ¥1.7 bilion. The properties will be bought using proceeds of ¥5.2 billion raised from the issuance of new investment units. The transaction is expected to close at February 2, 2018. DAIWA REAL ESTATE APPRAISAL CO., LTD acted as as appraiser for properties in the transaction.