Comforia Residential REIT, Inc. (TSE:3282) agreed to acquire Comforia Akihabara East, Comforia Kamata, Comforia Shinsaibashi East, Comforia Kyomachibori and Comforia Awaza from Tokyu Land Corporation and an unknown seller for ¥15 billion on January 5, 2017. 70% interest in Comforia Shinsaibashi East will be acquired from an unknown seller. The acquisition price for Comforia Akihabara East is ¥4.4 billion, Comforia Kamata is ¥5.7 billion, Comforia Shinsaibashi East is ¥2 billion, Comforia Kyomachibori is ¥1.6 billion and Comforia Awaza is ¥1.3 billion. Comforia Residential REIT, Inc. will fund the acquisition from the issuance of new investment units and certain borrowings. Japan Real Estate Institute acted as an appraiser for Comforia Akihabara East, Comforia Kamata, Comforia Shinsaibashi East, Comforia Kyomachibori and Comforia Awaza. The transaction was approved by the Board of Comforia Residential REIT, Inc. and is expected to complete on February 2, 2017.