Comforia Residential REIT, Inc (TSE:3282) agreed to acquire Trust Beneficial Interest in CAMPUS VILLAGE AKATSUKA-SHINMACHI from Tokyu Land Corporation and Nippon Steel Kowa Real Estate Co., Ltd. for ¥2.3 billion on October 26, 2022. As part of the transaction, Comforia Residential will acquire 60% stake from Tokyu Land Corporation for ¥1.37 million and 40% stake from Nippon Steel Kowa Real Estate Co., Ltd. for ¥0.91 million. The agreement will be singed on October 27, 2022. Comforia Residential plans to purchase the asset using borrowings and cash on hand and shall pay 5% of the acquisition price as a penalty for breach of sales contract.

Comforia Residential REIT, Inc (TSE:3282) completed the acquisition of Trust Beneficial Interest in CAMPUS VILLAGE AKATSUKA-SHINMACHI from Tokyu Land Corporation and Nippon Steel Kowa Real Estate Co., Ltd. on April 5, 2023.