Comforia Residential REIT, Inc. (TSE:3282) agreed to acquire Leone Ojima Sky Breeze Property from J-REX Corporation Co., Ltd for ¥2.1 billion on June 23, 2016. In a related deal, Comforia Residential REIT, Inc. (TSE:3282) signed an agreement to acquire Apartment Malus and Aden Court Shokubutsuen for ¥2.1 billion on June 23, 2016. The consideration will be paid at the time of delivery. The deals will be funded from borrowings and own funds. Following the completion of the deal, Comforia Residential REIT will change the name of the property to Comforia Ojima. As of June 27, 2016, Comforia Residential REIT decides to precede with the loan of ¥3.2 billion from Mizuho Bank, Ltd., The Bank of Tokyo Mitsubishi UFJ, Sumitomo Mitsui Banking Corporation for the acquisition. The completion is expected on June 30, 2016. The acquisition will have only a minor influence on the earnings forecasts for fiscal period ending July 31, 2016 and January 31, 2017.

Comforia Residential REIT, Inc. (TSE:3282) completed the acquisition of Leone Ojima Sky Breeze Property from J-REX Corporation Co., Ltd on June 30, 2016.