Ooedo Onsen Reit Investment Corporation (TSE:3472) signed a purchase and sale contract to acquire Kinugawa Kanko Hotel and Ooedo Onsen Monogarati Kinosaki and Ooedo Onsen Monogatari Higashiyama from Ooedo Onsen Monogatari Co.,Ltd. for ¥5.1 billion on November 9, 2017. Under the transaction, Ooedo Onsen Reit Investment Corporation will acquire Kinugawa Kanko Hotel, Ooedo Onsen Monogarati Kinosaki and Ooedo Onsen Monogatari Higashiyama for ¥3.9 billion, ¥2.1 billion and ¥1.2 billion respectively. The consideration will be paid in full on transfer. In a related transaction, Ooedo Onsen Reit Investment Corporation signed a purchase and sale contract to acquire Ooedo Onsen Monogatari Nagasaki Hotel Seifu and Ooedo Onsen Monodatari Kounkaku on November 9, 2017. Ooedo Onsen Reit will use proceeds from the issuance of new investment units, loans and funds on hand for the acquisition. For funding the transaction, Ooedo Onsen Reit will take out loans of ¥5.91 billion and will raise up to ¥4.92 billion via public offering and private placement. The transaction is expected to complete on December 4, 2017. Ooedo Onsen Reit Investment Corporation (TSE:3472) completed the acquisition of Kinugawa Kanko Hotel and Ooedo Onsen Monogarati Kinosaki and Ooedo Onsen Monogatari Higashiyama from Ooedo Onsen Monogatari Co.,Ltd. on December 4, 2017.