Sekisui House Reit, Inc. (TSE:3309) agreed to acquire Trust Beneficiary Interest in The Ritz-Carlton, Kyoto from Sekisui House, Ltd. (TSE:1928) for ¥17.8 billion on January 29, 2019. Sekisui House Reit, Inc will pay the consideration at the time of delivery. In a related transaction Sekisui House Reit, Inc. entered into an agreement to acquire Trust Beneficiary Interest in MAST Ijiri.

Sekisui House Reit, Inc will fund the transaction from cash on hand and loan. Sekisui House Reit, Inc. secured a short term loan of ¥17 billion to finance the acquisitions. The transaction is expected to close on January 31, 2019.

Richi Appraisal Institute Co., Ltd. acted as appraiser to the property.