Starts Proceed Investment Corporation (TSE:8979) agreed to acquire Proceed Nagareyama Otakanomori from Starts Corporation Inc. (TSE:8850) for ¥1.1 billion on April 22, 2021. In a related transaction, Starts Development Corporation agreed to acquire Proceed Yachiyo Midorigaoka I and Proceed Yachiyo Midorigaoka II from Starts Proceed Investment Corporation for approximately ¥ 790 million. The acquisition financing is scheduled to be the funds from the disposition of the Assets to Be Disposed and cash on hand.

For the year ended December 31, 2020, Proceed Nagareyama Otakanomori had operating revenue of ¥64.56 million, net operating income of ¥47.35 million and net income of ¥47.45 million. The planned contract conclusion date and the planned acquisition date is April 27, 2021.