Tosei Reit Investment Corporation announced a private placement of 21,000 units at a price of ¥137,084 per unit for gross proceeds of ¥2,878,764,000 on December 15, 2021. The transaction will include participation from returning investor Tosei Corporation through third-party allotment to increase its stake holding in the company from 9.12% to 14.4%. The transaction has been approved in the Board of Directors' Meeting of the company.

The payment date is on December 23, 2021. The company will receive net proceeds of ¥2,859,764,000 post the deduction of issuance expenses.