Tosei Reit Investment Corporation announced a private placement of 3,100 units at a price of ¥131,300 per unit for gross proceeds of ¥407,030,000 on June 16, 2023. The transaction will include participation from returning investor Tosei Corporation through third-party allotment to increase its stake holding in the company from 14.39% to 15.12%. The transaction has been approved in the Board of Directors' Meeting of the company.

The payment date is on June 28, 2023. The company will receive net proceeds of ¥407,030,000 post the deduction of issuance expenses.