Tosei Reit Investment Corporation (TSE:3451) signed a purchase and sale contract to acquire Rising Place Kawasaki Nibankan from Rising Trust Corporation for ¥1.8 billion on October 11, 2018. The consideration will be paid in full on transfer. In a related transaction, Tosei Reit Investment Corporation also agreed to acquire five properties in Japan for ¥8.9 billion. The consideration will be financed from the issuance 0.05 million units via public offering and 2,315 units of Tosei Reit Investment Corporation via private placement amounting to ¥5.1 billion, loans of ¥6 billion and funds on hand. The transaction is expected to complete on November 2, 2018.