Advance Residence Investment ( (JP:3269) ) has provided an update.
Advance Residence Investment Corporation has announced the acquisition of RESIDIA Minamisunamachi, a real estate asset in Tokyo, as part of its growth strategy. The acquisition, valued at 705 million yen, aims to enhance the company’s portfolio through diversification and increased asset size, with an expected yield after depreciation of 3.8%.
More about Advance Residence Investment
Advance Residence Investment Corporation is a real estate investment trust (REIT) focused on acquiring and managing residential properties in Japan. The company is managed by ITOCHU REIT Management Co., Ltd., which is responsible for executing the corporation’s asset management strategies.
YTD Price Performance: 21.62%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.74B
Learn more about 3269 stock on TipRanks’ Stock Analysis page.