Advance Residence Investment (JP:3269) has released an update.
Advance Residence Investment Corporation has solidified the interest rates for a 3,000 million yen long-term loan and entered an interest rate swap agreement to hedge against interest rate fluctuations for a separate 2,000 million yen loan. These financial maneuvers are part of the company’s strategy to manage debt efficiently while maintaining a focus on sustainability, as indicated by the green loans obtained from SBI Shinsei Bank and The Yamaguchi Bank. ADR, managed by ITOCHU REIT Management Co., Ltd., is a leading J-REIT in residential properties and is known for stable dividends and a substantial dividend reserve.
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