Japan Logistics Fund, Inc. (JP:8967) has released an update.
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Japan Logistics Fund, Inc. has successfully acquired the Settsu Logistics Center for 862 million yen, a price significantly below its appraised value of 1,710 million yen. This acquisition showcases a substantial discount of 49.6% from the property’s appraisal value. The property’s appraisal net operating income (NOI) yield based on the purchase price is 10.9%, and adjustments for upcoming repair costs estimate the yield at 10.0%.
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