KDX Realty Secures Funding for Property Acquisition

Kenedix Office Investment Corporation (JP:8972) has released an update.

KDX Realty Investment Corporation has announced a new debt financing initiative, securing 2,700 million yen to fund the acquisition of KDX Residence Higashiyukigaya. This financial move, scheduled for late September 2024, will bring the company’s total long-term borrowings to 511,150 million yen. The financing details, including interest rates and repayment terms, have been outlined, with the full amount due by October 2031.

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