Sekisui House Reit (JP:3309) has released an update.
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Sekisui House Reit, Inc. is set to enhance its residential portfolio in the Greater Tokyo area with the acquisition of two properties, Esty Maison Myoden and Esty Maison Urawa, for a combined total of 2,660 million yen. These acquisitions, scheduled for September 30, 2024, aim to bolster the company’s earnings base by tapping into demand from families and DINKS (Dual Income, No Kids) seeking quality living environments with convenient city access. Both properties offer features such as automatic locks and delivery boxes, with potential for value enhancement and internal growth.
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