Sekisui House Reit (JP:3309) has released an update.
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Sekisui House Reit, Inc. has entered into a forward exchange contract with Nomura Securities to hedge against currency risk for an upcoming overseas real estate acquisition. The contract locks in an exchange rate for 90% of the property’s planned purchase price of 251 million USD. This strategic financial move is aimed at mitigating the potential impact of USD-JPY exchange rate fluctuations until the acquisition date on November 15, 2024.
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