Sekisui House Reit (JP:3309) has released an update.
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Sekisui House Reit, Inc. has announced the acquisition of two residential properties, Prime Maison Morishita WEST in Tokyo and Prime Maison Yokohama WEST in Kanagawa, for a combined total of 15,550 million yen with a 3.1% appraisal NOI yield after depreciation. This strategic move aims to strengthen the company’s residential portfolio and enhance its earnings base in the Greater Tokyo area. Both properties offer excellent transport links, desirable location characteristics, and modern facilities expected to attract stable rental demand from singles and DINKS.
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