Advance Residence REIT buys RESIDIA Sakura-shimmachi for 1.6 billion yen

Reuters2026/08/26 07:35

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Advance Residence Investment will buy RESIDIA Sakura-shimmachi for JPY 1.6 billion in the 33rd fiscal period ending Jan. 31, 2027.
Deal is set to close Sept. 30, 2026. The asset is in Setagaya, Tokyo. Appraisal value stands at JPY 1.74 billion.
Funding will come from cash on hand. The property’s indicated NOI yield is 4.2%.
It will sell RESIDIA Tenjinbashi for JPY 1.23 billion, versus a book value of JPY 728 million, with closing targeted Sept. 30.
The transaction is expected to generate an about JPY 488 million gain on sale. Management sees negligible forecast impact.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Advance Residence Investment Corporation published the original content used to generate this news brief on August 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Advance Residence REIT buys RESIDIA Sakura-shimmachi for 1.6 billion yen

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