Advance Residence Investment buys two Tokyo rental properties for JPY 2.36 billion

Reuters2026/08/28 08:33

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Advance Residence Investment completed the purchase of two Tokyo rental assets, RESIDIA Higashinippori and RESIDIA Kameido II.
Transaction value totals JPY 2.36 billion, split between JPY 1.2 billion and JPY 1.16 billion.
Appraisal values total JPY 2.55 billion; implied purchase discounts were 96.8% and 88.5% of appraisal.
Target NOI yield was 3.9% for each property; yield after depreciation was 3.2% and 3.3%.
Funding set through borrowings, cash on hand; acquisition closing scheduled for Aug. 28 or a later agreed date.

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 28, 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 Investment buys two Tokyo rental properties for JPY 2.36 billion

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