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(Aug. 27, 2014)
Japan Rental Housing Investments Inc (TSE Code: 8986) acquires a residential property in Tokyo.
| Acquisition | |||
| Property name | Gran Casa Ginza East | ||
| Address | Chuo-ku, Tokyo | ||
| Acquisition price | 2,000 million JPY | ||
| Expected NOI yield | Undisclosed | ||
| Cap rate | 4.7% | ||
| Completion | February 15, 2005 | ||
| Acquisition date | September 1, 2014 | ||
| Seller | G.K. Mileage Two | ||
(Billions of yen)
| 1 | Shinjuku Mitsui Bldg. | 170 |
|---|---|---|
| 2 | IIDABASHI GRAND BLOOM | 139 |
| 3 | Roppongi Hills Mori Tower | 115 |
| 4 | Shiodome Building | 107 |
| 5 | Tokyo Shiodome Building | 83 |
| 1 | Comforia Residential | +2.41% |
|---|---|---|
| 2 | Mitsubishi Estate Logistics | +2.14% |
| 3 | Japan Logistics | +1.88% |
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