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Japan

Tokyu Land Corporation Acquires Additional Activia Properties Inc. Investment Units May 27, 2020 — Activia Properties Inc. (“API”) announced that it has received from Tokyu Land Corporation [the sponsor (the “Sponsor”) of TLC REIT Management Inc. (“TRM”), to which API entrusts its asset management operations] a notice of additional acquisition of API’s investment units of …

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Japan real estate

Invincible Investment Corporation Expects Lower Revenue Per Available Room Despite Japan’s Easing Restrictions May 26, 2020 — Invincible Investment Corporation reported that its domestic hotel portfolio performance for the month of April 2020 has shown year- over- year declines in Occupancy of 60.8pt and revenue per available room (RevPar) of 83.4% due to travel restrictions …

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Daiwa House REIT Investment Corporation Issues Green Bonds May 22, 2020 — Daiwa House REIT Investment Corporation announced that it has decided to issue investment corporation bonds (Green Bonds) based on the comprehensive resolution at the board of directors’ meeting held on April 16, 2020. Overview of the investment corporation bonds 5-year bonds 10-year bonds …

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Fukuoka REIT Resumes Operations In 4 Properties May 19, 2020 — Earlier, Fukuoka REIT Corporation announced that it would temporarily suspend operations at some of the retail properties it owns, as described below, in its press release “Notice Concerning Temporary Closure of Facilities, Etc. Associated with Measures to Prevent Spread of COVID-19 Infection” dated April …

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Japan real estate

ORIX JREIT Announces New Debt Financing May 13, 2020 — ORIX JREIT Inc. (OJR) announced that its asset management company, ORIX Asset Management Corporation, determined the prepayment of short-term loan and new debt financing to enhance financial stability in view of COVID-19 impact. The total amount of debt financing is at JPY 6.8 billion with …

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Japan Prime Realty Investment Corporation Announces Resignation Of Company Director April 29, 2020 — Japan Prime Realty Investment Corporation (JPR) announced that Tokyo Realty Investment Management, Inc. (TRIM), the asset management company to which JPR entrusts management of its assets, today, has received and accepted the resignation request from its director. Retiring Director’s Nobuo Tamamizu …

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