Industrial & Infrastructure Fund Investment Corporation Completes Acquisition Of Atsugi Manufacturing Center June 2, 2020 — Industrial & Infrastructure Fund Investment Corporation (IIF) announced that IIF completed the acquisition of one of the five properties that it plans to acquire as previously announced in the press release titled “IIF to Acquire and Lease Five Properties in […]
Fukuoka REIT Corporation Completes Acquisition Of Higashi Hie Business Center III June 1, 2020 — Fukuoka REIT Corporation announced that it has completed the acquisition of the following property. Overview of Acquisition1) Type of asset for acquisition: Real estate trust beneficiary interest (Trustee: Mitsubishi UFJ Trust and Banking Corporation) 2) Property name: Higashi Hie Business
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Fukuoka REIT Asset Manager Appoints New Director May 29, 2020 — Fukuoka REIT Corporation (FRC) announced the details of the retirement of a director at Fukuoka Realty Co., Ltd. (FR), a licensed asset management company retained by FRC to provide asset management services, as well as a resolution made at FR’s Board of Directors’ meeting
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Ichigo Office Announced Fixed Interest Rate For New Loan May 28, 2020 — Ichigo Office announced that it has fixed the interest rates for the first payment date of the two loans announced in the May 25, 2020 release as “New Loans.” Ichigo Office also executed an interest rate swap to lock in the interest
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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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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
Ichigo Office REIT Announces Decision To Borrow 5 Billion Yen For Loan Repayment May 26, 2020 — Ichigo Office announced that it has decided to borrow funds via new loans. The new loans will be used to repay an existing loan (JPY 5,049 million) The loan is split into two tranches. The first has a
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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 Reason for the issuance
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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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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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