United Urban Investment Corporation Acquires Kobe Toyahama Logistics Center
April 17, 2020 — United Urban Investment Corporation (United Urban) announced that Japan REIT Advisors Co., Ltd. (JRA) — the asset management company to which United Urban entrusts asset management services — decided to acquire the property as set forth below.
|Property Number||Type of Use (Note 1)||Property Name||Location||Scheduled Acquisition Price (Note 2)||Estimated NOI Yield (Note 3)||Estimated NOI Yield After Depreciation(Note 4)||Scheduled Acquisition Date|
|E16||Other (warehouse)||Kobe Toyahama Logistics Center||Kobe, Hyogo||¥1,300 million||6.2%||5.2%||April 17, 2020|
United Urban said it will acquire the asset for the purpose of further enhancing its portfolio.
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