Comforia Residential REIT, Inc 1-1 Minami-Aoyama 1-Chome, Minato-Ku, Tokyo Takehiro Izawa Executive Director (Code: 3282)
January 7, 2020 For Immediate Release Real Estate Investment Trust Securities Issuer: Comforia Residential REIT, Inc 1-1 Minami-Aoyama 1-chome, Minato-ku, Tokyo Takehiro Izawa Executive Director (Code: 3282) Asset Management Company: TLC REIT Management Inc. Hiroyuki Tohmata President & CEO Inquiries: Kentaro Yoshikawa General Manager of Strategy Department Comforia Management Division (TEL: +81-3-6455-3388) Notice Concerning Acquisition of Investment Assets (COMFORIA HIGASHISHINJUKU STATION FRONT and other 5 assets) Comforia Residential REIT, Inc (“CRR”) announces that TLC REIT Management Inc. (“TRM”), to which CRR entrusts management of its assets decided today for CRR to acquire the investment assets as shown below. In addition, the acquisition of investment assets was approved by CRR’s Board of Directors in accordance with the Act on Investment Trusts and Investment Corporations (Act No.198 of 1951. Including subsequent revisions) (“Act on Investment Trusts and Investment Corporations”) and the bylaws of TRM concerning transaction with interested parties. (Please refer to “7. Asset Management Company’s Interested Parties in the Assets to be Acquired”) 1.Summary of Acquisitions Acquisition Price No. Type of Asset Property Name (thousand yen) (Note) Beneficial Interest in 1 Real Estate Trust COMFORIA TAKINOGAWA 3,430,000 Beneficial Interest in COMFORIA HIGASHISHINJUKU 2 5,540,000 Real Estate Trust STATION FRONT Beneficial Interest in 3 Real Estate Trust COMFORIA ESAKAHIROSHIBACHO 1,700,000 Beneficial Interest in 4 Real Estate Trust COMFORIA KIBASHINSUIKOEN 1,294,000 Beneficial Interest in 5 Real Estate Trust COMFORIA NAKAOCHIAI 1,489,000 Beneficial Interest in 6 Real Estate Trust COMFORIA WASEDA DEUX 1,056,000 Total 14,509,000 (Note) “Acquisition Price” denotes the amount exclusive of the various expenses required in the acquisition of the concerned asset, etc.
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