ORIX JREIT takes on JPY5.9 billion debt to acquire retail property

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Japan’s ORIX JREIT (OJR) Inc has taken debt financing of JPY5.9 billion to partly fund the acquisition of Sendai Minamimachidori Building.

The facility has been arranged between the REIT, Sumitomo Mitsui Trust Bank Limited, with a base rate of 1-month TIBOR + 0.13%.

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