Parkway Life REIT (PLife REIT) has announced the acquisition of two nursing homes for JPY4,100 million (SGD49.4 million).

The properties are namely, Will-Mark Kashiihama, located in Fukuoka City, Fukuoka Prefecture, and Crea Adachi, located in Adachi City, Tokyo Prefecture.

The assets are being acquired from Kabushiki Kaisha Strawberry Firm and Kabushiki Kaisha Anthebliss.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.