Japan-listed residential REIT Samty Residential Investment Corporation is disposing of its asset in Aichi at a 30% premium above its book value.
The asset, S‐FORT Kurumamichi, is being disposed of at JPY530 million, about JPY128 million above its independently appraised value.
S-FORT Kurumamichi is a seven-storey asset with 19 residential units and it is fully occupied.
The buyer of the asset has not been disclosed by the REIT.
Dear members, please login to continue reading this article.