Japanese REIT Nomura Real Estate Master Fund, Inc. (NMF) announced on 18 August 2026 that it will acquire the Best Western Hotel Fino Tokyo Akasaka from Ichiken Co., Ltd. for JPY8.7 billion.
This consideration to be paid by the REIT sits notably below the property's independent appraisal value of JPY10.93billion set as of 1 July 2026 by Japan Valuers Co., Ltd.
The purchase and sales agreement is scheduled to be signed on 20 August 2026, with completion following on 1 September 2026.
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