Izumi Chuo SS Building (Photo: SOSiLA Logistics REIT)

SOSiLA Logistics REIT, Inc. has agreed to acquire the Izumi Chuo SS Building in Sendai City, Miyagi, for an anticipated JPY2.23 billion.

It marks the REIT's latest push to diversify beyond its core logistics portfolio into industrial property.

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By Rachel Young

Rachel Young is a staff writer for REITsWeek and is based in Singapore. She focuses on REITs listed in the North American and European markets but occasionally covers REITs in the Asia-Pacific region.