Japan Metropolitan Fund Investment Corporation
Notice Regarding Acquisition of Domestic Real Estate Trust Beneficial Interest [JMF Building Shin-Yokohama 01]
Announces planned acquisition of a high-occupancy office in the Shin-Yokohama area. Acquisition price is 9,200 hundred million yen, appraised value is 10,600 hundred million yen. Expected NOI yield is 4.1%. Seeks NOI upside through rent increases going forward.
Key Figures
- Acquisition Price: 9,200 hundred million yen
- Appraised Value: 10,600 hundred million yen
- Total Rental Income (Annual): 423 million yen
AI要約
Overview and Purpose of Acquisition
Japan Metropolitan Fund Investment Corporation announced that its asset manager, KJR Management, has decided to acquire the domestic real estate trust beneficial interest of JMF Building Shin-Yokohama 01. The property is a high-occupancy office in the Shin-Yokohama area, with a high concentration of semiconductor-related companies, expected to provide stable rental income and medium- to long-term NOI growth. The acquisition price is 9,200 hundred million yen, and the appraised value is 10,600 hundred million yen. The assumed post-acquisition NOI yield is 4.1%.
Outlook and Impact
After acquisition, the plan aims to raise the NOI yield to 4.5% reflecting confirmed rent increases at this time, and to 4.8% over the long term. There is expected to be no impact on the fiscal period ending August 2026, and only minor impact on the fiscal period ending February 2027; detailed disclosure will be made in the financial summary.
Japan Metropolitan Fund Investment Corporation
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