Heiwa Real Estate REIT, Inc.
Notice Regarding Acquisition of Domestic Asset (Nagoya Heiwa Building)
Heiwa Real Estate Investment Corporation plans to acquire the Nagoya Heiwa Building (70% trust beneficiary interest) located in Nagoya City, Aichi Prefecture, for 5,110 million yen. The acquisition date is scheduled for 2026-03-02.
Key Figures
- Scheduled Acquisition Price: 5,110 million yen (70% trust beneficiary interest)
- Appraised Value: 5,453 million yen (as of 2026-01-01)
- NOI Yield: 4.0% (calculated by applying the 70% co-ownership share)
AI要約
Overview of Acquired Asset
Heiwa Real Estate Investment Corporation plans to acquire a 70% trust beneficiary interest (co-ownership share) in the Nagoya Heiwa Building located in Sakae 3-chome, Naka-ku, Nagoya City for 5,110 million yen. The property is an eight-story steel and steel-reinforced concrete building with a total floor area of 6,275.29 m² (proportional share). It features excellent transportation access, with a rentable area of 4,043.40 m² and a 100% occupancy rate. The rent gap ratio is -10.2%, indicating potential for rent increases. The acquisition is scheduled for 2026-03-02, and the purchase will be settled using borrowings and internal funds.
Acquisition Rationale and Outlook
Nagoya Heiwa Building is located in the Sakae area, a major commercial district in Nagoya City, offering superior transportation convenience and high-level facilities. The sponsor company, Heiwa Real Estate Co., Ltd., owns multiple properties in the same area, enabling operational synergies. The NOI yield is 4.0%, with an anticipated unrealized gain of 343 million yen, supporting internal growth expectations. The acquisition is expected to have a minimal impact on the operational forecast for the fiscal periods ending May and November 2026, with no revisions to the forecasted operating status.
