[Sankei Real Estate] Tender Offer Not Successful | May 19, 2026

Overview of the Tender Offer

The tender offer for Sankei Real Estate Investment Corporation units by Tiger Investment Limited Liability Partnership and Lion Investment Limited Liability Partnership was conducted from January 7, 2026, to May 18, 2026. The planned purchase was for 467,099 units, with a lower limit set at 247,563 units. However, the total number of bidding units was only 138,376 units, and the offer was not concluded. The purchase price was 125,000 yen per unit, with the offer aiming for each bidder to acquire 50% of the bidding units. As a result of the tender offer, the purchase was not carried out, and the investment corporation will continue to maintain its listing and operation.

Future Policies and Outlook

Since the tender offer was unsuccessful, the investment corporation will continue its current operations. Specific future policies will be announced separately. The investment corporation intends to continue maintaining its listing and prioritize maximizing investor利益.