One REIT, Inc.
Notice of Acquisition and Lease of Domestic Real Estate Trust Beneficial Interest (OKINAWA GRAND MER RESORT)
The asset to be acquired is Okinawa Grand Mer Resort (H-8). The scheduled acquisition price is 5,555 million yen and the appraisal value is 6,880 million yen. The acquisition date and settlement date are both scheduled for 2026-09-30. The NOI yield is 7.63%, higher than the portfolio-wide NOI yield. The usage composition will shift to 72.4% office and 27.6% hotel. The tenant is KPG HOTEL & RESORT, leased area is 24,243.44 sqm, and occupancy rate is 100%.
Key Figures
- Scheduled acquisition price of the asset to be acquired: 5,555 million yen
- Appraisal value: 6,880 million yen
- NOI yield: 7.63% (appraisal NOI yield)
- PML value: 3.0%
AI要約
Overview of the Asset to be Acquired
Acquisition of OKINAWA GRAND MER RESORT is scheduled. The acquisition price for the trust beneficial interest is 5,555 million yen, and the appraisal value is 6,880 million yen. The acquisition agreement is scheduled for 2026-09-29, with settlement scheduled for 2026-09-30. The property is located in Okinawa City and is operated as an accommodation facility. The tenant is KPG HOTEL & RESORT, with an occupancy rate of 100% and leasable area of 24,243.44 sqm. The PML value is disclosed as 3.0%.
Impact on Investors and Future Outlook
The acquired asset is expected to yield a portfolio NOI return of 7.63%, exceeding existing assets, and is expected to improve portfolio yield and increase investor value. The allocation by use is expected to be 72.4% office and 27.6% hotel. The tenant is currently stable and conforms to conditions reported in May 2026. Future management outlooks refer to revisions to distribution forecasts for the fiscal periods ending February 2027 and August 2027.
One REIT, Inc.
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