Sekisui House Reit, Inc.
Notice of Acquisition of Domestic Real Estate Trust Beneficial Interest (Estimeison Hachioji)
To strengthen its residential portfolio in the Tokyo area, the trust beneficial interest of Estimeison Hachioji will be acquired for 2,650 million yen. Acquisition date is 2026-11-13, NOI yield 4.4% / post-depreciation 3.5%, occupancy rate 93.6%, with minimal impact on the fiscal year ending October 2026 and fiscal year 2027.
Key Figures
- Planned acquisition price: 2,650 million yen
- Appraised value: 3,010 million yen
- NOI yield: 4.4% / NOI yield (post-depreciation): 3.5%
- Occupancy rate: 93.6%
- Acquisition date: 2026-11-13
AI要約
Acquisition Overview
The trust intends to acquire the trust beneficial interest of Estimeison Hachioji through its asset manager. The planned acquisition price is 2,650 million yen, with an appraised value of 3,010 million yen and an NOI yield of 4.4% (post-depreciation 3.5%). The acquisition date is 2026-11-13, and the acquisition will be funded with the trust's own funds. The property is located in Hachioji City, Tokyo, consisting of 13 above-ground floors and 49 units of residential and retail space; after purchase, the asset will undergo a notification period followed by a planned brand change.
Investment Purpose and Impact
The acquisition aims to enhance the residential portfolio and strengthen the income base in the Tokyo area. The occupancy rate is 93.6% (as of the end of September 2026), and rental levels are assumed based on current contracts' average rents. The impact on results is expected to be negligible for the fiscal year ending October 2026 (Fiscal Period 24) and minor for the fiscal year ending April 2027 (Fiscal Period 25). Considering the difference between the appraised value and the acquisition price, long-term cash flow generation is anticipated.
Sekisui House Reit, Inc.
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