Tosei Reit Investment Corporation
Notice of Change of Master Lease and Property Management Company
Notice regarding change of MLPM contract. The MLPM company for Twin Avenue and two other properties will be changed. Effective date is 2026-10-01, and the impact on forecast distributions is expected to be minimal.
Key Figures
- MLPM change targets: Twin Avenue, Lumiere Building No.3, Rising Place Kawasaki Building No.2
- New MLPM companies: Tosei Community Co., Ltd., ASSETIA Co., Ltd.
- Change effective date: 2026-10-01
AI要約
Overview
This IR announces a change of the master lease and property management (MLPM) company entrusted with the MLPM contracts. The subject properties are Rd-12 Twin Avenue, Rd-14 Lumiere Building No.3, and Rd-18 Rising Place Kawasaki Building No.2. The succeeding MLPM companies will be Tosei Community Co., Ltd. and ASSETIA Co., Ltd. The change will take effect on 2026-10-01. The reason for the change is that the current MLPM company submitted a notice of termination, and the successor companies were selected based on an evaluation that they can provide appropriate and efficient operations and expected improvements in profitability.
Impact and Outlook
The change of MLPM companies is expected to have only a minor impact on the operation and distribution forecasts for the fiscal period ending October 2026 and the fiscal period ending April 2027, and no revisions to the forecast figures are planned. Both Tosei Community Co., Ltd. (a 100% subsidiary of Tosei Co., Ltd.) and Assetia will be treated as related parties and will undergo review and approval before entering into contracts and transactions under the new structure.
Tosei Reit Investment Corporation
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