KDX Realty Investment Corporation
Supplementary Explanation Materials Regarding the Press Release Published Today: Notification Concerning Acquisition (1 Residential Facility) and Disposal (1 Office Building) of Domestic Real Estate Trust Beneficiary Interests
Scheduled acquisition of the residential facility 'KDX Residence Mizue' for approximately JPY 2.55 billion. Scheduled disposal of the office building 'Shintoshin Maruzen Building' for approximately JPY 2.072 billion. Both transactions are planned for April 1 and April 3, 2026 respectively.
Key Figures
- Acquisition Price of Residential Facility: 2,550 million JPY
- Scheduled Disposal Price of Office Building: 2,072 million JPY
- Occupancy Rate of Residential Facility: 93.7%
AI要約
Overview of Acquired Asset
The residential facility 'KDX Residence Mizue,' scheduled for acquisition on April 1, 2026, is located in Edogawa-ku, Tokyo. It is a newly built (less than one year old) designer rental apartment. The rentable units total 64, with a scheduled acquisition price of JPY 2.55 billion, an appraised value of JPY 2.81 billion, an appraised NOI yield of 4.1%, and an occupancy rate of 93.7%. It is a 7-minute walk from Mizue Station on the Toei Shinjuku Line, providing direct access to Shinjuku Station in approximately 30 minutes, accommodating a wide rental demand from singles to families.
Overview of Disposed Asset and Asset Replacement Policy
The office building 'Shintoshin Maruzen Building,' scheduled for disposal on April 3, 2026, is a 35-year-old sectional ownership property. The scheduled disposal price is JPY 2.072 billion, appraised value is JPY 1.72 billion, and book value is estimated at JPY 1.989 billion. Due to expected decline in competitiveness and profitability caused by low yield levels and increased repair costs, the disposal decision was made to mitigate risks. This enables proactive asset replacement focusing on growth potential, aiming to enhance portfolio profitability.
