Ichigo Office Reit Investment Corporation Asset Sale Announcement | June 2026

Overview of Asset Sale

Ichigo Office Reit Investment Corporation has decided to sell four properties—Ichigo Hanzomon Building, Nishi-Ikebukuro Building, Kudan Building, and Ningyocho Building—at a total of 14,220 million yen. These properties have been in use for over 35 years since completion, and the decision to sell was made due to increasing repair costs and profitability considerations. The expected gains from sale are approximately 5,866 million yen, which will be returned to investors. The sale prices significantly surpass appraisal and book values, representing a strategic decision to reinvest assets and fund growth investments.

Future Outlook and Asset Portfolio

Post-sale, the portfolio will predominantly consist of office properties in the six central wards of Tokyo, accounting for 98.2% of the total holdings. The gains from the sale are expected to positively influence the operational forecast for the October 2026 period, contributing to increased distributions and efficient asset management. Proceeds will be strategically utilized for future growth investments and asset acquisitions, with the aim of maximizing investor value.