Acquisition planned for asset holdings including real estate trust beneficiary rights such as KOKO HOTEL Osaka-Shinsekai, additional acquisition of two anonymous association interests, and planned disposal of Washington R&B Hotel Umeda East. 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Aims to expand portfolio size and improve distribution through internal growth via asset swaps.","jir_summary":"### Overview of this matter\nThis investment trust decided to acquire three planned assets (real estate, etc.) through an asset management company and two anonymous association interests. The assets include the planned acquisition price of KOKO HOTEL Osaka-Shinsekai at 3,926 million yen, two anonymous association interests, and the planned disposal of Washington R&B Hotel Umeda East at 3,010 million yen. The document also notes a policy to allocate a portion of disposal gains to internal reserves.\n\n### Outlook and impact on capital policy\nThrough asset swaps, the company aims to promote internal growth and improve distribution, while prioritizing asset scale and capital efficiency. Assuming use of the swap exemption and internal funds, an increase in net operating income after depreciation (NOI) is anticipated, but careful management is required considering long-term interest rates and market conditions.","jir_financial_highlights":"Acquisition price for planned assets (real estate, etc.): 3,926 million yen (Unknown)\nTotal acquisition interests in anonymous association (real estate-related securities, etc.): 1,679 million yen + 1,000 million yen (Unknown)\nDisposal price for planned asset (Washington R&B Hotel Umeda East): 3,010 million yen (Unknown)","jir_category":"","jir_hashtags":"#StarAsiaRealEstateInvestmentCorporation, #AssetSwap, #PortfolioStrengthening, #AnonymousAssociationInterests","jir_key_figures":"Acquisition price (KOKO HOTEL Osaka-Shinsekai) 3,926 million yen\nAnonymous association interests 1,679 million yen\uff08TK-04\uff09\/ 1,000 million yen\uff08Oak\uff09\nDisposal price (Washington R&B Hotel Umeda East) 3,010 million yen","jir_meta_title":"\u3010Star Asia Real Estate Investment Corporation\u3011Domestic asset swaps decided | KOKO Osaka Shinsekai, etc. | September 2026","jir_meta_description":"Star Asia Real Estate Investment Corporation decides on the 13th asset swap, including acquisition of KOKO HOTEL Osaka Shinsekai and disposal of Washington R&B Hotel Umeda East. Aiming to improve distribution and expand asset scale.","jir_og_title":"Star Asia Real Estate Investment Corporation decides asset swaps","jir_og_description":"Includes planned acquisitions such as KOKO HOTEL Osaka Shinsekai and planned disposal of Washington R&B Hotel Umeda East as part of the 13th asset swap. Targeting internal growth and distribution improvement.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":9132,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"corporate_restructuring","footnotes":""},"sector":[],"importance":[],"class_list":["post-113782","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n