{"id":123156,"date":"2026-09-25T15:57:05","date_gmt":"2026-09-25T06:57:05","guid":{"rendered":"https:\/\/japanir.jp\/en\/ir\/2972-20260925-04_wp_tender_offer\/"},"modified":"2026-09-25T15:57:05","modified_gmt":"2026-09-25T06:57:05","slug":"2972-20260925-04_wp_tender_offer","status":"publish","type":"ir_release","link":"https:\/\/japanir.jp\/en\/company\/company-2972\/ir\/2972-20260925-04_wp_tender_offer\/","title":{"rendered":"Notice Regarding the Tender Offer by City Index Fifth for SANKEI REAL ESTATE Investment Trust"},"content":{"rendered":"<p>INTEL Group, which is conducting the tender offer, announces its plan to acquire all units of this REIT and delist it. The offer price is 125,000 yen per unit, the period is from 2026\/9\/28 to 2026\/11\/10, and the minimum number of units to be acquired is 118,732. The Special Committee has established measures to ensure fairness and expresses support, while leaving the decision to investors. The summary also describes forthcoming procedures, such as considerations on structural requirements and timing of squeeze-out procedures.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"2972","jir_company_name":"SANKEI REAL ESTATE Inc.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-09-25","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/09\/2972-20260925-04.pdf","jir_short_summary":"INTEL Group, which is conducting the tender offer, announces its plan to acquire all units of this REIT and delist it. The offer price is 125,000 yen per unit, the period is from 2026\/9\/28 to 2026\/11\/10, and the minimum number of units to be acquired is 118,732. The Special Committee has established measures to ensure fairness and expresses support, while leaving the decision to investors. The summary also describes forthcoming procedures, such as considerations on structural requirements and timing of squeeze-out procedures.","jir_summary":"### Overview of this Tender Offer\nThe offeror states its plan to acquire all units of SANKEI REAL ESTATE Inc. to delist the REIT. The offer price is 125,000 yen per unit, the offer period is from September 28, 2026 to November 10, 2026 (30 business days), and the minimum number of units to be acquired is 118,732. The total holdings by related parties amount to 29.90%, and the background to the minimum setting is to ensure control over the process.\n\n### Fairness, Governance, and Future Policy\nThe REIT has established an independent Special Committee and has appointed Mizuho Securities as Financial Advisor and Nagashima Ohno & Tsuno as Legal Advisor. The Committee carries out fairness measures and adopts a favorable stance, but acceptance of the offer is left to the investors. After the offer succeeds, the company will consider squeeze-out procedures, and there is a possibility of delisting from the market.","jir_financial_highlights":"Acquisition price and related terms: 125,000 yen (Unknown)\nOffer period: September 28, 2026\u301cNovember 10, 2026 (Unknown)\nMinimum number of shares to be acquired: 118,732 shares (Unknown)\nIssued shares: 467,099 shares (YoY unknown)","jir_category":"","jir_hashtags":"#SANKEI REAL ESTATE Inc., #TOB, #CapitalPolicy","jir_key_figures":"Acquisition price: 125,000 yen\nOffer period: September 28, 2026\u301cNovember 10, 2026\nMinimum number of shares to be acquired: 118,732 shares","jir_meta_title":"SANKEI REAL ESTATE Inc. Tender Offer Commencement Notice | 2026-09-25","jir_meta_description":"Summary of the tender offer for SANKEI REAL ESTATE Inc.: offer price, period, minimum share count, independence committee's fairness measures, etc. Providing essential information to investors.","jir_og_title":"SANKEI REAL ESTATE Inc. Tender Offer Commencement Notice","jir_og_description":"Tender offer price 125,000 yen, period 30 business days, minimum of 118,732 shares. Explains fairness measures by the independent committee and advisers.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":17224,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-123156","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Notice Regarding the Tender Offer by City Index Fifth for SANKEI REAL ESTATE Investment Trust - Japan IR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/japanir.jp\/en\/company\/company-2972\/ir\/2972-20260925-04_wp_tender_offer\/\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/japanir.jp\/en\/company\/company-2972\/ir\/2972-20260925-04_wp_tender_offer\/\",\"url\":\"https:\/\/japanir.jp\/en\/company\/company-2972\/ir\/2972-20260925-04_wp_tender_offer\/\",\"name\":\"Notice Regarding the Tender Offer by City Index Fifth for SANKEI REAL ESTATE Investment Trust - 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