Daiwa House REIT Investment Corporation plans to acquire the residential facility \u201cCastalia Nishi-Funabashi II\u201d in Funabashi City, Chiba Prefecture, at a scheduled acquisition price of JPY 2,662.5 million on February 27, 2026; the appraisal value is JPY 2,950 million, and the confirmed NOI yield is 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Corporation","jir_importance":"\u2605\u2605\u2605\u2606\u2606","jir_publication_date":"2026-02-20","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/02\/8984-20260220-01.pdf","jir_short_summary":"Daiwa House REIT Investment Corporation plans to acquire the residential facility \u201cCastalia Nishi-Funabashi II\u201d in Funabashi City, Chiba Prefecture, at a scheduled acquisition price of JPY 2,662.5 million on February 27, 2026; the appraisal value is JPY 2,950 million, and the confirmed NOI yield is 4.6%.","jir_summary":"### Overview of the Acquired Asset\nDaiwa House REIT Investment Corporation plans to acquire the real estate trust beneficiary interest in the residential facility \u201cCastalia Nishi-Funabashi II\u201d located in Funabashi City, Chiba Prefecture, on February 27, 2026. The acquisition price is JPY 2,662.5 million, representing a reduction of JPY 62.5 million from the scheduled price as of November 25, 2024. The property is a five-story reinforced concrete structure with a total floor area of 5,462.48\u33a1. The trust period extends until February 29, 2036. The appraisal value is confirmed at JPY 2,950 million (as of January 31, 2026), and the NOI yield is fixed at 4.6%. The leasable area is 4,090.34\u33a1; although the building is completed, it is currently non-operational, so occupancy rate is not stated.\n\n### Seller and Future Outlook\nThe seller is Mizuho Marubeni Leasing Co., Ltd., with no capital, personnel, or transactional relationships with this investment corporation or the asset management company. Acquisition funds will be covered by internal reserves. The acquisition contract is scheduled to be executed on February 27, 2026. The operation status of the acquired asset is already incorporated into forecasts for the fiscal periods ending February and August 2026, with no forecast revisions anticipated.","jir_financial_highlights":"Scheduled Acquisition Price: JPY 2,662.5 million (Reduced by JPY 62.5 million from the scheduled price as of November 25, 2024)\nAppraisal Value: JPY 2,950 million (Increased from JPY 2,830 million as of October 31, 2024)\nNOI Yield: 4.6% (Up from 4.3% as of November 25, 2024)","jir_category":"","jir_hashtags":"#DaiwaHouseREITInvestmentCorporation, #BusinessUpdate, #RealEstateTrustBeneficiaryInterestAcquisition","jir_key_figures":"Scheduled Acquisition Price: JPY 2,662.5 million (scheduled acquisition on February 27, 2026)\nAppraisal Value: JPY 2,950 million (as of January 31, 2026)\nNOI Yield: 4.6%","jir_meta_title":"Daiwa House REIT Investment Corporation Confirms Acquisition Price of JPY 2,662.5 Million for Castalia Nishi-Funabashi II with NOI Yield of 4.6%","jir_meta_description":"Daiwa House REIT Investment Corporation plans to acquire the real estate trust beneficiary interest of the residential facility \u201cCastalia Nishi-Funabashi II\u201d in Funabashi City, Chiba Prefecture, at a scheduled acquisition price of JPY 2,662.5 million on February 27, 2026. The appraisal value is JPY 2,950 million, with a confirmed NOI yield of 4.6%.","jir_og_title":"Daiwa House REIT Announces Finalization of Acquisition Price for Castalia Nishi-Funabashi II","jir_og_description":"Daiwa House REIT Investment Corporation has finalized the acquisition price for \u201cCastalia Nishi-Funabashi II\u201d at JPY 2,662.5 million, with acquisition scheduled on February 27, 2026.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":7746,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"business_update","footnotes":""},"sector":[],"importance":[],"class_list":["post-30476","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n