Advance Residence Investment Corporation (TSE:3269) agreed to acquire trust beneficiary rights of six properties from G. K. RISING4 for ¥9.1 billion on January 29, 2015. In a related transaction, Advance Residence Investment Corporation (TSE:3269) agreed to acquire trust beneficiary rights of three properties from ITOCHU Corporation (TSE:8001) for ¥4.5 billion. Advance Residence Investment will acquire Chester Court Ochanomizu, RESIDIA Kanda-Iwamotocho II, RESIDIA Shinagawa, RESIDIA Akihabara, RESIDIA Asakusa-Azumabashi, and RESIDIA Nihonbashi-Bakurocho III from G. K. RISING4. The transaction will be financed by the funds procured by borrowing or cash on hand.

Chester Court Ochanomizu reported net operating income of ¥0.16 million, RESIDIA Kanda-Iwamotocho II reported net operating income of ¥0.07 million, RESIDIA Shinagawa reported net operating income of ¥0.05 million, RESIDIA Akihabara reported net operating income of ¥0.05 million, RESIDIA Asakusa-Azumabashi reported net operating income of ¥0.05 million, and RESIDIA Nihonbashi-Bakurocho III reported net operating income of ¥0.1 million as at December 1, 2014. The transaction is expected to be completed by April 14, 2015. Japan Real Estate Institute acted as appraiser in the transaction.