Comforia Residential REIT, Inc (TSE:3282) agreed to acquire beneficial interest in real estate trust of Comforia Asakusakomagata from Godo Kaisha Residence 5 for ¥1.3 billion on January 7, 2019. As per terms, Comforia Residential REIT, Inc will pay consideration in cash at the time of delivery. In related transactions, Comforia Residential REIT, Inc agreed to acquire 8 other beneficial interest in real estate trust targets from Tokyu Land Corporation and Godo Kaisha Residence 5 for ¥17.4 billion on January 7, 2019. The consideration will be financed from the issuance of new investment units and secondary offering of investment units (¥13.9 billion), borrowings (¥9.7 billion) from different lenders comprising Mizuho Bank, Ltd, Sumitomo Mitsui Trust Bank, Limited, Sumitomo Mitsui Banking Corporation, MUFG Bank, Ltd, Mizuho Trust & Banking Co., Ltd, Shinkin Central Bank, The Norinchukin Bank, The Bank of Fukuoka, Ltd and Development Bank of Japan Inc and own funds. The transaction is approved by the board of directors of Comforia Residential REIT, Inc. The transaction is expected to close on March 20, 2019. Japan Real Estate Institute acted as a valuer in the transaction.