Comforia Residential REIT, Inc (TSE:3282) entered into an agreement to acquire COMFORIA KAMEIDO SOUTH from Tokyu Land Corporation for ¥2.1 billion on January 7, 2019. The consideration will be fully paid at the time of delivery. In related transaction, Comforia Residential REIT is acquiring 8 properties. The transaction has been funded through proceeds from the issuance of new investment units from the primary offering (¥13.24 billion), by way of third-party allotment (¥663 million), borrowings and Comforia Residential own funds. The transaction has been approved by the Board of Directors of Comforia Residential REIT at the meeting. The transaction is expected to be completed by February 1, 2019. JLL Morii Valuation & Advisory K.K acted as appraiser for COMFORIA KAMEIDO SOUTH.