English Translation
The following is an English translation of the Japanese original press release and is being provided for information purposes only.
February 24, 2023
To All Concerned Parties
REIT Issuer: Daiwa Securities Living Investment Corporation
6-2-1 Ginza, Chuo-ku, Tokyo 104-0061
Yoshio Urata, Executive Director
(Securities Code: 8986)
Asset Manager: Daiwa Real Estate Asset Management Co. Ltd.
Yoshiki Nishigaki, President and Chief Executive Officer
Inquiries: Kentaro Azumi, General Manager, Corporate Division
Tel: +81-3-6757-9680
Notice Concerning Change of the Scheduled Asset Acquisition Date (Gran Casa Kuramae)
Daiwa Securities Living Investment Corporation (the "Investment Corporation") hereby announces that the Investment Corporation has agreed with the sellers to change the scheduled acquisition date of Gran Casa Kuramae (Former Name: (Temporary Name) Kuramae Project, the "Asset to be Acquired"), released in "Notice Concerning Acquisition of Asset ((Temporary Name) Kuramae Project)" dated August 23, 2021.
I. The Content of the Change
Property Name | Scheduled Acquisition Date | Scheduled Acquisition Date | ||||||
(From) | (To) | |||||||
Gran Casa Kuramae | March 31, 2023 | March 6, 2023 | ||||||
((Temporary Name) Kuramae Project) | ||||||||
II. The Reason for the Change
According to the sales contract dated August 23, 2021, the scheduled asset acquisition date is set as March 31, 2023 or any other date agreed by the sellers and the Investment Corporation. The sellers and the Investment Corporation have agreed to change the acquisition date of the Asset to be Acquired on February 24, 2023.
III. Forecast
There is minimal impact from the change on asset management conditions for the fiscal period ending March 31, 2023 (October 1, 2022 to March 31, 2023) and the fiscal period ending September 30, 2023 (April 1, 2023 to September 30, 2023).
-End-
*URL:https://www.daiwa-securities-living.co.jp/en/
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English Translation
The following is an English translation of the Japanese original press release and is being provided for information purposes only.
(Reference Material) Exterior and Map of the Asset to Be Acquired
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English Translation
The following is an English translation of the Japanese original press release and is being provided for information purposes only.
(Additional Material) Overview of Portfolio after the Acquisition
Properties owned | Asset to be Acquired | |||||||||||
as of today | (a) + (b) | |||||||||||
(b) | ||||||||||||
(a) | ||||||||||||
Total number of | 247 properties | 1 property | 248 properties | |||||||||
properties | ||||||||||||
Total Number of | 17,973 units | 36 units | 18,009 units | |||||||||
leasable units | ||||||||||||
Total leasable area | 764,611.21m2 | 1,424.28m2 | 766,035.49m2 | |||||||||
Properties owned | Asset to be Acquired | |||||||||||
as of today | (a) + (b) | |||||||||||
(b) | ||||||||||||
(a) | ||||||||||||
Total (anticipated) | ||||||||||||
acquisition price | JPY 361.7 billion | JPY 1.5 billion | JPY 363.2 billion | |||||||||
(Note 1) | ||||||||||||
Appraisal value (Note 2) | JPY 441.9 billion | JPY 1.6 billion | JPY 443.5 billion |
(Note 1) Total (anticipated) acquisition price is calculated based on the (anticipated) acquisition price.
(Note 2) Appraisal value is calculated based on the appraisal value as of August 1, 2022 for Gran Casa Minami-Senju, Gran Casa Hikifune, Serenite Namba Plie, Gran Casa Oji, Gran Casa Ryogoku East, Gran Casa Tabata and Sunny Life Shibaura and the appraisal value as of the end of September 2022 for the other properties among the properties owned as of today and the Asset to be acquired.
Properties owned | Asset to be Acquired | ||||||||||
as of today | (a) + (b) | ||||||||||
(b) | |||||||||||
(a) | |||||||||||
Studio | JPY 172.6 billion | JPY 1.5 billion | JPY 174.1 billion | ||||||||
(47.7%) | (47.9%) | ||||||||||
Family | JPY 80.8 billion | - | JPY 80.8 billion | ||||||||
(22.3%) | (22.3%) | ||||||||||
Healthcare | JPY 108.2 billion | - | JPY 108.2 billion | ||||||||
(29.9%) | (29.8%) | ||||||||||
End
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Daiwa Securities Living Investment Corporation published this content on 24 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 February 2023 06:36:19 UTC.