Kenedix Residential Investment Corporation (TSE:3278) agreed to acquire trust beneficiary interest in KDX Residence Toyosu from Global Link Management Inc. for ¥7.5 billion on June 15, 2017. The transaction will be funded by new loan of Kenedix Residential Investment Corporation which is still under consideration and cash on hand. If either of Kenedix Residential Investment Corporation and Global Link Management Inc. breach the agreement, a cancelation penalty equal to 5% of the transaction price shall be paid. The transaction is expected to be completed by August 22, 2017. The Tanizawa Sogo Appraisal Co., Ltd. acted as appraiser and N.K Real Estate Sales Corporation acted as broker in the transaction.

Kenedix Residential Investment Corporation (TSE:3278) completed the acquisition of trust beneficiary interest in KDX Residence Toyosu from Global Link Management Inc. on August 22, 2017.