Japan Logistics Fund, Inc. (TSE:8967) agreed to acquire the remaining 50% stake in Souka Logistics Center from Limited Liability Company M3 for ¥8.1 billion on January 26, 2017. The purchase price will be funded from loans of ¥26 billion and cash in hand. Contract is expected to be signed on February 6, 2017 and the transaction is also expected to close on February 6, 2017. The acquisition of the property will not affect the financial results forecasts of Japan Logistics Fund, Inc. for the fiscal period ending January, 2017. Tanizawa Sogo Appraisal Co., Ltd. acted as an appraiser for the property.