An unknown buyer signed a contract to acquire KDX Residence Shin-Osaka from Kenedix Residential Next Investment Corporation (TSE:3278) for ¥690 million on January 18, 2019. The consideration will be paid in full on date of sale (February 1, 2019). The transaction is expected to be completed by February 1, 2019. Kenedix Residential Next Investment Corporation plans to utilize the proceeds from the sale of properties for the acquisition of properties (KDX Residence Kaminoge and KDX Residence Higashi-Asakusa). Japan Real Estate Institute acted as appraiser of KDX Residence Shin-Osaka.