Kenedix Retail REIT Corporation (TSE:3453) agreed to acquire Trust beneficiary interest in Seiyu Rakuichi Moriya (Land) from Seiyu GK for ¥4.1 billion on January 26, 2017. As per terms, the acquisition will be funded through borrowings and cash on hand. Kenedix agreed to undertake debt financing of ¥4 billion from The Gunma Bank, Ltd., Development Bank of Japan Inc., Mizuho Trust & Banking Co., Ltd. and Resona Bank, Ltd., for the acquisition. The contract is scheduled on January 27, 2017. The transaction is expected to close on January 31, 2017.