Marimo Regional Revitalization REIT, Inc. (TSE:3470) agreed to acquire ArtizA Higashi-Shimada from Marimo Co., Ltd. for ¥700 million on December 19, 2018. Marimo Regional Revitalization REIT, Inc. will sign sale and purchase agreement with Marimo Co., Ltd on January 4, 2019. The consideration will be paid in lump sum on January 4, 2019. Transaction will be funded through cash on hand and borrowings. Marimo Regional Revitalization REIT, Inc. borrowed a sum of ¥700 million from Sumitomo Mitsui Banking Corporation on December 19, 2018 to fund the acquisition and other expenses. The transaction is expected to be completed by January 4, 2019. Tanizawa Sogo Appraisal Co., Ltd. acted as an appraiser for ArtizA Higashi-Shimada in the transaction. Marimo Regional Revitalization REIT, Inc. (TSE:3470) completed the acquisition of ArtizA Higashi-Shimada from Marimo Co., Ltd. on January 4, 2019.