Nippon Healthcare Investment Corporation (TSE:3308) concluded a contract to acquire Trust Beneficial Rights of Four Properties from DA Healthcare Alpha LLC for ¥2.6 billion on October 29, 2015. Nippon Healthcare Investment Corporation (TSE:3308) managed by Daiwa Real Estate Asset Management Co., Ltd will acquire Alpha Living Okayama Nishikawa Ryokudo Koen for ¥730 million, Alpha Living Okayama Kotakuen for ¥610 million, Alpha Living Takamatsueki-mae and Alpha Living Takamatsu Hyakkenmachi each for ¥605 million. Nippon Healthcare Investment Corp will take out a term loan of ¥1.2 billion from Mizuho Bank, Ltd. between October 29, 2015 and November 24, 2015 to fund the acquisition of properties.

The transaction is expected to complete on November 24, 2015.