Ooedo Onsen Reit Investment Corporation (TSE:3472) signed a purchase and sale contract to acquire Ooedo Onsen Monogatari Nagasaki Hotel Seifu from Kagawaken Kanko Kaihatsu K.K. for ¥1.6 billion on November 9, 2017. The consideration will be paid in full on transfer. Ooedo Onsen Reit will use proceeds from the issuance of new investment units, loans and funds on hand for the acquisition. For funding the transaction, Ooedo Onsen Reit will take out loans of ¥5.91 billion and will raise up to ¥4.92 billion via public offering and private placement. The transaction is expected to complete on December 4, 2017.