Fukuoka REIT Corporation (TSE:8968) agreed to acquire Real estate trust beneficiary interest in Tissage Hotel Naha from B-Lot Company Limited (TSE:3452) for ¥2.8 billion on November 28, 2018. Fukuoka REIT Corporation is scheduled to pay the consideration in full on the scheduled acquisition date. The consideration will be paid using cash on hand and borrowings. Fukuoka REIT Corporation will conduct the borrowing of funds of ¥900 million from The Bank of Fukuoka, Resona Bank and ¥1.1 billion from The Nishi-Nippon City Bank, Resona Bank,The Oita Bank, The Bank of Nagasaki, The Bank of Saga. The transaction is expected to complete on December 7, 2018. The Tanizawa Sogo Appraisal Co., Ltd. acted as an appraiser of the property.

Fukuoka REIT Corporation (TSE:8968) completed the acquisition of Real estate trust beneficiary interest in Tissage Hotel Naha from B-Lot Company Limited (TSE:3452) on December 31, 2018