Samty Residential Investment Corporation (TSE:3459) signed a contract to acquire 24 properties in Japan from Samty Co., Ltd. (TSE:3244), Samty Hotel Management K.K. and others for ¥25.5 billion on July 12, 2021. The consideration does not include various expenses (sales brokerage fees, taxes and public dues, etc.) required for the acquisition. The consideration will be financed from Funds raised, borrowed and own funds from the issuance of new investment units resolved at the Board of Directors of the Investment Corporation.

Transaction is expected to close on August 3, 2021.