Takara Leben Real Estate Investment Corporation (TSE:3492) concluded a contract to acquire B City Apartment Kawasaki South for ¥1.3 billion on March 31, 2022. Takara Leben Real Estate Investment Corporation will pay ¥70 million from cash on hand as a deposit on the date of conclusion of sale and purchase contract, and the remaining amount will be paid on the scheduled acquisition date. Post-completion, the name of B City Apartment Kawasaki South will be changed to TLR Residence Kawasaki Daishi.

The deal is expected to close on April 11, 2022. Tokyu Livable, Inc. acted as broker in the deal.