Tosei Reit Investment Corporation (TSE:3451) agreed to acquire five properties for ¥5.3 billion on October 11, 2016. The five properties include JPT Motomachi building, Hakusan Asanomi building, Selection Hatsutomi, Prime Garden and T 's garden Shin-Koiwa. Under the terms of the transaction, Tosei Reit Investment Corporation will acquire JPT Motomachi building for ¥2.3 million, Hakusan Asanomi building for ¥1.4 million, Selection Hatsutomi for ¥310 million, Prime Garden for ¥600 million and T 's garden Shin-Koiwa for ¥670 million. The acquisition will be funded through the proceeds from the issuance of new investment units, loans and funds on hand. The deal is expected to close by November 2, 2016.