Analyst Research

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Provider: Wright Reports
Provider: Reuters Investment Profile

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Japan Hotel REIT Investment Corp to Acquire Property; to Issue Investment Units and Take out Loan

Tuesday, 2 Apr 2013 02:30am EDT 

Japan Hotel REIT Investment Corp announced that it will acquire a property located in Chiba, from a Japan-based company for JPY 26,050 million on April 26, 2013. As a result, the Company will issue 510,000 investment units at an undetermined price through public offering. The payment will be conducted on one day during April 17, 2013 to April 22, 2013. The Company will also be taking out a JPY 10,000 million loan, with Sumitomo Mitsui Banking Corporation as the arranger, on April 26, 2013. The funds from investment unit issuance and loan will be used for acquisition of the Chiba-based property. 

Company Quote

-2300.0 -2.86%
26 Dec 2014