Daiwa House Residential Investment Corporation (TSE:8984) agreed to acquire Royal Parks Namba from Royal Parks NambaCo., Ltd. for ¥2.8 billion on March 1, 2013. The payment of entire amount will be made upon delivery. In a related transaction Daiwa House Residential Investment Corporation also agreed to acquire Castalia Ohori Bay Tower (D-WING BAY TOWER) for ¥2.9 million. The deal will be funded using cash on hand and proceeds from issuance of new investment units. As ... of March 11, 2013, Daiwa House issued 0.03 million new investment units through public offering for ¥10.8 billion and 2,800 new investment units by way of third-party allotment amounting to ¥1.05 billion to fund the acquisition. The primary offering shall be purchased and underwritten by an underwriting syndicate of which Daiwa Securities Co. Ltd., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. and Nomura Securities Co., Ltd. are the joint lead managers. The underwriters other than the joint lead managers shall be Mizuho Securities Co., Ltd., SMBC Nikko Securities Inc. and UBS Securities Japan Ltd. Daiwa Securities Co. Ltd. acted as the allottee in third-party allotment. Scheduled execution date of the sale and purchase agreement is March 1, 2013 and the transaction is expected to close on March 29, 2013. Sumitomo Mitsui Trust Bank, Limited acted as real estate broker in the deal. Broker's commission was amounted to ¥8.5 million.
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Daiwa House Residential Investment Corporation (TSE:8984) entered into sale and purchase agreement to acquire D-Wing Bay Tower from a special limited liability company in Japan for ¥2.9 billion on March 1, 2013. Daiwa House Residential Investment will pay entire amount upon delivery. Upon completion of the transaction, D-Wing Bay Tower will be known as Castalia Ohori Bay Tower. The deal will be funded using cash on hand and proceeds of 6.2 billion from issuance of new ... investment units. In the related transaction, Daiwa House Residential Investment Corporation agreed to acquire Royal Parks Namba from Royal Parks Namba Co., Ltd. for ¥2.8 billion. The transaction is expected to complete on March 25, 2013. Miyoshi Asset Management Co., Ltd. Will manage the property. Morii Appraisal & Investment Consulting, Inc acted as real estate appraiser in the deal.
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Total Estate Co.,Ltd. entered into sale and purchase agreement to acquire INAGEYA Yokohama Nishigaoka from Daiwa House Residential Investment Corporation (TSE:8984) for approximately ¥850 million on January 25, 2013. The transaction is expected to be completed on January 29, 2013. The transaction will have only a minor impact on operating status forecasts for the fiscal period ending in February 28, 2013 and August 31, 2013.

Daiwa House Residential Investment Corporation (TSE:8984) agreed to acquire Castalia Nakameguro from Nomura Real Estate Development Co., Ltd. for ¥3.8 billion in cash on November 22, 2012. The entire consideration will be paid on closing. The property will be bought using funds from debt financing and cash on hand of Daiwa House Residential Investment. Daiwa House Residential Investment Corporation secured a loan of ¥3.8 billion from The Bank of Tokyo-Mitsubishi UFJ, ... Ltd., Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank, Limited and Mizuho Corporate Bank, Ltd to finance the deal. Following the completion of the deal, the name of the property will be changed from Castalia Nakameguro to Proud Flat Nakameguro. The execution of agreement is expected to be November 29, 2012 and the deal is expected to close on November 29, 2012. The deal will have a minor impact on the operating status forecast for the fiscal period from September 1, 2012 to February 28, 2013.
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