JInushi Private REIT Investment Corporation completed the acquisition of 16 properties in Japan from Nippon Commercial Development Co., Ltd..
January 10, 2018
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JInushi Private REIT Investment Corporation agreed to acquire 16 properties in Japan from Nippon Commercial Development Co., Ltd. (TSE:3252) for ¥16.9 billion on November 10, 2017. The sales contract is expected to be concluded on December 1, 2017. The transaction has been resolved by Board of Nippon Commercial Development Co., Ltd.
JInushi Private REIT Investment Corporation completed the acquisition of 16 properties in Japan from Nippon Commercial Development Co., Ltd. (TSE:3252) on January 11, 2018.
Jinushi Co Ltd is primarily engaged in real estate business. The Company operates in four business segments. The Real Estate Investment segment sells the real estate investments developed by the Company to funds, investors and others. It acquires lands, leases to tenants, and then sells to companies, individuals, private funds and real estate investment trusts as investment products that can bring stable profits. The Sublease, Lease and Fund Fees segment is engaged in sublease business, which rents lands from owners and then subleases to tenants, lease business, which leases properties owned by the Company to generate stable rental incomes, and fund fees business, which provides real estate management and others. The Planning and Brokerage segment provides consulting and real estate brokerage. The Others segment engages in overseas private finance initiative (PFI) business, management of golf courses and other entertainment business.
JINUSHI CO.,LTD. 
