Sekisui House Reit, Inc. (TSE:3309) entered into a sale and purchase contract to acquire trust beneficiary interest in MAST Ijiri from Sekiwa Real Estate Kyushu, Ltd. for ¥390 million on January 29, 2019. The entire consideration shall be paid at the time of delivery. In a related transaction, Sekisui House Reit agreed to acquire trust beneficiary interest in The Ritz-Carlton, Kyoto from Sekisui House, Ltd. (TSE:1928) for ¥17.8 billion on January 29, 2019. Sekisui House Reit, Inc will fund the transaction from cash on hand and loan. Sekisui House Reit, Inc. secured a short-term loan of ¥17 billion to finance the acquisitions. The property to be acquired under the transaction generates annual rent of ¥25.5 million. The transaction is expected to close on January 31, 2019. Daiwa Real Estate Appraisal Co., Ltd acted as appraiser to the property.