Kenedix Residential Next Investment Corporation (TSE:3278) agreed to acquire Trust beneficiary interest in KDX Residence Hachioji Otsuka for ¥1.49 million on February 14, 2022. In related transactions, Kenedix Residential Next Investment agreed to acquire Trust beneficiary interests in KDX Residence Umejima, KDX Residence Mizonokuchi, Irise Kobe Rokko, Serenite Koshien Plie, Excellent Hanayashiki Garden Hills, and Excellent Takarazuka Garden Hills for a combined consideration of ¥10.75 million. The consideration will be funded through the proceeds from issuance of new investment units through the public offering and the third-party allotment, debt financing and cash on hand. The transaction is expected to complete on June 1, 2022.

Kenedix Residential Next Investment Corporation (TSE:3278) completed the acquisition of Trust beneficiary interest in KDX Residence Hachioji Otsuka on June 1, 2022.