Shinhan K-1 REIT Co., Ltd. announced that it will issue 1,000,000 shares at issue price of KRW 10,000 per share for gross proceeds of KRW 10,000,000,000 on September 10, 2020. The transaction will include participation from returning investor, Shinhan Alpha REIT Co., Ltd. (KOSE:A293940). The company will raise funds through third party allocation increase. The transaction is expected to close on September 23, 2020. The transaction has been approved by the board of directors of the company.