Tokyu REIT (TYO:8957) investment management company Tokyu Real Estate Investment Management decided to acquire a rental apartment building for 2.2 billion yen in Japan.
The REIT said Monday the purchase of Stylio Shin-Maruko Ekimae in Kanagawa will be completed Oct. 13.
The 12-story building has a total of 42 end tenants with a total monthly rental income of 7 million yen.
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