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Comforia REIT Launches 10.5 Billion Yen Offering to Fund Acquisitions

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Comforia Residential REIT (TYO:3282) has launched a public offering to issue 107,620 new investment units at 97,558 yen per unit, alongside a secondary offering of 5,380 units, aiming to raise roughly 10.50 billion yen.

The funds will primarily finance the acquisition of five domestic properties-Comforia Shimo, Musashiurawa, Gotanno, Nishitakashimadaira, and Ayase-as previously disclosed on July 13.

An additional third-party allotment of up to 524.9 million yen is planned, with those proceeds reserved as cash for future asset purchases, according to a Tokyo bourse filing on Thursday.

The subscription period for both primary and secondary offerings runs from July 17 to July 21, with delivery scheduled for Aug. 4, while the third-party allotment closes on Aug. 18.

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