Dear Life (TYO:3245) said it acquired an 826.47-square-meter, four-floor income-producing property in Otaku-ku, Tokyo, Japan, according to a Thursday filing on the Tokyo Stock Exchange.
The Japan-based real estate company said the acquisition is funded through a combination of internal capital and borrowings and includes condominium and store space.
The property is bought from an unnamed buyer at an undisclosed price, and the transaction is expected to have a minimal impact on its consolidated financial results for the fiscal ending September 30.