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Japan Metropolitan Fund Investment Fund Acquires Osaka Private Lodging Asset for 2.4 Billion Yen

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Japan Metropolitan Fund Investment (TYO:8953) has agreed to acquire a mixed-use private lodging and retail property in Osaka, for 2.4 billion yen effective June 29, according to a Tokyo bourse filing on Wednesday.

The property, Apartment Hotel 11 Shinsaibashi Amemura 2, is appraised at 2.75 billion yen, and will be operated by lodging tech company HIWIN under a revenue-linked lease structure.

To fund the acquisition, the REIT secured a 2.4 billion yen 7-year floating-rate loan from SBI Shinsei Bank at TIBOR plus 0.175%, according to a separate disclosure.

The REIT also refinanced a 1.5 billion yen loan from Mizuho Bank with the same terms, extending its maturity from June 2026 to June 2033.

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