Advance Residence Investment Corp. To Sell Rental Apartment Property in Nagoya’s Higashi Ward

Advance Residence Investment Corp., an Itochu Group-affiliated REIT, decided on June 24, 2026, to sell Residia Tokugawa, a rental apartment property in Higashi Ward, Nagoya. The planned sale price is JPY 973 million, and the buyer is Mirai Asset, which operates businesses including real estate crowdfunding. The property will be delivered on July 7 or on another date separately agreed upon with the buyer.

The property was completed in 2006 and has nine floors above ground, with a total of 27 units. The units consist of 2LDK to 4LDK layouts, with exclusive areas ranging from 75.43 square meters (approx. 812 sq. ft.) to 93.49 square meters (approx. 1,006 sq. ft.). It is located a seven-minute walk from Morishita Station on the Meitetsu Seto Line, in a quiet residential neighborhood with a concentration of low- to mid-rise properties.

The REIT acquired the property in December 2006, shortly after completion, and has continued to operate it since then, but decided to sell it this time. The assumed book value as of the planned sale date is JPY 661 million, and the REIT expects a gain on sale of approximately JPY 273 million. By taking advantage of the opportunity to sell an asset with unrealized gains, the REIT aims to optimize capital efficiency and expand returns to unitholders.

Key Facts

• Property Name: Residia Tokugawa
• Seller: Advance Residence Investment Corp.
• Buyer: Mirai Asset Co.
• Planned Sale Price: JPY 973 million
• Appraised Value: JPY 973 million, as of Jan. 31, 2026, by Daiwa Real Estate Appraisal
• Location: 2-8-5 Tokugawa, Higashi Ward, Nagoya, Aichi Prefecture
• Nearest Stations: Seven-minute walk from Morishita Station on the Meitetsu Seto Line; 14-minute walk from Ozone Station on the JR Chuo Main Line; 15-minute walk from Ozone Station on the Nagoya Municipal Subway Meijo Line
• Planned Sale Date: July 7, 2026, or another date separately agreed upon
• Completion: December 2006
• Number of Floors: 9F, reinforced concrete construction
• Area: Site area of approximately 361 tsubo (approx. 12,900 sq. ft.); Gross Floor Area of approximately 734 tsubo (approx. 26,100 sq. ft.)
• Total Units: 27
• Layouts: 2LDK / 3LDK / 3LDK+S / 4LDK
• Exclusive Area: 75.43 square meters (approx. 812 sq. ft.) to 93.49 square meters (approx. 1,006 sq. ft.)
• Occupancy Rate: 92.2%, as of May 31, 2026