Star Asia REIT Trades Four Assets in Portfolio Rebalancing, Adds Hotel Loan Investment

Star Asia Investment Corporation announced it will acquire the trust beneficiary interests in two hotels while simultaneously divesting the trust beneficiary interests in a retail property and a residential property as part of a portfolio rebalancing initiative.

The acquisitions comprise KOKO HOTEL Nagoya Sakae (Nagoya, gross floor area approx. 1,664 tsubo [approx. 55,000 sq. ft.], acquisition price JPY 3,950 million) and KOKO HOTEL Sendai Ekimae West (Sendai, gross floor area approx. 1,082 tsubo [approx. 35,700 sq. ft.], acquisition price JPY 2,875 million), with closing scheduled for September 30, 2025.

The dispositions include Lapark Kishiwada (Osaka Prefecture, gross floor area approx. 19,857 tsubo [approx. 656,000 sq. ft.], disposition price JPY 5,700 million) and Shiroi Logement (Chiba Prefecture, gross floor area approx. 6,790 tsubo [approx. 224,000 sq. ft.], disposition price JPY 2,586 million), with closing set for January 16, 2026.

In addition, the REIT will invest JPY 952 million in the Star Asia Mezzanine Loan Series 12, backed by four hotel properties in Tokyo and Osaka. The investment is scheduled to close on December 19, 2025. The total acquisition cost associated with this rebalancing is JPY 7,777 million.

Key Facts – Acquired Properties

• Property Name: KOKO HOTEL Nagoya Sakae

  • Buyer: Star Asia Investment Corporation

  • Seller: Not disclosed

  • Transaction Price: JPY 3,950 million

  • Location: 3-15-21 Nishiki, Naka-ku, Nagoya, Aichi Prefecture

  • Nearest Station: Sakae Station (Higashiyama & Meijo Lines) – 1 min walk

  • Completion: February 2003

  • Number of Floors: 12F / B2

  • Gross Floor Area: approx. 1,664 tsubo (approx. 55,000 sq. ft.)

• Property Name: KOKO HOTEL Sendai Ekimae West

  • Buyer: Star Asia Investment Corporation

  • Seller: Not disclosed

  • Transaction Price: JPY 2,875 million

  • Location: 3-8-27 Chuo, Aoba-ku, Sendai, Miyagi Prefecture

  • Nearest Station: Sendai Station (JR) – 5 min walk

  • Completion: July 2003

  • Number of Floors: 9F

  • Gross Floor Area: approx. 1,082 tsubo (approx. 35,700 sq. ft.)

Key Facts – Transferred Properties

• Property Name: Lapark Kishiwada

  • Seller: Star Asia Investment Corporation

  • Buyer: Not disclosed

  • Transaction Price: JPY 5,700 million

  • Location: 21-1 Haruki Wakamatsu-cho, Kishiwada, Osaka Prefecture

  • Nearest Station: Haruki Station (Nankai Main Line) – 3 min walk

  • Completion: 1994

  • Number of Floors: 6F

  • Gross Floor Area: approx. 19,857 tsubo (approx. 656,000 sq. ft.)

• Property Name: Shiroi Logement

  • Seller: Star Asia Investment Corporation

  • Buyer: Not disclosed

  • Transaction Price: JPY 2,586 million

  • Location: 151-2 Fuji, Shiroi, Chiba Prefecture

  • Nearest Station: Kamagaya Daibutsu Station (Shin-Keisei Line) – 19 min walk

  • Completion: 1995

  • Number of Floors: 14F

  • Gross Floor Area: approx. 6,790 tsubo (approx. 224,000 sq. ft.)