Advance Residence to Acquire Two Apartment Properties for JPY 2.36 Billion

Advance Residence Investment Corporation announced on August 20, 2026, that it will acquire RESIDIA Higashi-Nippori in Higashi-Nippori, Arakawa Ward, Tokyo, and RESIDIA Kameido II in Kameido, Koto Ward. The combined planned acquisition price is JPY 2.36 billion. The seller of both properties is Cosmos Initia, and the acquisitions are scheduled for August 28 of the same month or a date separately agreed with the seller.

RESIDIA Higashi-Nippori, completed in 2017, is a seven-story building a seven-minute walk from Minowa Station on the Tokyo Metro Hibiya Line. It has 26 leasable units, 25 of which are compact-type. The planned acquisition price is JPY 1.2 billion, with an NOI yield of 3.9%.

RESIDIA Kameido II, completed in 2019, is a 13-story building a six-minute walk from Kameido Station on the JR Chuo-Sobu Line. It has 37 leasable units, of which 36 are single-type. The planned acquisition price is JPY 1.16 billion, with an NOI yield of 3.9%.

Average asking rents for rental apartments within a 10-minute walk of Minowa Station and Kameido Station have risen approximately 27% and 34%, respectively, over the past five years, as rent levels continue to climb in the Joto area of eastern Tokyo (based on estie Residential Research, compiled by the editorial team).

Between May and July 2026, the REIT acquired four properties, RESIDIA Shoin Jinja-mae, RESIDIA Tokiwadai, RESIDIA Musashi-Koyama and RESIDIA Yokohama Tobe, for a combined total of approximately JPY 7 billion, while in July of the same year it sold two properties, RESIDIA Bunkyo Yushima II and RESIDIA Tokugawa, for a combined approximately JPY 2.6 billion. It is advancing an asset replacement strategy centered on properties in the Tokyo metropolitan area, and this acquisition will expand its residential portfolio in the Joto area (see related articles: Advance Residence To Acquire Two Apartment Properties in Setagaya and Itabashi, Advance Residence Investment Corp. To Sell Rental Apartment Property in Nagoya's Higashi Ward).

Key Facts

• Buyer: Advance Residence Investment Corporation
• Seller: COSMOS INITIA Co., Ltd.
• Contract Date: August 20, 2026
• Scheduled Acquisition Date: August 28, 2026, or a date separately agreed with the seller
• Total Planned Acquisition Price: JPY 2.36 billion
• Total Appraisal Value: JPY 2.55 billion
• Property Name: RESIDIA Higashi-Nippori (formerly COSMOLEAD Higashi-Nippori)
• • Planned Acquisition Price: JPY 1.2 billion
  • Appraisal Value: JPY 1.24 billion (as of July 1, 2026; Daiwa Real Estate Appraisal Co., Ltd.)
  • Location: 2-15-11 Higashi-Nippori, Arakawa Ward, Tokyo
  • Nearest Station: Seven-minute walk from Minowa Station on the Tokyo Metro Hibiya Line
  • Completion: September 2017
  • Number of Floors: 7F (reinforced concrete construction)
  • Use: Apartment / Office
  • Total Units: 26
  • Gross Floor Area: approximately 417 tsubo (approx. 14,800 sq. ft.)
  • Occupancy (by area): 92.2% (as of July 31, 2026)
  • NOI Yield: 3.9%
• Property Name: RESIDIA Kameido II (formerly COSMOLEAD Kameido)
• • Planned Acquisition Price: JPY 1.16 billion
  • Appraisal Value: JPY 1.31 billion (as of July 1, 2026; Japan Real Estate Institute)
  • Location: 2-45-7 Kameido, Koto Ward, Tokyo
  • Nearest Station: Six-minute walk from Kameido Station on the JR Chuo-Sobu Line
  • Completion: February 2019
  • Number of Floors: 13F (reinforced concrete construction)
  • Use: Apartment / Office
  • Total Units: 37
  • Gross Floor Area: approximately 299 tsubo (approx. 10,600 sq. ft.)
  • Occupancy (by area): 97.3% (as of July 31, 2026)
  • NOI Yield: 3.9%