Sekisui House REIT to Acquire Fully Leased Kawasaki Apartment for JPY 1.41B

Sekisui House Reit, Inc. announced it will acquire the trust beneficiary interest in a rental residential property, Esty Maison Kawasaki West, in Kawasaki City. The scheduled acquisition date is October 1, with a purchase price of JPY 1.41 billion.

The property is a seven-story apartment building completed in 2023, located about a four-minute walk from JR Nambu Line’s “Shitte” Station and 13 minutes on foot from JR “Kawasaki” Station. It comprises 52 units with a gross floor area of 1,555.37 sqm (approx. 16,740 sq. ft.) and was fully leased as of the end of August.

Key Facts

• Property Name: Esty Maison Kawasaki West

• Buyer: Sekisui House Reit, Inc.

• Seller: Yamato Infilink Co., Ltd.

• Transaction Price: JPY 1,410 million

• Location: 13-4 Yanagicho, Saiwai-ku, Kawasaki-shi, Kanagawa Prefecture

• Nearest Station: JR Nambu Line “Shitte” Station, approx. 4 min walk / JR Lines “Kawasaki” Station, approx. 13 min walk

• Completion: February 2023

• Number of Floors: 7F

• Gross Floor Area: 1,555.37 sqm (approx. 16,740 sq. ft.)

• Total Units: 52