Comforia Residential REIT, Inc. Transfers Student Housing Properties and Acquires Three Rental Residential Assets

2026/03/19

Comforia Residential REIT, Inc. will acquire three rental residential properties for a total of approximately JPY 4,885 million and transfer two student housing properties for JPY 2,407 million. Under the theme of “portfolio reallocation,” the REIT is advancing an asset replacement strategy aimed at earnings growth in an inflationary environment.

The acquired properties are Comforia Gakugeidaigaku East (Meguro Ward, acquisition price: JPY 1,530 million), Comforia Nishiarai (Adachi Ward, JPY 2,185 million), and Comforia Itabashi Kuyakushomae (Itabashi Ward, JPY 1,170 million). All three are rental residential properties primarily consisting of single-tenant and compact units, with high occupancy rates ranging from 97.9% to 100%. Gakugeidaigaku East will be acquired from Cosmos Initia Co., Ltd., while Nishiarai and Itabashi Kuyakushomae will be acquired from Sumitomo Mitsui Trust Panasonic Finance Co., Ltd.

Meanwhile, the two properties to be transferred are College Court Hachimanyama and College Square Hachimanyama, both located in Suginami Ward. Both are operational student housing properties managed under non-pass-through master lease agreements. Regarding this asset replacement, the REIT said that rental residential assets, its primary investment target, “allow for flexible rent-setting in line with market trends and can be expected to generate rent growth,” suggesting that the decision places emphasis on rent pass-through capacity during inflationary periods.

Acquired property

Buyer: Comforia Residential REIT, Inc.
Total Acquisition Price: JPY 4,885 million
Acquisition Date: March 27, 2026 (Gakugeidaigaku East); August 7, 2026 (Nishiarai and Itabashi Kuyakushomae)
Property Name: Comforia Gakugeidaigaku East
- Acquisition Price: JPY 1,530 million
- Appraised Value: JPY 1,620 million
- Seller: Cosmos Initia Co., Ltd.
- Location: 2-14-5 Megurohoncho, Meguro-ku, Tokyo
- Nearest Station: 14-minute walk from Gakugeidaigaku Station on the Tokyu Toyoko Line
- Completion: March 2007
- Number of Floors: 5F
- Gross Floor Area: Approx. 472 tsubo (approx. 16,795 sq. ft.)
- Total Units: 44
- Occupancy Rate: 97.9%
Property Name: Comforia Nishiarai
- Acquisition Price: JPY 2,185 million
- Appraised Value: JPY 2,240 million
- Seller: Sumitomo Mitsui Trust Panasonic Finance Co., Ltd.
- Location: 3-12-13 Sekibara, Adachi-ku, Tokyo
- Nearest Station: 9-minute walk from Umejima Station and 10-minute walk from Nishiarai Station on the Tobu Skytree Line
- Completion: October 2021
- Number of Floors: 7F
- Gross Floor Area: Approx. 784 tsubo (approx. 27,894 sq. ft.)
- Total Units: 71
- Occupancy Rate: 98.9%
Property Name: Comforia Itabashi Kuyakushomae
- Acquisition Price: JPY 1,170 million
- Appraised Value: JPY 1,210 million
- Seller: Sumitomo Mitsui Trust Panasonic Finance Co., Ltd.
- Location: 57-9 Nakajuku, Itabashi-ku, Tokyo
- Nearest Station: 5-minute walk from Itabashi-kuyakushomae Station on the Toei Mita Line
- Completion: December 2022
- Number of Floors: 13F
- Gross Floor Area: Approx. 450 tsubo (approx. 16,004 sq. ft.)
- Total Units: 29
- Occupancy Rate: 100%

Transferred property

Seller: Comforia Residential REIT, Inc.
Total Transfer Price: JPY 2,407 million
Transfer Date: August 4, 2026
Transferee: Undisclosed
Property Name: College Court Hachimanyama
- Transfer Price: JPY 1,372 million
- Location: 1-15-1 Kamitakaido, Suginami-ku, Tokyo
- Completion: March 2015
- Number of Floors: 7F / B1
- Gross Floor Area: Approx. 582 tsubo (approx. 20,698 sq. ft.)
- Total Units: 73
Property Name: College Square Hachimanyama
- Transfer Price: JPY 1,035 million
- Location: 1-15-2 Kamitakaido, Suginami-ku, Tokyo
- Completion: March 2015
- Number of Floors: 3F / B1
- Gross Floor Area: Approx. 381 tsubo (approx. 13,549 sq. ft.)
- Total Units: 46