Daiwa Securities Living Sells 252-Unit Sendai Apartment for JPY 2.93B

Daiwa Securities Living Investment Corporation will divest the rental apartment property Forest Hill Sendai Aoba in Sendai, Miyagi Prefecture, to a domestic operating company. The sale agreement was signed on August 8, with a planned disposition price of JPY 2.93 billion. As of the end of March 2025, the book value was approximately JPY 2.4649 billion, and the capital gain is expected to be around JPY 352.5 million.

The property is located in Sendai, Miyagi Prefecture, approximately a nine-minute walk from Kokusai Center Station on the Sendai Subway Tozai Line. Completed in 2007, it is a nine-story reinforced concrete building with 252 leasable units. As of the end of March 2025, the occupancy rate stood at 98.4%, maintaining stable performance.

Key Facts

• Property Name: Forest Hill Sendai Aoba

• Buyer: Not disclosed

• Seller: Daiwa Securities Living Investment Corporation

• Transaction Price: JPY 2.93 billion

• Location: 5-1, Yodembashi-dori, Kawauchi, Aoba-ku, Sendai-shi, Miyagi

• Nearest Station: Kokusai Center Station (Sendai Subway Tozai Line), approx. 9-minute walk

• Completion: March 8, 2007

• Number of Floors: 9F

• Total Units: 252

• Gross Floor Area: 8,146.44 sqm (approx. 87,684 sq. ft.)