KDX Residential REIT Acquires a Residential Asset in Edogawa Ward, Tokyo, and Sells an Office Asset in Shinjuku Ward, Tokyo

KDX Residential REIT announced on March 26, 2026, that it had decided to acquire one residential property and dispose of one office building. The acquisition asset is KDX Residence Mizue in Edogawa Ward, Tokyo, with a planned acquisition price of JPY 2.55 billion, while the disposition asset is Shintoshin Maruzen Building in Shinjuku Ward, Tokyo, with a planned sale price of JPY 2.072 billion.

The acquired asset, KDX Residence Mizue, is a recently completed designer apartment building located a seven-minute walk from Mizue Station on the Toei Shinjuku Line. Completed in August 2025, the property comprises a total of 64 units: 36 studio units, 26 1SLDK units, and 2 2LDK units. The seller is Daiwa Life Next Co., Ltd., a wholly owned subsidiary of Daiwa House Industry, and the appraised value is JPY 2.81 billion, with an appraised NOI yield of 4.1%. Meanwhile, the disposition asset, Shintoshin Maruzen Building, is a sectional ownership office property completed in July 1990 and located an eight-minute walk from Hatsudai Station on the Keio New Line. The buyer is Ichigo Estate Co., Ltd., a wholly owned subsidiary of Ichigo.

The transaction is intended to capture upside in rental income under an inflationary environment. The acquired asset offers strong access to central Tokyo and is expected to generate broad rental demand ranging from single-person households to families. The REIT said it intends to continue implementing strategic and ongoing portfolio recycling initiatives.

Acquired Property

• Property Name:

  KDX Residence Mizue

• Buyer:

  KDX Residential REIT

• Seller:

  Daiwa Life Next Co., Ltd.

• Planned Acquisition Price:

  JPY 2.55 billion

• Appraised Value:

  JPY 2.81 billion

• NOI Yield:

  4.1%

• Address:

  2-24-8 Mizue, Edogawa Ward, Tokyo

• Nearest Station:

  Mizue Station on the Toei Shinjuku Line, a 7-minute walk

• Completion:

  August 2025

• Number of Floors:

  6F (reinforced concrete structure)

• Gross Floor Area:

  2,895.71 sq m (approx. 31,170 sq. ft.)

• Total Units:

  64

• Occupancy Rate:

  93.7% (as of the end of February 2026)

Transferred property

• Property Name:

  Shintoshin Maruzen Building

• Seller:

  KDX Residential REIT

• Buyer:

  Ichigo Estate Co., Ltd.

• Planned Sale Price:

  JPY 2.072 billion

• Appraised Value:

  JPY 1.72 billion

• Address:

  3-8-3 Nishi-Shinjuku, Shinjuku Ward, Tokyo

• Nearest Station:

  Hatsudai Station on the Keio New Line, an 8-minute walk

• Completion:

  July 1990

• Number of Floors:

  8F / B1 (steel-reinforced concrete structure)

• Gross Floor Area:

  3,439.37 sq m (approx. 37,022 sq. ft.) (sectional ownership)

• Occupancy Rate:

  100.0% (as of the end of February 2026)