Daiwa Securities Living REIT to Sell Nagoya Multifamily Property for JPY 890 Million

Daiwa Securities Living Investment Corporation announced it will sell the “Stellato City Sakurayama,” a family-type rental apartment building in Showa Ward, Nagoya. The transfer is scheduled for October 23. The buyer was not disclosed, and the planned sale price is JPY 890 million.

The property is a 14-story multifamily building completed in 2006, located a nine-minute walk from Sakurayama Station on the Nagoya Municipal Subway Sakura-dori Line. It offers a gross floor area of 2,071.15 square meters (approx. 22,300 sq. ft.) with 26 units.

According to the REIT, rental revenue for the fiscal year ending March 2025 is projected at JPY 24.63 million, with the property fully occupied as of fiscal year-end.

Key Facts

• Property Name: Stellato City Sakurayama

• Seller: Daiwa Securities Living Investment Corporation

• Buyer: Not disclosed

• Transaction Price: JPY 890 million

• Location: 1-6 Hiromicho, Showa Ward, Nagoya, Aichi Prefecture

• Nearest Station: Sakurayama Station (Nagoya Municipal Subway Sakura-dori Line), 9-minute walk

• Completion: July 2006

• Number of Floors: 14F

• Total Units: 26

• Gross Floor Area: 2,071.15㎡ (approx. 22,300 sq. ft.)