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Comforia Residential REIT to Acquire Five Rental Housing Properties for Approximately JPY 10.3 Billion

MultifamilyTransaction

Comforia Residential REIT to Acquire Five Rental Housing Properties for Approximately JPY 10.3 Billion

Comforia Residential REIT to Acquire Five Rental Housing Properties for Approximately JPY 10.3 Billion

Comforia Residential REIT, Inc. decided on July 13, 2026, to acquire five rental housing properties in the greater Tokyo metropolitan area. The total planned acquisition price is JPY 10.263 billion. The properties will be acquired in stages from August 3 to August 6 of the same year.

Of the five properties, "COMFORIA Shimo" (Kita Ward, Tokyo; planned acquisition price of JPY 2.841 billion) and "COMFORIA Musashi-Urawa" (Minami Ward, Saitama City; JPY 2.795 billion) are composed primarily of family-type units. As of the end of April 2026, their occupancy rates were 96.4% and 92.6%, respectively.

Meanwhile, "COMFORIA Gotanno" (Adachi Ward; JPY 1.352 billion), "COMFORIA Nishi-Takashimadaira" (Itabashi Ward; JPY 1.886 billion), and "COMFORIA Ayase" (Adachi Ward; JPY 1.389 billion) are composed primarily of single-type units. All three are relatively new properties completed between 2021 and 2023, with occupancy rates remaining at a high level of 96.5% to 100.0% as of the end of April 2026.

The REIT views the outflow of child-rearing households from Tokyo's 23 wards as continuing, while population inflow persists in the outer areas of the greater Tokyo region, including Saitama City, Adachi Ward, and Kita Ward. As part of a series of asset replacements accompanying this public offering, the REIT is disposing of rental housing in the Kansai region and student apartments with limited rent growth potential due to long-term fixed contracts, while acquiring rental housing in the greater Tokyo area (see related article: Comforia Residential REIT, Inc. Transfers Student Housing Properties and Acquires Three Rental Residential Assets). Following this series of asset replacements, the greater Tokyo area's share of the rental housing portfolio is expected to rise from 95.6% to 96.5%, as the REIT continues to concentrate investment in areas with ongoing population inflow and rent growth.

Key Facts

  • Buyer: Comforia Residential REIT, Inc.
  • Contract Date: July 13, 2026
  • Total Planned Acquisition Price: JPY 10,263 million
  • Total Appraisal Value: JPY 10,970 million
  • Property Name: COMFORIA Shimo (current name: Neo Prominence)
    • Transaction Type: Real estate trust beneficiary interest
    • Seller: Sumitomo Mitsui Trust Panasonic Finance Co., Ltd.
    • Location: 3-21-5 Shimo, Kita Ward, Tokyo
    • Nearest Station(s): One-minute walk from Shimo Station on the Tokyo Metro Namboku Line / 15-minute walk from Akabane Station on JR lines
    • Planned Acquisition Date: August 3, 2026
    • Planned Acquisition Price: JPY 2,841 million
    • Appraisal Value: JPY 3,100 million (April 30, 2026, Japan Valuers Co., Ltd.)
    • Completion: April 1994
    • Number of Floors: 12F (steel-reinforced concrete construction)
    • Area: Site Area approximately 439 tsubo (approx. 15,600 sq. ft.) / Gross Floor Area approximately 1,439 tsubo (approx. 51,200 sq. ft.)
    • Total Units: 52
    • Occupancy Rate: 96.4% (as of April 30, 2026)
  • Property Name: COMFORIA Musashi-Urawa (current name: Luminal / Etoile)
    • Acquisition Type: Real estate
    • Seller: Undisclosed (registered owner: ML Estate Co., Ltd., as of July 13, 2026)
    • Location: 5-6-11, 6-28 Shirahata, Minami Ward, Saitama City, Saitama Prefecture
    • Nearest Station(s): Six-minute walk from Musashi-Urawa Station on the JR Saikyo Line and Musashino Line
    • Planned Acquisition Date: August 3, 2026
    • Planned Acquisition Price: JPY 2,795 million
    • Appraisal Value: JPY 3,030 million (April 30, 2026, Japan Valuers Co., Ltd.)
    • Completion: February 2008
    • Number of Floors: 12F, two buildings (reinforced concrete construction)
    • Area: Site Area approximately 668 tsubo (approx. 23,800 sq. ft.) / Gross Floor Area approximately 1,385 tsubo (approx. 49,300 sq. ft.)
    • Total Units: 66
    • Occupancy Rate: 92.6% (as of April 30, 2026)
  • Property Name: COMFORIA Gotanno (current name: Genovia Gotanno Sky Garden)
    • Acquisition Type: Real estate trust beneficiary interest
    • Seller: Undisclosed (registered beneficiary: J-Core Resi 5 GK 5, as of July 13, 2026)
    • Location: 2-2-8 Umeda, Adachi Ward, Tokyo
    • Nearest Station(s): 10-minute walk from Gotanno Station on the Tobu Isesaki Line
    • Planned Acquisition Date: August 5, 2026
    • Planned Acquisition Price: JPY 1,352 million
    • Appraisal Value: JPY 1,400 million (June 1, 2026, Japan Real Estate Institute)
    • Completion: September 2021
    • Number of Floors: 10F (reinforced concrete construction)
    • Area: Site Area approximately 111 tsubo (approx. 3,900 sq. ft.) / Gross Floor Area approximately 497 tsubo (approx. 17,700 sq. ft.)
    • Total Units: 45
    • Occupancy Rate: 100.0% (as of April 30, 2026)
  • Property Name: COMFORIA Nishi-Takashimadaira (current name: Genovia Nishi-Takashimadaira Sky Garden)
    • Acquisition Type: Real estate trust beneficiary interest
    • Seller: Undisclosed (registered beneficiary: J-Core Resi 5 GK 1, as of July 13, 2026)
    • Location: 1-48-20 Misono, Itabashi Ward, Tokyo
    • Nearest Station(s): Four-minute walk from Nishi-Takashimadaira Station on the Toei Mita Line
    • Planned Acquisition Date: August 5, 2026
    • Planned Acquisition Price: JPY 1,886 million
    • Appraisal Value: JPY 1,970 million (June 1, 2026, Japan Real Estate Institute)
    • Completion: July 2021
    • Number of Floors: 10F (reinforced concrete construction)
    • Area: Site Area approximately 206 tsubo (approx. 7,300 sq. ft.) / Gross Floor Area approximately 636 tsubo (approx. 22,600 sq. ft.)
    • Total Units: 57
    • Occupancy Rate: 98.6% (as of April 30, 2026)
  • Property Name: COMFORIA Ayase (current name: Alpha Court Ayase 3)
    • Acquisition Type: Real estate trust beneficiary interest
    • Seller: Lumina3 TMK (Tokutei Mokuteki Kaisha)
    • Location: 2-41-2 Ayase, Adachi Ward, Tokyo
    • Nearest Station(s): Nine-minute walk from Ayase Station on the Tokyo Metro Chiyoda Line and JR Joban Line
    • Planned Acquisition Date: August 6, 2026
    • Planned Acquisition Price: JPY 1,389 million
    • Appraisal Value: JPY 1,470 million (June 1, 2026, Japan Real Estate Institute)
    • Completion: July 2023
    • Number of Floors: 10F (reinforced concrete construction)
    • Area: Site Area approximately 93 tsubo (approx. 3,300 sq. ft.) / Gross Floor Area approximately 465 tsubo (approx. 16,500 sq. ft.)
    • Total Units: 40
    • Occupancy Rate: 96.5% (as of April 30, 2026)

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