Samty Residential To Sell Rental Apartment in Nagoya's Atsuta Ward for JPY 942 Million
Samty Residential Investment Corporation announced on September 28, 2026, that it will sell the trust beneficiary interest in S-FORT Atsuta Hanamachi, a rental apartment building in Atsuta Ward, Nagoya. The scheduled sale price is JPY 942 million, with the sale and purchase agreement to be signed on September 30 and delivery on December 1. The buyer is a domestic business company.
The property is a six-minute walk from Kanayama Station, served by JR, Meitetsu and Nagoya Municipal Subway lines. Completed in 2017, the 10-story building has 36 units. Its occupancy rate was 94.4% as of the end of July 2026.
The scheduled sale price slightly exceeds the appraisal value of JPY 939 million. The REIT acquired the property for JPY 836 million in May 2021 and expects a gain on sale of approximately JPY 81 million after holding it for about five years and six months. It plans to distribute the full amount of the gain to unitholders. The appraisal NOI yield on the scheduled sale price is approximately 4.1%.
According to the REIT, the buyer offered to acquire the property at or above its appraisal value, and after comprehensively considering the price level, the property's medium- to long-term earning power and its asset replacement policy, the REIT decided to realize the unrealized gain. In July 2026, it also sold two stably operating rental housing properties in Suita, realizing unrealized gains (see related article: Samty Residential to Sell Two Rental Housing Buildings in Suita for JPY 1.4 Billion).
After the sale, the REIT's portfolio is expected to comprise 188 properties with a total acquisition price of JPY 172.1 billion.
Key Facts
- Property Name: S-FORT Atsuta Hanamachi
- Seller: Samty Residential Investment Corporation
- Buyer: Undisclosed (domestic business company)
- Asset to Be Sold: Trust beneficiary interest in real estate
- Scheduled Sale Price: JPY 942 million
- Appraised Value: JPY 939 million, by Tanizawa Sogo Appraisal Co., Ltd. as of July 31, 2026
- Appraisal NOI Yield: Approximately 4.1%
- Expected Book Value: JPY 840 million
- Acquisition Price: JPY 836 million (acquired on May 31, 2021)
- Agreement Date: September 30, 2026 (scheduled)
- Delivery Date: December 1, 2026 (scheduled)
- Broker: Samty Co., Ltd.
- Location: 2-3 Hanamachi, Atsuta Ward, Nagoya, Aichi Prefecture
- Nearest Station(s): Six-minute walk from Kanayama Station on the JR Chuo Main Line and Tokaido Main Line, the Meitetsu Nagoya Main Line, and the Nagoya Municipal Subway Meijo and Meiko lines
- Completion: September 2017
- Number of Floors: 10F (reinforced concrete construction)
- Use: Apartment
- Total Units: 36
- Unit Layouts: 1LDK
- Occupancy: 94.4% (as of July 2026)
- Area: Site area of approximately 93 tsubo (approx. 3,300 sq. ft.) / Gross Floor Area of approximately 477 tsubo (approx. 17,000 sq. ft.)
- Trustee: Mitsubishi UFJ Trust and Banking Corporation
