HEIWA REAL ESTATE REIT To Acquire Office Building in Akishima for JPY 2.23 Billion
HEIWA REAL ESTATE REIT announced on September 24, 2026, that it will acquire HF Akishima Ekimae Building (current name: Akishima Showa No. 2 Building), an office building in Akishima, Tokyo. The planned acquisition price is JPY 2.23 billion. The seller is a domestic business company whose name has not been disclosed. The sale and purchase agreement was signed on September 24, and the acquisition is scheduled for September 29.
The property is a two-minute walk from JR Akishima Station and stands on a corner lot at an intersection across from the large commercial facility Mori Town. Completed in 1988, the five-story building has a typical floor plate of approximately 255 tsubo (approx. 9,100 sq. ft.). The appraisal value is JPY 2.86 billion, and the appraisal NOI yield on the planned acquisition price is 6.0%. The building has 15 tenants, and its occupancy rate by floor area was 95.9% as of the end of August 2026.
As of the end of August 2026, market rents exceeded the property's contracted rents by 14.7%, and the REIT expects earnings growth from future rent increases. In August 2026, the REIT also acquired two rental housing properties in Edogawa Ward. Citing external growth including the current acquisition, as well as confirmed growth in rental income from existing properties, the REIT raised its distribution forecast per unit for the fiscal period ending May 2027 from JPY 4,040 to JPY 4,070 on the same day as the announcement.
After the acquisition, the portfolio is expected to total JPY 283.494 billion, consisting of approximately 53.9% offices and approximately 46.1% residential properties based on acquisition price.
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Key Facts
- Property Name: HF Akishima Ekimae Building (current name: Akishima Showa No. 2 Building)
- Asset to Be Acquired: Trust beneficiary interest in real estate
- Buyer: HEIWA REAL ESTATE REIT, Inc.
- Seller: Undisclosed
- Planned Acquisition Price: JPY 2.23 billion
- Appraised Value: JPY 2.86 billion, by Daiwa Real Estate Appraisal Co., Ltd. as of September 1, 2026
- Appraisal NOI Yield: 6.0%
- Agreement Date: September 24, 2026
- Scheduled Acquisition Date: September 29, 2026
- Location: 2-4-4 Daikanyama, Akishima, Tokyo
- Nearest Station(s): Two-minute walk from Akishima Station on the JR Ome Line
- Completion: October 1988
- Number of Floors: 5F (reinforced concrete construction)
- Use: Office / Retail
- Area: Typical floor plate of approximately 255 tsubo (approx. 9,100 sq. ft.) / Gross Floor Area of approximately 1,305 tsubo (approx. 46,400 sq. ft.)
- Number of Tenants: 15
- Occupancy (by floor area): 95.9% (as of August 31, 2026)
- Property Manager: Toyo Real Estate Property Management Co., Ltd.
- Master Lessee: Toyo Real Estate Property Management Co., Ltd. (pass-through)