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Mori Sogo Reit ( (JP:8961) ) has provided an update.
MORI TRUST REIT, Inc. has announced the acquisition of an additional 9.155% co-ownership interest in the Sendai MT Building, making it the sole owner of the property. This acquisition aligns with the company’s external growth strategy and is expected to enhance asset value and liquidity. The Sendai MT Building, located near JR Sendai Station, is a high-quality office property with excellent transportation access and a stable occupancy rate. The acquisition demonstrates MORI TRUST’s commitment to supporting MTR and is expected to provide a reasonable yield and stable occupancy.
More about Mori Sogo Reit
MORI TRUST REIT, Inc. is a real estate investment trust that focuses on managing and acquiring real estate assets, primarily office properties, through its asset management company, MORI TRUST Asset Management Co., Ltd. The company leverages sponsor support to enhance its asset portfolio and aims to achieve stable yields and growth in asset value.
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