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Nippon Accommodations Fund Expands Portfolio with Tokyo Property Acquisition

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Nippon Accommodations Fund Expands Portfolio with Tokyo Property Acquisition

Nippon Accommodations Fund Inc. ( (JP:3226) ) has issued an announcement.

Nippon Accommodations Fund Inc. has announced the acquisition of Park Cube Koiwa, a residential property in Tokyo, for ¥1,360,000 thousand. This acquisition aligns with NAF’s strategy to enhance its investment portfolio and is expected to cater to family households due to its favorable location and living environment.

More about Nippon Accommodations Fund Inc.

Nippon Accommodations Fund Inc. (NAF) operates in the real estate investment trust (REIT) sector, focusing on acquiring and managing residential properties in Japan. The company is managed by Mitsui Fudosan Accommodations Fund Management Co., Ltd., which oversees its asset portfolio to ensure steady growth and diversification.

YTD Price Performance: -1.04%

Average Trading Volume: 5,201

Technical Sentiment Signal: Buy

Current Market Cap: Yen286.7B

See more data about 3226 stock on TipRanks’ Stock Analysis page.

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