NIPPON REIT Investment Corp (JP:3296) has released an update.
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NIPPON REIT Investment Corp announces strategic portfolio rebalancing by selling older properties above appraisal value and investing in new, larger properties, aimed at maintaining income levels. The company is also exploring new asset types and has a plan to improve unitholder value through the purchase of own investment units and a focus on distribution per unit (DPU) enhancement strategies.
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