NIPPON REIT Investment Corp (JP:3296) has released an update.
NIPPON REIT Investment Corporation has updated its self-imposed rules to allow for more flexible cost-sharing during property acquisitions from Interested Parties. The revised rules enable NIPPON REIT to bear Bridge Fund Expenses separately from the acquisition price, which remains capped at third-party appraisal values. This change aims to enhance unit-holder value and ensure the appropriateness of transactions with Interested Parties while maintaining transparency in acquisition costs.
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