(Bloomberg) -- Starts Proceed Investment Co., a Tokyo-based real estate investment trust, plans to acquire about 10 billion yen ($107 million) of apartments as early as May, the most since 2008.
Starts Proceed, the owner of 76 apartments, will add about 12 properties to its portfolio, said Kazuya Hiraide, president of Starts Asset Management Co., which manages the trust. Half of the funding will be from a public offering, while the other half will be from debt, he said.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access