Japan Metropolitan Fund Investment Corporation has acquired 2 properties, m-City Toda-Koen and JMF Residence Osaka Awaji. The total acquisition price is ¥5.603 billion, comprising ¥4.869 billion for Toda-Koen and ¥734 million for Awaji.
Japan Metropolitan Fund Investment Corporation (JMF) is reported to be acquiring 2 properties, a retail facility and a residential property. The total acquisition price is ¥5.603 billion, comprising the Toda-Koen retail facility and the Awaji apartment building. The Toda-Koen property is a 10-minute walk from JR Saikyo Line Toda-Koen Station, and an increase in rent from spring 2027 onward has already been agreed.
The Toda-Koen property is a 2-story, community-oriented retail facility completed in 1999. It comprises stores selling daily necessities and a car park, centered on the Super Value Lopia supermarket as its anchor tenant. The acquisition price is ¥4.869 billion.
JMF Residence Osaka Awaji is a 10-story apartment building for single residents, completed in 2016, with a total of 54 units. Its occupancy rate was 100% as of the end of June. JMF acquired the property by exercising its preferential negotiation rights over the underlying asset in which it had made a silent partnership investment. The acquisition price is ¥734 million.