by Investment in Japan
Comforia Residential REIT, Inc (“Investment Corporation”) announces that it has resolved at the board of directors’ meeting held today concerning the issuance of new investment units and secondary offering of investment units.
Comforia Residential REIT, Inc (the “Investment Corporation”) announces that TLC REIT Management Inc., to which the Investment Corporation entrusts management of its assets (the “Asset Management Company”) decided today for the Investment Corporation to acquire and lease the investment assets (COMFORIA SHIBUYA WEST, and other 8 assets). In addition, the acquisition and the lease of investment assets are approved by the Investment Corporation’s Board of Directors in accordance with the Act on Investment Trusts and Investment Corporations (Act No.198 of 1951. Including subsequent revisions) (“Act on Investment Trusts and Investment Corporations”) and the bylaws of the Asset Management Company concerning transaction with interested parties. (Please refer to “7. Asset Management Company’s Interested Parties in the Assets to be Acquired”)