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Comforia Residential prices ¥11.63B issuance of new investment units

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Comforia Residential prices ¥11.63B issuance of new investment units

Comforia Residential REIT Inc. plans to issue 47,800 new investment units through a public offering at an issue price of ¥243,252 per unit.

The company scheduled the subscription period for the approximately ¥11.63 billion issuance between Jan. 19 and Jan. 20. It also priced an overallotment option of 2,390 units at the same amount for the public offering.

Comforia Residential will also issue new investment units via a third-party allotment Feb. 21. It plans to use some of the proceeds to fund its acquisition of eight apartment and dormitory buildings in Japan for approximately ¥18.45 billion.

As of Jan. 18, US$1 was equivalent to ¥113.21.