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CRE Logistics REIT acquires 4 properties for ¥28.3B

Japan-based CRE Logistics REIT paid ¥28.26 billion to acquire four real estate properties, Reuters reported, citing a Japanese filing.

The trust borrowed ¥12.37 billion to fund the purchase, the report added.

CRE Logistics, a private real estate investment trust established by CRE Inc., is expected to debut on the Tokyo Stock Exchange Feb. 7.

As of Feb. 6, US$1 was equivalent to ¥109.14.