Japanese diversified real estate investment trust Nomura Real Estate Master Fund signed a credit loan agreement for ¥30 billion with a syndicate of banks.
The agreement will allow the company to draw the amount starting March 1 through Feb. 28, 2019.
Nomura intends to use the funds to expand its portfolio, buy trust beneficial interest, repay debts and for other miscellaneous expenses.
The syndicate of lenders includes The Bank of Tokyo-Mitsubishi UFJ, Ltd., Sumitomo Mitsui Banking Corp., Mizuho Bank Ltd., Mitsubishi UFJ Trust and Banking Corp., and Sumitomo Mitsui Trust Bank Ltd.
