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Unit holders OK Sekisui House Residential, Sekisui House REIT merger

Unit holders of multifamily-focused real estate investment trust Sekisui House Residential Investment Corp. approved the proposals for the merger the company agreed to Jan. 24 with Sekisui House Reit, Inc.

The absorption-type merger will take effect May 1 and will involve the dissolution of Sekisui House Residential and suspension of its listing on the Tokyo stock exchange on April 25.