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.
