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Hoshino Resorts REIT to buy properties for ¥29B

Hoshino Resorts REIT Inc. will purchase real estate assets for ¥29.04 billion, Reuters reported.

The real estate investment trust will take on loans amounting to ¥10 billion to fund the acquisition, which is expected to be completed Nov. 1.

As of Oct. 10, US$1 was equivalent to ¥112.02.