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Activia Properties executive director to resign

Nariaki Hosoi will step down as an executive director of Activia Properties Inc., effective March 31.

The Tokyo-based company will appoint Kazuyuki Murayama, an alternate executive director, as a new executive director April 1.

Murayama works in the Activia management division of TLC REIT Management Inc., Activia's asset manager, as general manager of the strategy department.