ORIX JREIT Inc. (TSE:8954) agreed to acquire Three properties in Japan from Osaka Gas Urban Development Co., Ltd. for ¥5.9 billion on March 29, 2024. The consideration consists of ¥3.05 billion paid by disposing Round-Cross Akasaka property and balance ¥1.25 billion paid out in cash to acquire Cross Residence Awaza and Cross Residence Kobe Motomachi and ¥1650 million paid to acquire Cross Residence Kiyosumi-Shirakawa. The cash will be paid by own funds.

The expected date of contract is on March 26, 2024. The expected date of acquisition is on April 26, 2024.