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Despite ‘neutral’ call, analysts are upbeat on Parkway Life REIT amid expanding Japan footprint

Chloe Lim
Chloe Lim9/14/2022 11:52 AM GMT+08  • 3 min read
Despite ‘neutral’ call, analysts are upbeat on Parkway Life REIT amid expanding Japan footprint
Analysts are upbeat on Parkway Life REIT (PLife REIT) following its latest acquisition announced on Sept 13. Photo: Samuel Isaac Chua/The Edge Singapore
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Analysts are upbeat on Parkway Life REIT (PLife REIT) following its latest acquisition announced on Sept 13.

PLife REIT announced the acquisition of three nursing homes – Blue Terrace Kagura, Blue Rise Nopporo and Blue Terrace Taisetsu – in the Hokkaido region in Japan for a total purchase price of 2.56 billion yen ($26.1 million), or 12.2% below independent valuation.

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