Ascott Residence Trust (ART) is acquiring three freehold rental housing properties in central Sapporo for JPY6.78 billion ($85.2 million).

The properties comprise a total of 411 units and will increase ART’s portfolio in Japan to over 4,500 units in 22 serviced residences, hotels and rental housing properties across nine cities. Post-completion, ART will have 14 rental housing properties in Japan, including four in Sapporo.

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