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Parkway Life REIT acquires two nursing homes in Japan for $49.4 mil

Felicia Tan
Felicia Tan6/30/2021 9:50 PM GMT+08  • 3 min read
Parkway Life REIT acquires two nursing homes in Japan for $49.4 mil
The manager believes that the acquisition will be accretive to PLife REIT’s distribution per unit (DPU).
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The manager of Parkway Life REIT (PLifeREIT) has announced on June 30 that it has entered into a Tokumei Kumiai agreement (or silent partnership agreement) to acquire two nursing homes in Japan for a consideration of 4.1 billion yen ($49.4 million).

The agreement was signed by the REIT’s wholly-owned subsidiary, Parkway Life Japan4, with Kabushiki Kaisha Strawberry Firm and Kabushiki Kaisha Anthebliss.

The nursing homes, Will-Mark Kashiihama and Crea Adachi, are owned by Kabushiki Kaisha Strawberry Firm and Kabushiki Kaisha Anthebliss respectively.

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