One REIT Buys Okinawa Resort Hotel Below Appraisal, Raises Payout Forecast
The Tokyo-listed trust is swapping a 38-year-old Nagoya office building for a 300-room Okinawa resort priced 19.3% below appraisal, bridging the gap with a ¥5bn Mizuho loan and issuing a first, record ¥2,780 per-unit payout forecast for the half to August 2027.