One REIT sells aging Nagoya tower in three slices to smooth a ¥2.9bn gain
One REIT is selling its 38-year-old Nagoya Fushimi Square Building for ¥8.01bn in three tranches through March 2027, banking part of the ¥2.9bn gain as tax-deferred reserves so the profit lifts several distributions instead of spiking just one.