Global Alliance Realty will acquire an additional 4,000 investment units of Global One Real Estate Investment (TYO:8958), according to a Friday filing with the Tokyo Stock Exchange.
The asset manager will purchase the investment units from March 7 to Sept. 12.
The maximum units to be purchased account for 0.40% of the real estate investment trust's (REIT) total investments issued as of Feb. 28.
Following the acquisition, Global Alliance Realty will hold 1% of the REIT's investment units.
With the acquisition, the asset manager looks to reaffirm its commitment to the REIT's medium- to long-term growth.
Price (JPY): $112800.00, Change: $+6200, Percent Change: +5.82%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.