Mitsubishi Estate Logistics REIT (TYO:3481) and LaSalle LOGIPORT REIT (TYO:3466) signed an agreement to explore the securitization of properties they co-own, according to a Thursday filing on the Tokyo Stock Exchange.
Under the plan, the two firms may transfer joint co-ownership interests in assets such as LOGIPORT Sagamihara, Hashimoto, Osaka Taisho, and Kawasaki Bay to a special purpose company (SPC), in which they could also invest.
The move would allow both REITs to realise capital gains while maintaining indirect asset exposure.
No final decision has been made, and there is no guarantee the transaction will proceed.
Price (JPY): $139200.00, Change: $+300, Percent Change: +0.22%
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.