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Advance Residence Investment ( (JP:3269) ) just unveiled an announcement.
Advance Residence Investment Corporation has announced the acquisition of RESIDIA Sakaisuji-Hommachi, a real estate asset in Osaka, Japan, for 710 million yen as part of its growth strategy. This acquisition aims to enhance the company’s asset portfolio, with the property offering a 4.5% NOI yield and a 100% occupancy rate, indicating a strong potential for steady income generation.
The most recent analyst rating on (JP:3269) stock is a Sell with a Yen140000.00 price target. To see the full list of analyst forecasts on Advance Residence Investment stock, see the JP:3269 Stock Forecast page.
More about Advance Residence Investment
Advance Residence Investment Corporation is a Real Estate Investment Trust (REIT) focused on acquiring and managing residential properties in Japan. The company is managed by ITOCHU REIT Management Co., Ltd., which is responsible for implementing its asset management strategies.
Average Trading Volume: 5,447
Technical Sentiment Signal: Buy
Current Market Cap: Yen485.2B
Learn more about 3269 stock on TipRanks’ Stock Analysis page.
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