Daiwa Securities Living REIT Secures ¥2.3 Billion Loan for Rental Housing Acquisitions
Daiwa Securities Living REIT has secured a JPY 2.3 billion loan from MUFG Bank to fund part of its upcoming rental housing acquisitions. The short-term bank loan will be used to finance four domestic properties scheduled to close on October 8, 2026. This new financing does not change the company's disclosed investment risk profile and is within its established capital structure.
The JPY 2.3 billion loan will have a one-year term ending September 30, 2027, with interest tied to the JBA 1-month Japanese Yen TIBOR benchmark. Following this transaction, Daiwa Securities Living REIT's total borrowings will rise from JPY 196.3 billion to JPY 198.6 billion, lifting overall interest-bearing debt to JPY 212.5 billion.