Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Equity Capital Markets

Nippon Accommodations Fund / Equity Capital Markets

<p>Tokyo-based Residential JREIT <a href="https://www.smartkarma.com/entities/nippon-accommodations-fund" target="_blank" data-smartkarma-citation="entities:4588:1" rel="noopener">Nippon Accommodations Fund (3226 JP)</a> ("NAF") announced a <a href="https://www.naf-r.jp/file/en-ir_news-38c56d05a6b895abb26f83905c055ce1a919574c.pdf" target="_blank" rel="noopener">follow-on equity offering</a> today in order to fund their recent acquisition of four residential properties. </p><p>The primary offer quantity is 18,000 units and the over-allotment quantity is 950 units (upper limit). The size of this offering could be around ¥10.4bn (~US$100mn). </p><div><p>The Issue price will be decided between the 9th and 15th December (typically it has been the first day of this window for most JREIT offerings) and the application period will be the next two business days immediately after the pricing date. </p></div><div><p><em>More below the fold. </em></p></div>

Tokyo-based Residential JREIT Nippon Accommodations Fund (3226 JP) ("NAF") announced a follow-on equity offering today in order to fund their recent acquisition of four residential properties. The primary offer quantity is 18,000 units and the over-allotment quantity is 950 units (upper limit). The size of this offering could be around ¥10.4bn (~US$100mn). The Issue price will be decided between the 9th and 15th December (typically it has been the first day of this window for most JREIT offerings) and the application period will be the next two business days immediately after the pricing date. More below the fold. 

JREIT Offering: Nippon Accommodations Fund (3226 JP) - Take It

Japan

Japan Rental Housing Investments Inc. is a real estate investment trust (REIT) which invests in securitized real estate products.  The Company mainly invests in residential properties.

Japan Rental Housing Investment (8986 JP)

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JREIT Offering: Nippon Accommodations Fund (3226 JP) - Take It

This is a $100mm REIT offering by a Residential J-REIT. It is worth buying. Buying precedent offers has resulted in positive relative returns 3 of...

Janaghan Jeyakumar, CFA