The asset managers of Mitsubishi Estate Logistics REIT's (TYO:3466) and LaSalle LOGIPORT REIT (TYO:3481) agreed to explore the securitization of jointly owned properties and potential equity investment in a special purpose vehicle (SPV).
The collaboration aims to balance realizing gains with financing, optimize capital strategies in response to market changes, and enhance unitholder value for both REITs, according to a Thursday bourse filing.
While the agreement signifies intent for good-faith discussions, neither party has made a final decision or is obligated to proceed with the transaction, and the details remain undetermined.
Future steps include selecting specific properties, determining transaction conditions and timing, and considering the SPV structure and financing methods.
Price (JPY): $139700.00, Change: $+800, Percent Change: +0.58%
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