Japan: PLife to acquire three rehabilitation facilities

Parkway Life REIT is to acquire three nursing rehabilitation facilities in Japan from KK Habitation, Fuyo Shoji Kabushiki Kaisha and Medical Corporation Shojinkai for a total consideration of ¥3.7bn (US$34.1m). The REIT, which is owned by IHH Healthcare, has entered into a Tokumei Kumiai agreement – a silent partnership – to acquire the properties. “The…

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