Parkway Life REIT: Fortifies Its Nursing Home & Care Facilities Portfolio In Japan With Its 2nd Acquisition In 4Q14 For S$18.9 Million.

19 Dec 2014 17:12

Parkway Life Real Estate Investment Trust is pleased to announce the purchase of a nursing home and care facility property, Ocean View Shonan Arasaki for a purchase price of JPY1,700 million, approximately S$18.9 million, from Oueikikaku Kabushiki Kaisha. It is expected to generate a net property yield of 6.9% and the acquisition is expected to be completed by January 2015...

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Source: ShareInvestor Express