REIT Financial News - 13 JUL 2010: PLIFE - ACQUISITION OF FIVE PROPERTIES LOCATED IN JAPAN

ACQUISITION OF FIVE PROPERTIES LOCATED IN JAPAN. See:

• Press Release
• Announcement

Key Points

• Acquires properties at an attractive purchase consideration of approximately S$46.8 million.
• Expected net property yield of 8.35%
• Fully funded by five-year unsecured committed Japanese yen facility at an attractive rate of approximately 1.8%.
  

Author's Note
This is the fourth round of acquisitions by Plife since IPO. As with the previous acquisitions, the properties are all in Japan. The latest acquisition follows closely after the acquisition of 6 nursing homes announced in JUN 2010.