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Kenedix Residential Investment Corporation ¥23.9 billion investment unit offer

5/2/2015
Share offer
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¥ 23.9 billion

$ 203 million

Announced

5/2/2015

Overview:

  • Kenedix Residential Investment Corporation has undertaken a ¥23.9 billion offer of investment units.
  • Kenedix Residential Investment Corporation is a Japanese real estate investment trust (J-REIT).
  • The units were sold into the US under Rule 144A/Reg S.
  • The funds raised will finance the acquisition of 11 residential properties in Tokyo. Following the deal Kenedix will have 103 properties on its books.
  • Bank of America Merrill Lynch and Sumitomo Mitsui Banking Corporation acted as underwriters.

Sam Duke - Editor

Jurisdiction:

Japan

Deal type:

Share offer

Practice area:

Capital markets : Equity

Governing law:

England and Wales

Industry sectors:

Financial services
Real estate

Firms:
Morgan Lewis & Bockius

Party: Bank of America Merrill Lynch (Underwriter)

Party: SMBC Nikko Capital Markets (Underwriter)

Lawyer: Carter Brod

Morrison & Foerster

Party: Bank of America Merrill Lynch (Underwriter)

Party: SMBC Nikko Capital Markets (Underwriter)

Lawyer: Mitsutoshi Uchida

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