Sekisui House Reit plans green bonds to fund ¥243 billion acquisition

By Devika Patel

Knoxville, Tenn., Dec. 14 – Sekisui House Reit, Inc. has amended its shelf registration to sell a new green bond in February 2019.

MUFG, Morgan Stanley & Co. LLC, Mizuho Securities Co., Ltd. and Nomura Securities Co., Ltd. are the lead managers.

Proceeds will be used to acquire new or existing green real estate properties that provide “sustainable living bases” for residents of residential properties and “sustainable bases of operation” for tenant companies of commercial properties, the company said in an announcement.

The company said in the announcement that management would like to acquire 48 green real estate properties for a total acquisition price of ¥243 billion.

The real estate investment trust is based in Tokyo.

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