| From Forbes: Japan Retail Fund Investment Corp is considering selling shares to raise as much as 50 billion yen ($570 million) once its planned merger with LaSalle Japan REIT is completed in March, the retail fund's asset manager said.
JRF, which owns 50 commercial buildings including shopping malls, plans to merge with LaSalle REIT by March 1. The new REIT would have total assets of over 700 billion yen ($7.7 billion) putting it just behind Nippon Building Fund Inc, the biggest listed REIT in Japan.................................Full Article: Source
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