Translated from Japanese original
June 20, 2022
To all stakeholders
Issuer of REIT:
Kenedix Residential Next Investment Corporation
Representative: Tetsu Kawashima, Executive Director
(Securities code: 3278)
Asset Management Company:
Kenedix Real Estate Fund Management, Inc.
Representative: Masahiko Tajima, President and Chief Executive Officer
contact:Shin Yamamoto, Head of Strategic Planning,
Housing department REIT
TEL:+ 81-3-5157-6011
Notice of inheritance of merger status
Kenedix Residential Next Investment Corporation announced today that it will decide to accept the inheritance of operator status due to the next merger of the operator of the health facility that the investment corporation owns (“Heritage”). The details are as follows.
1. Summary of inheritance
Trust Garden Co., Ltd. is the operator of the (H-10) Activa Biwa (“Facility”). HIMEDIC, Inc., which belongs to the same parent company, Resorttrust, Inc. and manages medical operations, will merge with Trust Garden Co., Ltd. with effect from 1 July 2022 (Note). As a result, HIMEDIC, Inc., as a surviving company, will inherit the status of Operator of the Facility.
The merger is expected to enable medical and adult lifestyle operations to be further developed in the Resorttrust group by creating synergies between medical and medical services. The Investment Corporation decided to accept the request for inheritance, as the merger will contribute to the creation of a flexible structure for the provision of services in the Mechanism, which meets the needs of changing times and to maximize the interests of shareholders.
(Note) The shareholders’ meeting will be held on June 28, 2022, at which a decision will be made to accept the merger. For more details, please see the press release issued by Resorttrust, Inc. HIMEDIC, Inc. and Trust Garden Co., Ltd.
2. Change of operator through continuity
Property name:(H-10) Activate Biwa
|
New operator |
Current operator |
|
|
Operator name (final tenant) |
HIMEDIC, Inc. |
Trust Garden Co., Ltd. |
(Note) HIMEDIC, Inc. will inherit this lease without changing the terms and conditions.
Effective date:July 1, 2022
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3. Review a new operator
Company profile and business overview
|
Company name |
HIMEDIC, Inc. |
|
Address |
Resorttrust Tokyo Bldg., 6F 4-36-19, Yoyogi, Shibuya-ku Tokyo |
|
Representative |
Arioshi Fushimi, President |
|
Business description |
Construction and operation of medical institutions to order from |
|
medical establishments, sale of membership for use of medical establishments |
|
|
by members, etc. |
|
|
Capital |
300 million yen |
|
Established |
September 29, 1992 |
|
Net sales |
18.4 billion yen |
(Note) Equity is based on the register as of April 27, 2022, Net sales are based on financial statements for the fiscal period ended March 2021, and other items are based on information published by HIMEDIC, Inc.
Parent company profile and business overview
|
Company name |
Resorttrust, Inc. |
|
Address |
2-18-31, Higashisakura, Naka-ku, Nagoya-shi, Aichi |
|
Representative |
Yoshiro Ito, founder and CEO of the group |
|
Katsuyasu Ito, Chairman of the Board |
|
|
Arioshi Fushimi, President |
|
|
Business description |
Sale and administration of membership, operation of hotels and restaurants, |
|
etc., operation of golf clubs, medical business, other businesses. |
|
|
Capital |
19.5 billion yen |
|
Established |
April 2, 1973 |
|
Net sales |
157.7 billion yen |
(Note) Equity is based on the register as of June 7, 2022. Net sales are based on financial statements for the fiscal period ended March 2022, and other items are based on information published by Resorttrust, Inc.
* URL of the investment corporation’s website: https://www.kdr-reit.com/en/
[Provisional Translation Only]
The English translation of the original Japanese document is provided for informational purposes only.
If there are any discrepancies between this translation and the Japanese original, the latter takes precedence.
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