The three operating properties were built between two and four years ago. Lime Residence Hiratsuka West, comprising 115 units, was completed in 2023. Lime Residence Hiratsuka East, with 63 units, was completed in 2022. Live Casa Hiratsuka, featuring 55 units, was completed in 2024.
CapitaLand Ascott Trust (CLAS) has acquired three freehold rental housing properties in Southern Kanagawa, Greater Tokyo, Japan for a total consideration of JPY4.6 billion ($38.3 million) from Patience Capital Group, an unrelated third party.
The properties have an average occupancy of over 95% and average lease terms of about two years, announced CLAS on Feb 23.
