The purchase price is at a discount of 11.8% off the appraised value of $54.1 million of these properties as at June 30.
Daiwa House Logistics Trust has launched its maiden acquisition following its IPO last November, with plans to buy two freehold logistics facilities and a piece of freehold land in Japan from sponsor Daiwa House Industry for 4,68 billion yen, or $47.7 million.
According to DHLT, the blended implied NPI yield for these two properties is 6.5%, which is higher than the blended NPI yield of the existing properties in DHLT's portfolio of 6.1%.
