June 22, 2010

2 Mid-sized REITs To Merge

Canal Investment Trust Co., Ltd the asset management company of Crescendo Investment Company announced that Canal Investment has decided to acquire all the shares of Japan Single-Residence Asset Management Corp. from Apamanshop Sublease Co., Ltd., Lehman Brothers Investments Japan Inc. and K.K. daVinci Holdings. Crescendo invests in office buildings and rental housing while Japan Single-Residence focuses on rental accommodations and hotels.

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