Parkway Life REIT (PLife REIT) has acquired two nursing homes in Osaka from K.K. FDS (FDS), for a consideration amount of JPY1,766.4 million ($16.4 million), according to a release dated Oct 18.

HSBC Institutional Trust Services (Singapore) Limited, as trustee of PLife REIT, has through its wholly-owned subsidiary, Parkway Life Japan Pte. Ltd., entered into a silent partnership, similar to the holding structure for PLife REIT’s previous acquisitions in Japan, for the acquisition of the properties.