Kasumigaseki Hotel REIT Investment Corp (Ticker: 401A JP) is a Japan-based real estate investment trust focused on the hotels segment, managed by Mizuho Securities Co Ltd. The REIT plans to list on the Tokyo Stock Exchange on August 13, 2025, offering 285,700 primary shares at JPY 100,000 each, raising approximately JPY 28.57 billion (USD 195.13 million). A greenshoe option of 12,690 shares (4.44% of the base offering) is included. At the offer price, the market capitalization is estimated at JPY 28.73 billion (USD 196.23 million). According to filings, proceeds will reportedly be used to acquire hotel assets developed by Kasumigaseki Capital, supporting stable revenue growth and Japan’s tourism industry. The REIT’s portfolio targets spacious, group-accommodation hotels under brands such as Fav, Fav Lux, Edit x Seven, Seven x Seven, and Base Layer, aiming to address undersupply in this hospitality niche.