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Nikkei announced Daiwa Securities is taking over 100% the Davinci Select reit advisor and buying 13% of its managed JREIT DA Office Investment Corp (8976) at 190K/share. Daiwa plans to use its strong credit to work through refinancing issues and the synergies created to grow related income streams. This will take some pressure off DaVinci, looks like the market has already noticed though.

http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSBNG46369120090616

Expect more deals soon.

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