Lead Real Estate Co., Ltd Announces Delivery of EXCELSIOR NAKAMEGURO in Tokyo
Lead Real Estate (Nasdaq: LRE) announced the sale and delivery of EXCELSIOR NAKAMEGURO, an income-producing 10-unit reinforced concrete condominium in Kamimeguro, Meguro, Tokyo.
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Rhea-AI Summary
Lead Real Estate (Nasdaq: LRE) announced the sale and delivery of EXCELSIOR NAKAMEGURO, an income-producing 10-unit reinforced concrete condominium in Kamimeguro, Meguro, Tokyo.
The company executed the sales contract on February 17, 2026 and completed delivery on February 27, 2026. Building area is approximately 4,667 sq ft with land area about 2,805 sq ft.
Details
News Market Reaction – LRE
On Mar 10, the day this news came out, LRE closed 0.75% above the previous close.
Data tracked by StockTitan Argus for the Mar 10 session.
Key Figures
- Condominium units
- 10 units
- EXCELSIOR NAKAMEGURO property size
- Building floors
- 3 floors
- Above-ground structure of EXCELSIOR NAKAMEGURO
- Building area
- 4,667 square feet
- Total building area of EXCELSIOR NAKAMEGURO
- Land area
- 2,805 square feet
- Land area of EXCELSIOR NAKAMEGURO site
- Sales contract date
- February 17, 2026
- Execution date of EXCELSIOR NAKAMEGURO sales contract
- Delivery date
- February 27, 2026
- Completion and delivery of EXCELSIOR NAKAMEGURO
Historical Context
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Completion and marketing start for Naoi Style Nakameguro Yutenji luxury home.
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Sponsored Newsweek editorial featuring the Jinryu Hotel Series properties.
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Appointment of Ken Takahashi as CFO to lead finance and planning.
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ENT TERRACE GINZA PREMIUM named Luxury Apartments of the Year in Kantō.
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Participation in Sidoti’s virtual investor conference with webcast presentation.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
reinforced concrete technical
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TOKYO, March 10, 2026 (GLOBE NEWSWIRE) -- Lead Real Estate Co., Ltd (Nasdaq: LRE) (“LRE” or the “Company”), a Japanese real estate developer of residential properties across Tokyo, Kanagawa Prefecture and Sapporo, today announced that it executed a sales contract for its income-producing condominium property, EXCELSIOR NAKAMEGURO, on February 17, 2026. The Company completed the delivery of the property on February 27, 2026.
EXCELSIOR NAKAMEGURO is a 10-unit reinforced concrete condominium located in Kamimeguro, Meguro, Tokyo. The property consists of three floors above ground, with a building area of approximately 4,667 square feet and a land area of approximately 2,805 square feet.
Actual Completed Exterior
Actual Completed Interior
Mr. Eiji Nagahara, Chief Executive Officer of Lead Real Estate Co., Ltd, commented:
“The sale and delivery of EXCELSIOR NAKAMEGURO demonstrates continued execution of our development and disposition strategy in central Tokyo. The disposition of this property reflects ongoing demand for our Excelsior series, and we continue to see opportunities to expand this product line in established residential areas of Tokyo.”
About Lead Real Estate Co., Ltd
Lead Real Estate Co., Ltd (Nasdaq: LRE) is a Japanese real estate developer of residential properties, including single-family homes and condominiums, across Tokyo, Kanagawa Prefecture, and Sapporo. In addition, the Company operates hotels in Tokyo and leases apartment building units to individual customers in Japan and Dallas, Texas.
The Company’s strategy is focused on the development and disposition of income-producing residential properties in established urban markets, while leveraging its Excelsior and ENT TERRACE series brands.
For more information, please visit the Company’s website at https://www.lead-real.co.jp/en/.
Forward-Looking Statements
Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors that may affect its future results in the Company's registration statement and in its other filings with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.
Contact Information
For Media and Investor Relations:
Ken Takahashi
Chief Financial Officer
Lead Real Estate Co., Ltd
Email: k-takahashi@lead-real.co.jp
Phone: +81 3-5784-5127
AUM Advisors
Crocker Coulson
Email: crocker.coulson@aumadvisors.com
Phone: +1 (646) 652-7185
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/1fb7bf9c-e13c-49d5-9bbd-f2caa56757ef
https://www.globenewswire.com/NewsRoom/AttachmentNg/323f4185-868a-48f1-9060-be02dd760d56
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