Nest Hotel Naha Kumoji, an asset of Japanese REIT Activia Properties. (Photo: Activia Properties) Japanese REIT Activia Properties Inc. announced on 26 May the acquisition of Nest Hotel Naha Kumoji, a limited-service hotel in Okinawa's capital city, for JPY5,490 million, as part of its ongoing asset replacement strategy. The Tokyo-based REIT, managed by TLC REIT Management Inc., signed the purchase contract on 26 May, with settlement and acquisition both scheduled for 29 May.