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Brazil's PDG Realty shares rise on new offer

Shares of PDG Realty, Brazil's largest home building company, rose on Monday following an offer from a local private-equity firm.

TEXT-S&P summary: Japan Retail Fund Investment Corp.

These strengths, however, are tempered by JRF's somewhat weak financial profile compared with its business profile, given that its debt-to-capital ratio remains slightly high, at a level near the upper end of the target range set under its financial policy. We view this as a risk factor for the J-REIT's credit quality.

Goldman readies lower-risk return to Japan property

Goldman Sachs is returning to the Japanese property market after a four-year hiatus, looking to raise as much as 400 billion yen ($5 billion) over four years for a privately held real estate trust, a source said.
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