March 23, 2016
To whom it may concern:<Investment Corporation>
Japan Real Estate Investment Corporation
Hiroshi Nakajima, Executive Director(TSE code: 8952)<Asset Management Company>
Japan Real Estate Asset Management Co., Ltd.
Hiroshi Katayama, CEO & President
Contact: Ryuta Yoshida,
Executive Officer, General Manager, Planning Department
Phone: +81-3-3211-7951

Notice on Transfer of Domestic Real Estate andAdditional Acquisition of Domestic Real Estate

Japan Real Estate Investment Corporation (the “Company”) hereby announces that Japan Real Estate
Asset Management Co., Ltd., an asset management company to which the Company entrusts the
management of its assets, decided on March 23, 2016 the transfer of domestic real estate and the
additional acquisition of domestic real estate as follows.
≪The property to be transferred≫
Name of Asset

Address

Type of Asset

Transfer Price

Scheduled Transfer
Date

Kyoto Shijo
Kawaramachi
Building

Kyoto City,
Kyoto Prefecture

Domestic real estate¥ 2,516 million

March 31, 2016

≪The property to be additionally acquired≫
Name of Asset

Address

Type of Asset

Acquisition Price

Scheduled Acquisition
Date

Nishiki Park
Building

Nagoya City,
Aichi Prefecture

Domestic real estate¥ 175 million

April 1, 2016

1≪Kyoto Shijo Kawaramachi Building≫
1. Outline of the transfer
1) Asset to be transferred:
Domestic Real Estate (Note 1)
2) Name of asset:

Kyoto Shijo Kawaramachi Building3) Planned transfer price:¥ 2,516 million (Note 2)4) Nominal book value:
5) Difference between
planned transfer price andnominal book value:
6) Scheduled contract date:¥ 2,487 million (Note 3)

March 23, 20167) Scheduled handover date:

March 31, 20168) Transferee:9) Settlement method:

Keihan Electric Railway Co., Ltd.

¥ 29 million (Note 4)

Lamp sum payment at closing of transfer(Note 1)The real estate trust agreement will be executed and the trust beneficiary right will be transferred on thescheduled handover date.
(Note 2)Expenses for transfer, adjusted amount of property taxes and city planning taxes and consumption taxes are
not included in the planned transfer price.
(Note 3)The nominal book value means the nominal book value as of March 31, 2016 computed by the asset
management company based on the book value at the end of the period ended September 30, 2015, thescheduled capital expenditures for up to March 31, 2016 and the nominal base depreciation for up to March
31, 2016. However it is the number rounded down to the nearest million.
(Note 4) It does not mean gain or loss from the transfer as it is the reference value calculated the balance between theplanned transfer price and the nominal book value. The number is rounded down to the nearest million.

2. Reasons for the transfer
Among the Company’s portfolio, this property is a relatively small-scale building and its building
age exceeds the average building age which is 16.6 years as of September 30, 2015.
The transfer was decided after reviewing the current and future portfolio strategy taking into
consideration the characteristic of the building, the profitability of the portfolio and the real estatemarket trend, etc. with the asset management basic policy and the investment attitude stipulated in
the Article of the Company.
3. Details of the asset to be transferred
The relevant information is as set out below. The information on “area”, “structure” and“completion date” is derived from the land registry and “usage” described below is among themain usages listed in the land registry.
Name of the asset
Type of specified asset
Location
Usage

Kyoto Shijo Kawaramachi Building
Real estate
338 Tominaga-cho,
Kawaramachi-dori Matsubara-agaru 2 chome,
Shimogyo-ku, Kyoto City, Kyoto Prefecture
Offices

2

Area
Land
Building
Structure
Completion date
Type of ownership
Land
Building
Acquisition date
Acquisition priceAppraisal value at transfer(Appraisal institution)(Appraisal date)
Tenant details
Total number of tenants
Total leasable space
Total leased space
Occupancy rate
Total rent revenue
Security Deposit

1,471.57 m2
9,701.04 m2
Steel-framed reinforced concrete structure, flat roof
Above ground: 9 floors Below ground: 1 floor
November 1982
Ownership
Ownership
December 20, 2001
¥ 2,650 million¥ 1,960 million(Daiwa Real Estate Appraisal Co., Ltd.)(as of March 1, 2016)
35 (As of March 23, 2016. The same shall apply hereafter)
6,805 m2
6,374 m2
93.7 %¥ 121,296 thousand (the September 2015 period)¥ 175,251 thousand (as of March 23, 2016)

4. Outline of transferee
Corporate name
Address of the head office

Keihan Electric Railway Co., Ltd.
7-31, 1Chome, Otemae, Chuo-ku, Osaka City,
Osaka Prefecture
Representative
Yoshifumi Kato, Representative director,
President, CEO & COO
Establishment dateNovember 25, 1949
¥ 51,466 million (as of December 31, 2015)
Paid-in capital
Major shareholders
Sumitomo Mitsui Trust Bank, Limited (4.51 %)(as of September 30, 2015)
Nippon Life Insurance Company (2.61%)
Sumitomo Mitsui Banking Corporation (2.60 %)Principal Business1. Transportation business
2. Real estate business3. Leisure and service business
Net Assets and Total Assets in Net assets (consolidate) :¥190,513 million (the March 2015 period)
the preceding fiscal period
Total assets (consolidate):¥664,236 million (same as the above)
Relationship with the Company or the asset management company
Capital relationship
None in particular
Personal relationship
None in particularBusiness relationship
None in particular
Applicability to related
None in particularparties3

5. Transactions with interested parties
Transactions with interested parties stipulated by the Act on Investment Trust and Investment
Corporation of Japan will not be conducted with the transfer of domestic real estate.
6. Outline of the brokerage
Not applicable
7. Schedule for the transfer
March 23, 2016
Determination of the transfer of the property
Execution of agreement for the transfer of the property
Execution of the real estate trust agreement, Lump sum payment at closing ofMarch 31, 2016
the transfer, Closing of transaction (scheduled)
8. Outline of appraisal report
Name of asset
Appraisal value
Appraisal institution
Appraisal date

Kyoto Shijo Kawaramachi Building¥ 1,960,000 thousand
Daiwa Real Estate Appraisal Co., Ltd.
March 1, 2016
AmountItem

General Outline(thousand yen)

Estimated with DCF method which is referring future

1,960,000 net cash flow and also with the validation of

Capitalization Value

capitalization value by direct method.

Direct Capitalization Value(1)Operating Revenue [①－②]2,040,000
231,778① Annual Rent Revenue

256,703② Amount of Loss due to Vacancy

24,925 sustainable vacancy rate based on a level of comparable

Estimated based on level and trend of comparable cases
referring to medium-to long term competitiveness etc.
Calculated with the estimation of medium-to long termcases and considering competitiveness etc.

(2)Operating Expenses

95,774Maintenance Cost for Building

35,358Calculated maintenance cost based on the actual costs inpast years. Calculated PM fee based on current

Property Management Fee(Note)

Brokerage Fee etc.

1,293 Monthly cost referring to comparable property cases.

Utilities Expenses

28,000

Repairing Expenses

8,050

Property and Other Taxes
Casualty Insurance
Other Expenses(3)Net Operating Income [(1)－(2)](4)Profit from Managing Security Deposit

4

contracts.

Calculated based on the actual costs in the pastconsidering occupancy rate.
Estimated based on annual average costs listed on theengineering reports.

22,016 Estimated based on the actual figures for fiscal 2015.
1,055 Estimated based on comparable properties cases.
0
136,004
2,793 Calculated by assuming management yield.at 2%

(5)Capital Expenditure

24,550(6)Net Cash Flow [(3)+(4)－(5)]114,247

Estimated based on building replacement expenditure
listed on the engineering reports.

Estimated the standard cap rate referring comparable(7)Cap Rate

5.6% transactions etc. and with consideration of the trend in
the real estate transaction and lease market for the area

Discounted Cash Flow Value

1,930,000
Estimated by referencing the investment yields of

Discount Rate

5.5%

comparable properties and analyzing the individual
characteristics of properties from a comprehensive
perspective.
Estimated with reference to comparable transaction

Terminal Cap Rate

5.8% yield considering a comprehensive perspective ofinvestment yield in future trend.

Integrated Value
Ratio of Land
Ratio of Building

1,810,000
79.4%
20.6%

* Values below a thousand yen are cut off.

Any special considerations made in thereconciliation of estimated value andNone in particulardetermination of the final appraisal value(Note) The property management company of the subject property did not agree to disclose theproperty management fee. If the fee for the subject property were to be disclosed, it may
impact on other deals related to the property management company, which could affect theCompany to delegate effective property management service based on our policy ofproperty maintenance and operation. This could in turn undermine the interest of ourunitholders. Accordingly, maintenance costs for the building and property management fees
are shown in total amount.

5

≪Nishiki Park building (Additional Acquisition)≫
1. Outline of the acquisition
1) Asset to be acquired:
Domestic real estate
Land:
Ownership (Share of co-ownership)
Building: Ownership of compartmentalized property units (Shareof co-ownership)(Share of ownership of the building: 3.1047%) (Note1)
2) Name of asset:
Nishiki Park Building3) Acquisition price:¥ 175 million

4) Scheduled acquisition date:

April 1, 20165) Seller:

Three individuals (Note 2)6) Settlement method:7) Acquisition funds:

Lump sum payment at closing of acquisition
Own funds (Scheduled)(Note1) Share of ownership of the building means the percentage share in common areas as set forth under thebuilding management bylaws.
(Note2) The details of the three individual sellers are undisclosed due to their non-approval of disclose.
(Note3) The ownership percentage of the property as of March 23, 2016 has become 68.63831% after the seriesof acquisitions on October 2 and November 1 in 2006 and June 9 in 2014. As a result of the additional
acquisition executed on April 1, 2016, the percentage will reach to 71.74301%.

2. Reasons for the acquisition
The Company will acquire the asset based on the basic policies and investment attitude foracquisition under the Articles of Incorporation of the Company. In particular, the following
points have been highly evaluated in the determination of the acquisition.
(1) Superior location
This property is located in the Fushimi zone, which has one of the highest concentrations ofoffices in the Nagoya district. Thanks to one-minute walk from the nearest Marunouchi
station on the Subway Sakuradori Line and Tsurumai Line, the property boasts superior
traffic convenience as well as high visibility from Sakuradori Avenue, which faces thebuilding.
(2) Improvement of property operation and management efficiency, along with asset value
The detailed understanding of the property and the increased percentage of ownership by theCompany will enhance operation and management efficiency, and which will raise the asset
value.
3. Details of the asset to be acquired
The relevant information is as set out below. The information on “area,” “structure” and“completion date” is derived from the land registry and “usage” described below is among themain usages listed in the land registry.

6

(1) Details of the asset to be acquired
Location
Address shown inland registry
Address
Usage
Area
Land
Building
Structure
Completion dateArchitect
Constructor
Building confirmationand inspection bodyType of ownership
Land
Building
Acquisition priceAppraisal value(Appraisal institution)(Appraisal date)
PML value
Collateral
Property managementcompany

Other426, 2 Chome, Nishiki, Naka-ku, Nagoya City, Aichi
Prefecture, and 1 other lot
426, 2 Chome, Nishiki, Naka-ku, Nagoya City, Aichi
Building
Prefecture, and others
4-3, 2 Chome, Nishiki, Naka-ku, Nagoya City, Aichi Prefecture
Offices, shops and residenceLand2,170.45 m2 (Total land area for the building site including leased
land (term leasehold interest) of 384 m2)
25,091.91 m2 (Total floor space for the entire building)
Steel-framed, steel-framed reinforced concrete, reinforced concrete
structure, flat roof
Above ground: 22 floors Below ground:4 floors
August 1995
Housing and Urban Development Corporation
and Aoshima Architects & Engineers Inc.
Joint venture consisting of Takenaka Corporation,
Toda Corporation, Konoike Construction Co., Ltd,and Asanuma Corporation
Nagoya City

Ownership (36,729/1,000,000 co-ownership of 1 lot:1,786.45 m2)
Share of co-ownership of compartmentalized building units(37,003/1,000,000 co-ownership of office and shop units from the
1st floor to the 20th floor : 13,296.06 m2)*Share of ownership of the building: 3.1047%¥175 million¥203 million(Daiwa Real Estate Appraisal Co., Ltd.)(as of March 1, 2016)
2.4% (Based on an earthquake risk assessment report issued by
Tokio Marine & Nichido Risk Consulting Co., Ltd.)
None
Mitsubishi Estate Co., Ltd. (Note)
As a part of the right of use of land for this building, a portion of
the unused plot ratio of the adjacent land is transferred to thisproperty and an agreement has been concluded with the owner of
the adjacent land on the use of the plot ratio until the building isdemolished. The above acquisition price includes the consideration
for the use of the plot ratio.

7

(Note): Outline of the property management company

Corporate name
Address of theregistered head office
Representative
Paid-in capital
Major shareholders(as of September 30, 2015)
Principal business
Relationship with theCompany or the asset
management company

Mitsubishi Estate Co., Ltd.
6-1, 1 Chome, Otemachi, Chiyoda-ku, Tokyo
Hirotaka Sugiyama, President & CEO¥141,373 million (as of December 31, 2015)
The Master Trust Bank of Japan Ltd. (trust account)
Meiji Yasuda Life Insurance Company
Japan Trustee Services Bank, Ltd. (trust account)
Real estate business
Mitsubishi Estate Co., Ltd. (“Mitsubishi Estate”) is the parent
company to Japan Real Estate Asset Management Co., Ltd.
(the “asset management company”), to which the Company
entrusts the management of its assets, and it holds a 90 % stakeof the asset management company.
Mitsubishi Estate falls within the definition of interested partyof the asset management company under the Order for
Enforcement of the Japanese Act on Investment Trusts andInvestment Corporations, and also falls within the definition ofinterested party under the internal rules of the asset
management company.
As of September 30, 2015, Mitsubishi Estate holds 17,120
investment units of the Company (1.31% of total outstanding
investment units).

(2) Tenant details
Total number oftenants
Total leasable space
Total leased space
Trend in occupancy
rates

Total rent revenue
Security deposit
NOI (Net Operating
Income)Depreciation

60
487 m2484 m2September 30, 2011
96.1%
September 30, 201293.5%
September 30, 2013
94.9%
September 30, 2014
96.7%
September 30, 2015
98.8%
Scheduled acquisition date
99.4%
¥24million per year
(Estimated under normal leasing operation)¥16million in total(Estimated under normal leasing operation)¥ 14 million per year
(Estimated under normal leasing operation)¥ 2 million per year
(Estimated under normal leasing operation)

8

(Note)-The Company, upon acquisition of the building, will lease thespace by pass-through method to Mitsubishi Estate Co., Ltd. whowill sublease the space to tenants in the same way as theCompany’s existing shares.
-Total number of tenants, total leasable space, total leased space andoccupancy rate on the scheduled acquisition date are projections asof the scheduled acquisition date.
-NOI is an estimated amount under the normal operation given the
fixed property taxes and city planning taxes based on the terms andconditions of lease agreements as of the scheduled acquisition date,etc.
-Estimated occupancy rate:
Office units : 95.0%, Retail units: 95.0%-Total rent revenue, security deposit and depreciation represents theestimated amount under the normal operation.
-The above figures, except total rent revenue, security deposit, NOI
and depreciation, are based on the data provided by the seller.
-The above figures are calculated only for the additionally-acquired
share of co-ownership of compartmentalized building units while
the number of tenants above represents the total number of tenantsin compartmentalized building units.

(3) Specifications for rental space
Ceiling heightStandard floor area
Office automation floor
Electric capacity
Air conditioning system
Floor load
Others2,550 mm (After laying 50mm OA floor)
692 m2
Yes (Partially not equipped)
44 VA/ m2
Individual air conditioning by zones (8 zones per floor maximum)
500 kg/ m2
Around-the-clock entry and exit

(4) Outline of the engineering report
i. Outline of repair items
Date of report
Preparer of report
Repairing expenses
Repairing expenses/Capital expenditure for15 years(Annual average for the assets to be Capital expenditureacquired by the company)
Total
ii. Description concerning utilization status of asbestos(Description on the possible use of asbestos)Sprayed materials with asbestos
None

9

May 20, 2014
Shimizu Corporation¥ 0.5 million¥ 4 million¥ 5 million

4. Outline of seller
The details concerning three individual sellers are undisclosed due to their non-approval of
disclose. In addition, there is no capital relationship, personal relationship, business relationshipand other relationship with either of the Company or the asset management company.
5. Information on property owners, etc.
This domestic real estate was not acquired from an interested party having a special relationship to
the Company and or the asset management company.
6. Outline of the brokerage
Not applicable
7. Schedule for the acquisition
March 23, 2016
Determination of the acquisition of the property
Execution of agreement for the acquisition (scheduled)
March 25, 2016
Lump sum payment at closing of acquisition (scheduled)
April 1, 2016
8. Outline of appraisal report
Name of asset
Appraisal value
Appraisal institution
Appraisal date

Nishiki Park Building¥203,000 thousand
Daiwa Real Estate Appraisal Co., Ltd.
March 1, 2016
AmountItem

General Outline(thousand yen)

Estimated with DCF method which is referring future

Capitalization Value

203,000 net cash flow and also with the validation ofcapitalization value by direct method.

Direct Capitalization Value(1)Operating Revenue [①－②]211,000
25,704① Annual Rent Revenue

26,778②Amount of Loss due to Vacancy

1,073 sustainable vacancy rate based on a level of comparable

Estimated based on level and trend of comparable cases
referring to medium-to long term competitiveness etc.
Calculated with the estimation of medium-to long termcases and considering competitiveness etc.

(2)Operating Expenses

9,824

Maintenance Cost for Building

4,466

Property Management Fee(Note)

Brokerage Fee etc.

Calculated maintenance cost based on the actual costs inpast years. Calculated PM fee based on current
contracts.

146 Monthly cost referring to comparable property cases.

Utilities Expenses

2,307

Repairing Expenses

576

Property and Other Taxes

Calculated based on the actual costs in the pastconsidering occupancy rate.
Estimated based on building replacement costs listed on
the engineering reports.

2,231 Estimated based on the actual figures for fiscal 2015.

10

Casualty Insurance
Other Expenses(3)Net Operating Income [(1)－(2)](4)Profit from Managing Security Deposit

97 Estimated based on comparable properties cases.
0
15,880329 Calculated by assuming management yield.at 2%(5)Capital Expenditure

3,312(6)Net Cash Flow [(3)+(4)－(5)]12,898(7)Cap Rate

6.1% transactions etc. and with consideration of the trend in

Estimated based on building replacement expenditure
listed on the engineering reports.

Estimated the standard cap rate referring comparable
the real estate transaction and lease market for the area

Discounted Cash Flow Value

199,000
Estimated by referencing the investment yields of

Discount Rate

5.9%

comparable properties and analyzing the individual
characteristics of properties from a comprehensive
perspective.
Estimated by referencing the investment yields ofTerminal Cap Rate

6.3%

comparable properties and analyzing future trends with
Regard to investment yields from a comprehensive
perspective.

Integrated Value
Ratio of Land
Ratio of Building

206,000
67.4%
32.6%

* Values below a thousand yen are cut off.

Any special considerations made in thereconciliation of estimated value andNone in particulardetermination of the final appraisal value(Note) The property management company of the subject property did not agree to disclose theproperty management fee. If the fee for the subject property were to be disclosed, it may
impact on other deals related to the property management company, which could affect theCompany to delegate effective property management service based on our policy ofproperty maintenance and operation. This could in turn undermine the interest of ourunitholders. Accordingly, maintenance costs for the building and property management fees
are shown in total amount.

11≪Performance projection≫
As the impact of the transfer and the acquisition on the Company’s management performance for
the March 2016 period from October 1, 2015 to March 31, 2016 and the September 2016 period
from April 1, 2016 to September 30, 2016 is expected to be minor, no revision of the forecast for
performance will be made.
The income from the transfer will be allocated to repayment of loans and own funds.
As for the gain on this transfer, a maximum of 60% of gains on disposal of land will be considered
to be reserved for reduction entry by utilizing special taxation measure“Special Provision for
Taxation in the Event of Advance Acquisition of Land, etc. in 2009 and 2010”stipulated in Article66-2 of the Act on Special Measures Concerning Taxation for the purpose of stabilizing andleveling distribution.

This notice is the English translation of the announcement in Japanese dated on March 23, 2016.
However, no assurance or warranties are given for the completeness or accuracy of this English
translation.

12

(Reference) Information map(Reference) Photo: Exterior appearance of Nishiki Park Building

13

List of all the assets of the Company after the transfer and the acquisition of the assets
Area

Acquisition price (Note 1)(thousand yen)

Name

Location

Type of asset

Acquisition date

Genki Medical Plaza

Chiyoda-ku, Tokyo

Real property

October 31, 2002

５，０００，０００

Percentage
of portfolio

Kitanomaru Square

Chiyoda-ku, Tokyo

Real property

February 24, 2006

８１，５５５，５００

８．８％

MD Kanda Building

Chiyoda-ku, Tokyo

Real property

M ay 31, 2002

９，５２０，０００

１．０％

Kandabashi Park Building

Chiyoda-ku, Tokyo

Real property

August 15, 2002

４，８１０，０００

０．５％

Otemachi Financial City
North Tower

Chiyoda-ku, Tokyo

Real property

M arch 31, 2014

１５，４６２，９００

１．７％

Nibancho Garden

Chiyoda-ku, Tokyo

Real property

April 1, 2005

１４，７００，０００

１．６％

Mitsubishi UFJ Trust and Banking
Building

Chiyoda-ku, Tokyo

Real property

M arch 28, 2007

４４，７００，０００

４．８％

Burex Kojimachi Building

Chiyoda-ku, Tokyo

Real property

July 29, 2005

７，０００，０００

０．８％

January 31, 2005

１０，２００，０００

Sanno Grand Building

Chiyoda-ku, Tokyo

Real property

April 3, 2006

１０，７００，０００
２０，９００，０００

Total

２．３％

Yurakucho Denki Building

Chiyoda-ku, Tokyo

Real property

August 1, 2003

７，２００，０００

０．８％

Kodenmacho Shin-Nihonbashi Building

Chuo-ku, Tokyo

Trust beneficiary rightin trust of real estate

September 25, 2001

３，１７３，０００

０．３％

０．５％

Kyodo Building(Kayabacho 2Chome)

Chuo-ku, Tokyo

Trust beneficiary rightin trust of real estate

M arch 1, 2011

４，４１０，０００

Burex Kyobashi Building

Chuo-ku, Tokyo

Real property

July 22, 2002

５，２５０，０００

０．６％

Ginza 1Chome East Building

Chuo-ku, Tokyo

Trust beneficiary rightin trust of real estate

M arch 2, 2015

６，４５９，０００

０．７％

Ginza Sanwa Building

Chuo-ku, Tokyo

Real property

M arch 10, 2005

１６，８３０，０００

１．８％

M arch 15, 2005

Ryoshin Ginza East Mirror Building

Chuo-ku, Tokyo

Real property

M ay 24, 2010

５，３５３，５００２，６４５，９２２

Total

７，９９９，４２２

Harumi Front

Chuo-ku, Tokyo

Real property

January 7, 2013

３１，３００，０００

３．４％

Harumi Center Building

Chuo-ku, Tokyo

Real property

December 18, 2007

２６，８００，０００

２．９％

Akasaka Park Building

Minato-ku, Tokyo

Real property

November 15, 2011

６０，８００，０００

６．６％

Aoyama Crystal Building

Minato-ku, Tokyo

Real property

M arch 14, 2003

７，６８０，０００

０．８％

Clover Shiba-koen

Minato-ku, Tokyo

Trust beneficiary rightin trust of real estate

January 20, 2015

４，５００，０００

０．５％

December 19, 2008

２１，２５０，０００

Shiodome Building

Minato-ku, Tokyo

Trust beneficiary rightin trust of real estate

January 15, 2010

５４，６００，０００

M ay 1, 2015
Total

１０，１００，０００
８５，９５０，０００

Minato-ku, Tokyo

Trust beneficiary rightin trust of real estate

September 10, 2001

４，８５９，０００

０．５％

Cosmo Kanasugibashi Building

Minato-ku, Tokyo

Trust beneficiary rightin trust of real estate

September 25, 2001

２，８０８，０００

０．３％

Shinjuku Eastside Square

Shinjuku-ku, Tokyo

Real property

October 1, 2014

２３，１００，０００

２．５％

Shinwa Building

Shinjuku-ku, Tokyo

Real property

September 1, 2004

７，８３０，０００

０．８％

Tokyo Opera City Building

Shinjuku-ku, Tokyo

Real propertyTokyo
metropolitan
area(23 wards)

Shiba 2Chome Daimon Building

TIXTOWER UENO

Taito-ku, Tokyo

September 13, 2005

９，３５０，０００

M arch 24, 2010

２２，４２６，８３１

Total

３１，７７６，８３１

Real property

June 15, 2012

２２，０００，０００

０．９％

９．３％
７４．６％

３．４％
２．４％

Higashi-Gotanda 1Chome Building

Shinagawa-ku, Tokyo

Real property

November 1, 2004

５，５００，０００

０．６％

Osaki Front Tower

Shinagawa-ku, Tokyo

Real property

February 1, 2011

１２，３００，０００

１．３％

Omori-Eki Higashiguchi Building

Ota-ku, Tokyo

Trust beneficiary rightin trust of real estate

September 10, 2001

５，１２３，０００

０．６％

M arch 24, 2004

６，６７０，０００

August 23, 2013

－１，１７０，０００

Total

５，５００，０００

Nippon Brunswick Building(Land with leasehold interest)

Shibuya-ku, Tokyo

Real property

０．６％

Yoyogi 1Chome Building

Shibuya-ku, Tokyo

Real property

April 1, 2004

８，７００，０００

０．９％

da Vinci Harajuku

Shibuya-ku, Tokyo

Real property

November 22, 2002

４，８８５，０００

０．５％

Jingumae Media Square Building

Shibuya-ku, Tokyo

Real property

October 9, 2003

１２，２００，０００

１．３％

Shibuya Cross Tower

Shibuya-ku, Tokyo

Real property

November 30, 2001

３４，６００，０００

３．７％

Ebisu Neonato

Shibuya-ku, Tokyo

Real property

Harmony Tower

Nakano-ku Tokyo

Real property

November 14, 2003
April 1, 2004

３，７４０，０００
３６０，０００

February 18, 2014

１０，５１２，０００

Total
February 28, 2005

１４，６１２，０００

December 19, 2012

１．６％

８，５００，０００
５２０，０００

M arch 27, 2015

２，１００，０００

Total

１１，１２０，０００

１．２％

Otsuka Higashi-Ikebukuro Building

Toshima-ku, Tokyo

Trust beneficiary rightin trust of real estate

September 25, 2001

３，５４１，０００

０．４％

Ikebukuro 2Chome Building

Toshima-ku, Tokyo

Trust beneficiary rightin trust of real estate

September 25, 2001

１，７２８，０００

０．２％

Ikebukuro YS Building

Toshima-ku, Tokyo

Real property

August 2, 2004

４，５００，０００

０．５％

M arch 31, 2005

３，３００，０００

Hachioji First Square

Hachioji City, Tokyo

Real property

M arch 19, 2008

Tokyo
metropolitan
area(excluding 23 wards)

Total

２，３７９，１１２
５，６７９，１１２

September 25, 2001

１，２３２，０００

October 11, 2001

１，３４２，０００

Total

２，５７４，０００

０．６％

Saitama City,
Saitama Prefecture

Real property

MM Park Building

Yokohama City,
Kanagawa Prefecture

Real property

M arch 24, 2008

３７，４００，０００

４．０％

Queen's Tower A

Yokohama City,
Kanagawa Prefecture

Trust beneficiary rightin trust of real estate

January 31, 2014

１７，２００，０００

１．９％

Kawasaki City,
Trust beneficiary right
Kanagawa Prefecture in trust of real estate

September 25, 2001

３，３７５，０００

０．４％

Saitama Urawa Building

Kawasaki Isago Building

Musashi Kosugi STM Building

Kawasaki City,
Kanagawa Prefecture

Percentage
by area

０．５％

０．３％

７．６％

Real property

Total: Tokyo metropolitan area

14

M arch 25, 2008

４，０００，０００

０．４％

７５８，９１０，７６６

８２．２％

８２．２％

Acquisition price (Note 1)(thousand yen)

Percentage
of portfolio

Area

Name

Location

Type of asset

Acquisition date

Hokkaido

8 • 3 Square Kita Building

Sapporo City,
Hokkaido

Real property

June 1, 2007

７，１００，０００

０．８％

Jozenji Park Building

Sendai City,
Miyagi Prefecture

Real property

January 31, 2005

１，０００，０００

０．１％

Higashi Nibancho Square

Sendai City,
Miyagi Prefecture

Real property

January 7, 2013

９，９５０，０００

１．１％

Sendai Honcho Honma
Building

Sendai City,
Miyagi Prefecture

Trust beneficiary rightin trust of real estate

September 25, 2001

２，９２４，０００

AER

Sendai City,
Miyagi Prefecture

Real property

TohokuregionHokuriku
regionKanazawa Park Building

Nishiki Park Building

Chubu
regionKinki
regionChugokuregionKyushuregionKanazawa City,
Ishikawa Prefecture

Real property

Nagoya City,
Aichi Prefecture

Real property

June 28, 2006

２５０，０００

total

３，１７４，０００

September 1, 2015

１８，６４０，０００

February 28, 2002

２，８８０，０００

M arch 3, 2003

１，７００，０００

total
October 2, 2006

４，５８０，０００

November 1, 2006

１，３００，０００

June 9, 2014
April 1, 2016

３．５％

２．０％

０．５％

６５０，０００

０．６％

１７５，０００

total

５，９７５，０００

Trust beneficiary right intrust of real estate

July 31, 2013８，５６７，０００

０．９％

Nagoya Hirokoji Building

Nagoya City,
Aichi Prefecture

Real property

September 10, 2001

１４，５３３，０００

１．６％

Nagoya Misono Building

Nagoya City,
Aichi Prefecture

Real property

August 8, 2003

１，８６５，０００

０．２％

Shijo Karasuma Center Building

Kyoto City,
Kyoto Prefecture

Real property

September 3, 2013

４，４００，０００

０．５％

Umeda Square Building

Osaka City,
Osaka Prefecture

Trust beneficiary rightin trust of real estate

April 1, 2015

１５，５２３，５２０

１．７％

Shin-Fujita Building

Osaka City,
Osaka Prefecture

Trust beneficiary rightin trust of real estate

２．６％

Real property

Midosuji Daiwa Building

Osaka City,
Osaka Prefecture

Trust beneficiary rightin trust of real estate

Amagasaki Front Building

Amagasaki City,
Hyogo Prefecture

Lit City Building

Okayama City,
Okayama Prefecture

September 1, 2008

２４，０００，０００

September 25, 2001

２，２６４，０００

December 26, 2003

１，９００，０００

total

４，１６４，０００

September 25, 2001

０．５％

３，８５０，０００

Nagoya City,
Aichi Prefecture

Sakaisujihonmachi Building

０．８％

０．３％

Nagoya Hirokoji Place

Osaka City,
Osaka Prefecture

Percentage
by area

３．３％

７．８％
０．５％

February 28, 2002

６，９３４，０００
７，３８０，０００

total

１４，３１４，０００

Trust beneficiary rightin trust of real estate

M arch 25, 2015

９，３００，０００

１．０％Real property

February 1, 2006

４，６５０，０００

０．５％

M arch 25, 2004

１，３２０，０００
１，４５０，０００

０．３％

１．５％

０．８％

NHK Hiroshima Broadcasting Center
Building

Hiroshima City,
Hiroshima Prefecture

Real property

M arch 3, 2008
total

２，７７０，０００

Tosei Tenjin Building

Fukuoka City,
Fukuoka Prefecture

Real property

September 25, 2001

１，５５０，０００

０．２％

Tenjin Crystal Building

Fukuoka City,
Fukuoka Prefecture

Real property

June 1, 2005

５，０００，０００

０．５％

Hinode Tenjin Building

Fukuoka City,
Fukuoka Prefecture

Trust beneficiary rightin trust of real estate

September 10, 2001

１．１％

３，６５７，０００

０．４％

Total: Other major cities

１６４，７１２，５２０

１７．８％

１７．８％

Total: Portfolio

９２３，６２３，２８６

１００．０％

１００．０％(Note1) Acquisition prices are expressed by cutting off the numbers below a thousand.
(Note2) The transfer price of Nippon Brunswick Building (building) dated August 23, 2013 is indicated minus ￥ 1,170 million, which is the building acquisition price on the date of the acquisition as of March 24, 2004.
(Note3) The acquisition price of Jingumae Media Square Building is the price of the property on the date of acquisition (October 9, 2003), including the sales cost(￥614 million) of the part of the property
that was transferred on October 30, 2009.

15