March 18, 2020
FOR IMMEDIATE RELEASE
Activia Properties Inc.
21-1, Dogenzaka 1-chome, Shibuya-ku, Tokyo
Kazushi Sato
Executive Director(Code: 3279)
Asset Management Company
TLC REIT Management Inc.
Hiroyuki Tohmata
President & CEOInquiries
Kazuyuki Murayama
General Manager of Strategy Department
Activia Management Division(Tel: +81-3-6455-3377)

Notice Concerning Changes of Directors and Key Employee of the Asset Management Company
Activia Properties Inc. (“API”) announces that, TLC REIT Management Inc. (“TRM”), to which API entrusts its assetmanagement operations, made decision today on the matters below.
Details are as follows:
1.

Change of Directors of TRM
It was decided at the Board of Directors of TRM held today to submit a proposal to the shareholders of TRM topass an extraordinary resolution in written form to elect two new Directors as provided in Paragraph 1 of Article 319
in the Companies Act.
(1) Newly appointed directors (scheduled to be effective on April 1, 2020)
Hiroshi Kimoto, Director
Tadashi Yoshimi, Director (Part-time)(Note 1) Appointment to directors will be formally decided after the extraordinary written resolution of shareholders of TRM.
(Note 2) The profile of the newly appointed directors is in the attachment.

(2) Resigning directors (scheduled to be effective on March 31, 2020)
Kazushi Sato, Director
Shigeru Kurihara, Director (Part-time)(Note) Kazushi Sato will continue to serve as Managing Director and Chief Division Officer of Activia Management Division of TRM.

2.

Change of Key Employee of TRM (scheduled to be effective on April 1, 2020)
Position
Compliance Officer

Newly appointed
Hidekazu Omi

Resigning
Akira Yamaguchi(Note) The profile of the newly appointed key employee is in the attachment.

1TRM makes necessary reports and other arrangements pursuant to the provisions of the Financial Instruments andExchange Act, the Building Lots and Buildings Transaction Business Law and other applicable laws and regulations.
*Website of API: https://www.activia-reit.co.jp/en/2

(Attachment)
Position

Name

Executive

Profile of the newly appointed directors and key employee
Brief biography
Apr.

1990

Tokyu Land Corporation

Apr.

2003

Manager of Finance Department

Apr.

2008

Manager of Corporate Planning Department

Apr.

2009

Manager of Group Business Administration Department

Apr.

2011

Manager of Group Business Administration Department, CorporatePlanning Division

Director,Apr.

GeneralManager ofHiroshi

Corporate

Kimoto2012

Manager of Corporate Planning Department, Corporate PlanningDivision

Oct.

2013

Seconded to TLC Activia Investment Management Inc. (current TLC
REIT Management Inc.)

Planning &Executive Officer of Fund Management Department

Administration
Department

Jul.

2016

Apr.

2017

Executive Officer of Strategic Planning and Corporate Finance
Department
Seconded to TLC REIT Management Inc.
General Manager of Finance & Accounting Department (to present)

Apr.

2020

Executive Director, General Manager of Corporate Planning &Administration Department (scheduled to be effective on April 1, 2020)

Apr.

1996

Tokyu Land CorporationApr.

2009

Manager of Finance Department

Oct.

2012

Seconded to Bank of JapanJul.

2014

Manager of Finance and Accounting Department, Tokyu FudosanHoldings Corporation
Manager of Finance and Accounting Department, BusinessDirectorTadashi(Part-time)

YoshimiManagement Headquarters, Tokyu Land Corporation
Apr.

2017

General Manager of Group Corporate Planning Department, Tokyu
Fudosan Holdings Corporation
General Manager of Corporate Planning Department, Tokyu Land
Corporation

Apr.

2019

Apr.

2020

Executive Manager of Business Strategy Department, Investment
Business Unit, Tokyu Land Corporation (to present)
Director (Part-time) of TLC REIT Management, Inc. (scheduled to beeffective on April 1, 2020)

3Apr.

1989

Tokyu Land Corporation

Apr.

2003

Manager of Residential Business Division

Jan.

2009

Seconded to Tokyu Livable Inc.

Apr.

2009

Manager of Asset Planning and Development Division, Tokyu Land
CorporationOct.

2010

Manager of Investment Management Division

Nov.

2010

Director (Part-time) of TLC Township Inc. (current TLC REITManagement Inc.)

Apr.

2012

Seconded to TLC Activia Investment Management Inc. (current TLC
REIT Management Inc.)
Manager of Strategic Planning Department and Manager of Corporate
Administration Department

ExecutiveDirector,Hidekazu

ComplianceOmiOfficerOct.

2012

Executive Officer of Strategic Planning Department and Executive
Officer of Corporate Administration Department

Apr.

2013

Executive Officer of Strategic Planning and Corporate Finance
Department

Apr.

2015

Tokyu Land Capital Management Inc.
Seconded to TLC Comforia Investment Management INC. (currentTLC REIT Management Inc.)
Internal Audit Section HeadJun.

2016

General ManagerApr.

2017

TLC REIT Management Inc.
General Manager of Corporate Planning & Administration Department(to present)

Apr.

2020

Executive Director, Compliance Officer (scheduled to be effective onApril 1, 2020)4