March 13, 2007
For Immediate Release
LCP Investment Corporation
Nihon-bashi Nishikawa Bldg.,
1-5-3 Nihon-bashi, Chuo-ku, Tokyo
Shunji Miyazaki: Executive Officer(Securities Code: 8980)

LCP REIT Advisors Co., Ltd.
Nihon-bashi Nishikawa Bldg.,
1-5-3 Nihon-bashi, Chuo-ku, Tokyo
Shunji Miyazaki: CEO

Inquiries:
LCP REIT Advisors Co., Ltd.
Yuji Kubo: CFO
TEL: +81-3-3272-7311

Notice concerning Business Cooperation with GE Real Estate

LCP Investment Corporation (the “Investment Corporation”) today announced that LCP REIT
Advisors Co., Ltd. (the “Asset Management Company”), which is the asset manager of theInvestment Corporation, has concluded the Business Cooperation Agreement with GE Real Estate
Corporation, Japan (“GE Real Estate”), the Japan-based subsidiary of GE Real Estate which is theReal Estate business sector of US General Electric Company (“GE”), with respect to cooperation
concerning a source of manpower of the Asset Management Company, the information service
concerning real estate, etc. and the grant of preferential negotiation rights to the Asset Management
Company, as follows. In accordance with the conclusion of the Business Cooperation Agreement, theInvestment Corporation also announced today that it has agreed regarding the acquisition of realestate-related assets of seven properties from GE Real Estate and its subsidiaries and the capital
participation with the Investment Corporation by New Mission Funding Corporation, which belongs
to GE Group, to which GE Real Estate also belongs (hereinafter called the “Business Cooperation”
in conjunction with the conclusion of the Business Cooperation Agreement, property contribution
and capital participation).

Note: This document is a public announcement regarding the Business Cooperation with GE Real
Estate and has not been prepared as an inducement or invitation for investment. We caution
readers to undertake investment decisions at their own examination and responsibility.

1. Regarding Business Cooperation

The Investment Corporation has aimed at the build-up of high quality assets to achieve growthstrategy since listing on the Tokyo Stock Exchange, Inc. on May 2006 as a diversified REIT. On
the other hand, due to harsh competition in the acquisition of high quality assets, it has become
even more difficult to acquire such assets.

Therefore, the Investment Corporation has consideredthat the measure of our external growth strategy needs to be examined.

The conclusion of the Business Cooperation Agreement between the Asset Management Companyand GE Real Estate aims for the continuous and stable growth of the Investment Corporation
through (i) the support of the improvement of asset management through cooperation concerning asource of manpower of the Asset Management Company and (ii) the expansion of acquisition
opportunities regarding residential properties of the Investment Corporation by the information
service of real estate, etc. and the grant of preferential negotiation rights to the Asset Management
Company.

It is considered that this shall contribute in achieving not only the external growthstrategy above but also the internal growth of maintaining improvements concerning holding asset
value of the Investment Corporation.

As of today, in accordance with the conclusion of the Business Cooperation Agreement between
the Asset Management Company and GE Real Estate, the Investment Corporation has concluded
the Sales Agreements of Beneficiary Right in Trust with Condition Precedent related to theacquisition of seven properties (Total Acquisition Price: 37.47 billion yen) with GE Real Estateand its subsidiaries. Regarding the outline, please refer to 2. (2) shown below.

Please also referto the “Notice concerning Acquisition of Assets” announced as of today concerning the details.
Through this acquisition, the portfolio of the Investment Corporation will grow 64.3% from thetotal asset amount of 54.56 billion yen to 89.63 billion yen.

This shall contribute to the wide

expansion of scale, especially the asset portfolio in the Tokyo Metropolitan area where stable rent
income is expected. Above all, through the said property acquisition, the top four properties byscale in the portfolio of the Investment Corporation are the properties contributed by GE Real
Estate, through which the wide expansion and improvement in the portfolio as key properties ofthe Investment Corporation can be achieved. Regarding the outline of the four key properties
above (“Key Properties”), please refer to Appendix 2.

In addition, as a part of the Business Cooperation with GE Real Estate and asset portfolio
contribution, the Investment Corporation issues new investment units of the Investment
Corporation by way of a third-party allotment to New Mission Funding Corporation, which
Note: This document is a public announcement regarding the Business Cooperation with GE Real
Estate and has not been prepared as an inducement or invitation for investment. We cautionreaders to undertake investment decisions at their own examination and responsibility.

belongs to GE Group, to which GE Real Estate also belongs. GE Real Estate and theaforementioned recipient of allotment have entered into an agreement with the Investment
Corporation and the Asset Management Company to hold about 70% of the total newly issued
investment units for six month, with certain exceptions, regarding the investment securities of theInvestment Corporation issued by way of a third-party allotment; therefore it is expected that acooperative relationship based on the Business Cooperation Agreement with GE Real Estate willdevelop due to the holding of investment securities of the Investment Corporation.

Regarding theoutline of the third-party allotment, please refer to 2. (3) shown below.

The Asset Management Company has announced today that it has resolved to amend themanagement guidelines including the expansion of investment ratio of residential properties as oftoday considering the expansion of acquisition opportunities of residential properties involved inthe Business Cooperation.

2. Summary of Business Cooperation(1) Summary of Business Cooperation Agreement(i) Personnel Temporarily Transferring to the Asset Management CompanyGE Real Estate transfers one employee to the Asset Management Company in accordance with
the Temporary Transferring Contract to be executed separately in order to enable the AssetManagement Company to succeed and develop the management know-how which is necessary
to manage real estate assets provided to the Investment Corporation.

The transferring

employee shall work as an employee of the Asset Management Company under the supervisionof the Asset Management Company.

Regarding the transfer conditions and the number offurther transferring employees and the conditions, etc., these will be determined separately undernegotiations.

(ii) Pipeline SupportIn the case where GE Real Estate intends to sell real estate residential properties (includingdevelopment properties) (Scheduled Sales Price by GE Real Estate: not less than 2.5 billion yen)which are determined to correspond to qualified real estate, etc. among holding real estates
based on investment criteria of the Investment Corporation, GE Real Estate shall provide theAsset Management Company with the information related to the said real estate before
providing such information to any third party.

In the case where the Asset Management

Company offers the purchase by the Investment Corporation to GE Real Estate, it shall also
provide preferential rights to negotiate regarding the said properties, etc. (preferentialnegotiation rights).

The negotiation period based on the preferential negotiation rights is 30

Note: This document is a public announcement regarding the Business Cooperation with GE Real
Estate and has not been prepared as an inducement or invitation for investment. We caution
readers to undertake investment decisions at their own examination and responsibility.

days from the date when the Asset Management Company received the information of the said
real estate, etc. (not including such date).

GE Real Estate shall not provide any third party with

the information of the said real estate, etc. or negotiate regarding the sales/purchase or otherdisposition related to the said real estate, etc. with any third party during the said period.

(2) Acquisition of Portfolio of Real Estate from GE Real Estate and its Subsidiaries

The Investment Corporation has resolved to acquire seven properties including Key Properties
owned by GE Real Estate and its subsidiaries as shown below. Regarding the details, please refer
to “Notice concerning Acquisition of Assets” as of today.

Total Acquisition Amount:

37.47 billion yen

Number of Acquisition Properties:

7 properties

Total Number of Properties after Acquisition: 46 properties (including 3 properties planned to beacquired which have already been announced
except for the above 7 properties)
Total Asset Amount after Acquisition:

89.63 billion yen (same as in the above)

Date of Sales Agreement:

March 13, 2007

Acquisition Date:

March 30, 2007

(3) Issuance of New Investment Units of the Investment Corporation by way of Third-Party
Allotment

As a part of cooperation with GE Real Estate, the Investment Corporation has resolved theallotment of new investment units to the affiliate company of GE Real Estate.

Regarding thedetails, please refer to “ Notice concerning Issuance of New Investment Units by way ofThird-Party Allotment.”

Number of New Investment Units:

32,500 units

Offering Price per Unit:

434,425 yen

Total Issue Price:

14,118,812,500 yen

Date of Resolution:

March 13, 2007

Payment Due Date:

March 29, 2007

Scheduled Recipient of Allotment:

New Mission Funding Corporation (Affiliate Company ofGE Real Estate)

Lock Up:

6 months/ 22,750 units (70% of total number of newNote: This document is a public announcement regarding the Business Cooperation with GE Real
Estate and has not been prepared as an inducement or invitation for investment. We caution
readers to undertake investment decisions at their own examination and responsibility.

investment units), with some exceptions

3. Schedule of Business Cooperation

March 13, 2007: Resolutions concerning the Board of Directors’ Meeting of the AssetManagement Company and the Board of Officers’ Meeting of the Investment
Corporation
March 13, 2007: Conclusion of the Business Cooperation Agreement and the Sales Agreement ofBeneficiary Right in Trust with Condition Precedent
March 29, 2007: Payment due date of investment units of the Investment Corporation
March 30, 2007: Property acquisition by the Investment Corporation

4. Press Release related to the Business Cooperation

Regarding the descriptions of each transaction concerning the Business Cooperation and related
matters, please refer below to the press releases announced as of today.
(1) Notice concerning Issuance of New Investment Units by way of Third–Party Allotment;(2) Notice concerning Acquisition of Assets;(3) Notice concerning Sale of Asset;(4) Notice concerning Revisions of Forecasts of Financial Results for the Fiscal Period Ending
August 31, 2007; and(5) Notice concerning Amendment of Management Guidelines of Asset Management Company.

＊ This document is being distributed today to the Kabuto Club (the press club of the TSE) as well as to the pressclub for the Ministry of Land, Infrastructure and Transport and to the press club for specialty construction
newspapers at the Ministry of Land, Infrastructure and Transport.
＊ Website of the Investment Corporation: http://www.lcp-reit.co.jp＊ This English language notice is a translation of the Japanese language notice issued on the same day and was
prepared solely for the convenience of, and reference by, overseas investors.

LCP Investment Corporation

makes no warranties as to its accuracy or completeness.

Appendix 1: Summary of GE Real Estate
Appendix 2: Outline of Key Property
Reference: Press Release by GE Real Estate
Note: This document is a public announcement regarding the Business Cooperation with GE Real
Estate and has not been prepared as an inducement or invitation for investment. We caution
readers to undertake investment decisions at their own examination and responsibility.

[Appendix 1]
Summary of GE Real Estate

GE Real Estate Corporation, Japan is a Japan-based subsidiary of GE Real Estate (HQ: Connecticut,U.S.A.) (“GE Real Estate” in Appendix 1), the Real Estate business sector of General ElectricCompany.

GE Real Estate develops real estate investment and funding business all over the world as a businesssector of US General Electric Company, which holds total assets of over 6 trillion yen all over theworld, and has been given AAA rating.

GE Real Estate Corporation, Japan provides comprehensive services such as real estate investment,acquisition, disposition, portfolio management for property owners and investors while striving toimprove the level of services for our tenants through innovative solutions and strategies matchingeach real estate property by combining the global asset management support system andcutting-edge technology with local based in-depth expertise and knowledge in cooperation with GE
Real Estate, which operates its businesses all over the world.

GE Real Estate Corporation, Japan currently owns approximately 150 office properties andapproximately 12,000 residential real estate properties throughout Japan and its total investment andloans amounts are over 79 billion yen.
(1) Company Name:GE Real Estate Corporation, Japan(2) Representative:

Tomoyuki Yoshida, Representative Director(3) Location:

1-12-32, Akasaka, Minato-ku, Tokyo(4) Date of Foundation:

April 7, 1998

(5) Main Business:

Real Estate Business(6) Number of Employees: 201 (as of February 1, 2007)(7) Capital Amount:

21,241,000,000 yen (as of February 1, 2007)(8) Major Shareholder and Holding Ratio (as of March 13, 2007):

Shareholder

Number of Holding Shares

Holding Ratio

GE Japan Holdings Co., Ltd.

424,820 shares

100%(9) Relationship with the Investment Corporation:
As of March 13, 2007, there are no business transactions, capital transactions or personal
relationships with the Investment Corporation except for this Business Cooperation.
Note: This document is a public announcement regarding the Business Cooperation with GE Real
Estate and has not been prepared as an inducement or invitation for investment. We caution
readers to undertake investment decisions at their own examination and responsibility.

[Appendix 2]
Photograph of Key Property[R-27 : Lexington Square Shirokane Takanawa]

Note: This document is a public announcement regarding the Business Cooperation with GE Real
Estate and has not been prepared as an inducement or invitation for investment. We caution
readers to undertake investment decisions at their own examination and responsibility.

[R-28 Spacia Ebisu]

Note: This document is a public announcement regarding the Business Cooperation with GE Real
Estate and has not been prepared as an inducement or invitation for investment. We caution
readers to undertake investment decisions at their own examination and responsibility.

[O-10 New Edobashi Building]Note: This document is a public announcement regarding the Business Cooperation with GE Real
Estate and has not been prepared as an inducement or invitation for investment. We caution
readers to undertake investment decisions at their own examination and responsibility.

[O-11 Shuwa Nishi Gotanda Building](*) Regarding the details of the aforementioned property, please refer to ‘Notice concerning
Acquisition of Assets’as of today.
Note: This document is a public announcement regarding the Business Cooperation with GE Real
Estate and has not been prepared as an inducement or invitation for investment. We caution
readers to undertake investment decisions at their own examination and responsibility.

[Reference]

Press Release
GE REAL ESTATE JAPAN ESTABLISHES A BUSINESS RELATIONSHIP WITH LCP INVESTMENTCORPORATION, A LISTED JAPANESE REIT
GE to Sell Seven Assets for JPY 37.47 Billion (approximately USD $309 Million)

Tokyo, Japan and Stamford, CT – GE Real Estate announced today that it has agreed to atransaction with LCP Investment Corporation (LCP), a Japanese REIT and LCP REIT
Advisors, Ltd. (LCPRA), LCP’s asset manager, whereby (i) GE Real Estate, through aBusiness Cooperation Agreement with LCPRA, will provide preferential rights tonegotiate the acquisition of certain qualified residential assets in GE Real Estate’s
portfolio, (ii) GE Real Estate and its subsidiaries sell asset portfolio to LCP, and (iii) a GE
entity will acquire units in LCP.
LCP will purchase two offices and five multi-family properties located in the Tokyo
metropolitan area from GE Real Estate and its subsidiaries for JPY 37.47 billion (approx.
USD $309 million).

Through this acquisition, LCP’s assets will grow 64.3% to JPY

89.63 billion (approx. USD $740 million).
A Japanese entity of GE called, “New Mission Funding Corporation,” will purchase
32,500 newly issued units in LCP for approx. JPY 14.1 billion (approx. USD $117million).
“We are very impressed with LCP’s management and expertise, and believe it hastremendous potential,” noted Tomoyuki Yoshida, president of GE Real Estate Japan.
“Our goal is to add larger, high quality assets to help raise the overall profile and valueof this REIT.

This is a great opportunity for GE Real Estate to establish a cooperative

relationship with a Japanese REIT with excellent growth potential.”
Shunji Miyazaki, executive officer of LCP Investment Corporation noted, “Thistransaction with GE Real Estate presents us with a pipeline of quality assets, and are inline with our external growth strategy.”
LCP will raise the rest of the required cash for the transaction through a loan from UBS,
which will increase the overall leverage for the REIT to nearly 60%.

[Reference]

Press Release
UBS Securities Japan Ltd is the sole financial advisor to GE Real Estate Japan.
GE Real Estate Japan was established in 1998 and today has net earning assets of $5billion, with approximately 150 office buildings and 12,000 units of residential
properties across the country, with offices in Tokyo, Osaka, Fukuoka, Nagoya andSapporo.
LCP Investment Corporation was incorporated in September 2005 and is managed by LCPREIT Advisors, Ltd.

LCP was listed on the JREIT securities market of the Tokyo stock

exchange in May 2006. LCP’s portfolio consists of 36 assets, primarily residential andsenior housing properties.
-ENDSGE Contact:
Brent Feigenbaum
203/585-0810
brent.feigenbaum@ge.com
HLB Communications, Inc.
Pamela Flores
312/649-0371
pflores@hlbcomm.com

Notes to editors:
About GE Real Estate
GE Real Estate (www.gerealestate.com) is one of the world's premier commercial realestate companies with US$54 billion in assets and a presence in 24 countries throughout
North America, Europe, Asia, and Australia/New Zealand. Backed by GE's AAA rating, GE
Real Estate offers a comprehensive range of capital and investment solutions including
equity capital for acquisition or development, as well as fixed and floating rate
mortgages for new acquisitions or re-capitalizations of commercial real estate. With a28% compound annual growth rate since 1993, GE Real Estate is one of the world's
fastest growing and most profitable real estate enterprises. This extraordinary recordof success grows out of a reputation for collaboration and partnership; a depth ofknowledge and experience and a history of building relationships, finding opportunities
and opening doors for more than 5,000 owners, builders, borrowers and brokers
worldwide.
GE Commercial Finance (www.gecommercialfinance.com) offers businesses around theglobe an extensive array of financial products and services. With over US$215 billion inassets and expertise in the middle-market, GE Commercial Finance provides loans,
operating leases, financing programs and innovative structured capital to help
customers grow. Headquartered in Norwalk, Connecticut, GE Commercial Finance is a

[Reference]

Press Release
wholly owned subsidiary of the General Electric Company (NYSE:GE), diversified
services, technology and manufacturing company with operations worldwide.