Press Release
GE REAL ESTATE JAPAN ESTABLISHES A BUSINESS RELATIONSHIP WITH LCPINVESTMENT CORPORATION, A LISTED JAPANESE REIT
GE to Sell Seven Assets for JPY 37.47 Billion (approximately USD $309Million)
Tokyo, Japan and Stamford, CT – GE Real Estate announced today that it has agreed toa transaction 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’sportfolio, (ii) GE Real Estate and its subsidiaries sell asset portfolio to LCP, and (iii) aGE 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% toJPY 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 andvalue of this REIT. This is a great opportunity for GE Real Estate to establish acooperative 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 arein line 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%.

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 $5
billion, 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
LCP REIT 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
and senior 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 EstateGE 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 andfloating rate mortgages for new acquisitions or re-capitalizations of commercial realestate. With a 28% compound annual growth rate since 1993, GE Real Estate is one of
the world's fastest growing and most profitable real estate enterprises. Thisextraordinary record of success grows out of a reputation for collaboration andpartnership; a depth of knowledge 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
in assets 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 awholly owned subsidiary of the General Electric Company (NYSE:GE), diversified
services, technology and manufacturing company with operations worldwide.