Creating peace of mind through honest and committed management.

[Provisional Translation Only]
This English translation of the original Japanese document is provided solely for information purposes.
Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

November 6, 2014
REIT Issuer
Ichigo Real Estate Investment Corporation (8975)
1-1-1, Uchisaiwaicho, Chiyoda-ku, Tokyo
Representative: Yoshihiro Takatsuka, Executive Director
Asset Management Company
Ichigo Real Estate Investment Advisors Co., Ltd.
Representative: Wataru Orii, President & Representative Statutory Executive Officer
Inquiries: Minoru Ishihara, Executive Vice President & Statutory Executive Officer
Tel: 03-3502-4891

Ichigo REIT Portfolio Occupancy (Flash Data) – October 2014
Ichigo Real Estate Investment Corporation (“Ichigo REIT”) hereby announces its portfolio
occupancy as of the end of October 2014:
End of September2014(Final: A)
95.7%
96.0%

End of October
2014(Flash: B)
95.7%
96.2%

Residences (R)

97.8%

97.0%

-0.8%

Others (Z)

92.3%

92.3%

－96.3%

96.2%

-0.1%

95.2%

95.1%

-0.1%

95.0%

95.8%

+0.8%

95.5%

95.5%

－70
512
170,303.18m2
162,963.96m2

70514
170,300m2
163,000m2－TotalOffices (O)By AssetTypeCentral Tokyo
Tokyo
Metropolitan Area
By Area
Four Major
Regional Cities
Other RegionalCities
No. of Assets
No. of Tenants
Leasable Area
Leased Area

Difference(B-A)－+0.2%+2(Note 1) The above figures have not been audited.
(Note 2) Leasable Area is the total space of the individual properties that is available to be leased
and is subject to minor adjustments due to refurbishing or individual rental contract terms.
(Note 3) “Central Tokyo” refers to Chiyoda, Minato, Chuo, Shinjuku, Shibuya, and Shinagawa
Wards. “Tokyo Metropolitan Area” refers to Tokyo (excluding the six wards above),Kanagawa, Chiba, and Saitama Prefectures. “Four Major Regional Cities” refers to Osaka,Nagoya, Fukuoka, and Sapporo.
(Note 4) Leasable Area and Leased Area for Flash Data are rounded down to the nearest hundred
square meters.

1Explanation of Changes
New tenant leases at Ichigo Gotanda Building and Ichigo Meieki Building contributed toimproved occupancy in Offices and Four Major Regional Cities. Meanwhile, lease terminations
at Ichigo Serviced Apartments Ginza, ForeCity Tomigaya, and ForeCity Shinkamata decreased
occupancy in Residences, Central Tokyo, and Tokyo Metropolitan Area.
Leasing and Value Enhancement Activities
As part of the Ichigo Group, Ichigo REIT aims to increase tenant satisfaction by improving thequality of tenant services in all of its assets. Ichigo REIT carries out these activities based on theancient Japanese philosophy of Ichigo Ichie (literally, “One lifetime, one encounter”), which calls
for total commitment and sincerity in serving others. In seeking to understand each tenant andidentify its specific needs, Ichigo REIT conducts regular visits to tenants and carries out
satisfaction surveys.
Ichigo REIT launched call center operations this month to provide more robust response andservices in the event of tenant problems and emergencies. Tenants can contact Ichigo REIT toreceive service support by toll-free phone 24/7. This service is being rolled out gradually and will
be made available to all Ichigo REIT tenants in the future.
Ichigo REIT completed value-add renovations to the common areas on a vacant office floor ofIchigo Uchikanda Building (O-12), including significantly enhancing the restrooms via improved
lighting and wash basins.
At its retail assets, Ichigo REIT is working collaboratively with tenants to build eye-catchingsigns. At Daimyo Balcony building (Z-08), Ichigo REIT installed new signage that rotates its
content weekly among tenants, such that each tenant has a unique branding opportunity.
Ichigo REIT will continue to embrace the philosophy of Ichigo Ichie to maintain strong
relationships with tenants and work to further add value to its quality assets.
Website of Ichigo REIT: www.ichigo-reit.co.jp/english

2

Call Center Support Details

Ichigo Uchikanda Building3