August 1, 2017
For Immediate Release<Investment Corporation>
Japan Real Estate Investment Corporation
Hiroshi Nakajima, Executive Director(TSE code: 8952)<Asset Management Company>
Japan Real Estate Asset Management Co., Ltd.
Naoki Umeda, President & CEO
Contact: Ryuta Yoshida
Director, Senior Executive Officer &General Manager, Planning Department
Phone: +81-3-3211-7951

Announcement of Acquisition ofTrust Beneficiary Right in Trust of Domestic Property
Japan Real Estate Investment Corporation (“JRE”) announced today that Japan Real Estate AssetManagement Co., Ltd., an asset management company to which JRE entrusts the management of its
assets, decided on August 1, 2017 the additional acquisition of trust beneficiary right in trust of
domestic property as follows:
1. Outline of the acquisition
1) Asset to be acquired:
2) Name of asset:

Trust beneficiary right in trust of domestic property(5.0% of quasi-co-ownership) (Note 1)
Shiodome Building3) Trustee:

Mitsubishi UFJ Trust and Banking Corp.

4) Term of trust agreement:

From March 22, 2004 to March 31, 2022

5) Acquisition price:¥10,530 million

6) Scheduled acquisition date:

September 1, 20177) Seller:

Mitsui & Co. Real Estate Ltd.

8) Method of Settlement:

Lump sum payment at closing of acquisition

9) Acquisition funds:

Loans and Own funds (Note 2)(Note 1)

JRE acquired quasi-co-ownership of the trust beneficially right in trust of Shiodome Building on
December 19, 2008, January 15, 2010, May 1, 2015 and on March 30, 2017, and owns 50.0%
share of the quasi-co-ownership as of August 1, 2017.

Following the above acquisition of

additional shares, JRE will hold 55.0% share of the quasi-co-ownership.
(Note 2)The detail of the loans will be informed as soon as it is decided.

12. Reasons for the acquisition
JRE will acquire the asset based on the basic policies and investment attitude for acquisition
under the Articles of Incorporation of JRE. In particular, the following points have been highly
evaluated in the determination of the acquisition.
(1) High competitivenessThis property is located in front of Hamamatsucho Station of the JR Line and is the south
gateway of the Shiodome area. It is also within three minutes’ walk from Hamamatsucho
Station of the JR Line and Daimon Station of the Asakusa Line and the Oedo Line. In
addition, it is accessible to Tokyo Station and Shinagawa Station, which is a hub station
for “Shinkansen,” and also to Haneda Airport (Tokyo International Airport), providing
great traffic convenience.

As for other features, it is comparatively new building completed in December 2007, andthe standard floor area constitutes a large floor space without pillars, comprising an areaof over 1,000 tsubo and a ceiling height of 2,900 mm (additional 100 mm of OA floor).
(2) Increase in share of co-ownership of the building
Since JRE’s share of quasi-co-ownership of trust beneficially right in trust of this property
will go up to 55.0% from the current share of 50.0% after the above acquisition, further
improvement in operational efficiency and the value of the asset can be expected.
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.
(1) Details of the property in trust
Location
Address shown inland registry
Address
Usage
Area
Land
Building
Structure
Completion dateArchitect
Constructor
Building confirmationand inspection bodyType of ownership
Land
Building

1-71-19, Kaigan, Minato-ku, Tokyoand other 14 lots
Building 1-71-19, Kaigan, Minato-ku, Tokyo and other
1-2-20, Kaigan, Minato-ku, Tokyo
Offices, Shops
Land

12,054.22 m2 (Total land area of the building site) (Note 1)
115,930.83 m2 (Total floor office space of the entire building)
Steel-framed, Steel-framed reinforced concrete structure, flat roof
Above ground: 24 floors Below ground: 2 floors
December 2007
Mitsubishi Jisho Sekkei Inc., Nikken Sekkei Ltd.
Taisei Corporation
The Building Center of Japan
Ownership
Ownership
2

Acquisition priceAppraisal value(Appraisal institution)(Appraisal date)
PML value
Collateral
Property managementcompany¥ 10,530 million¥ 10,800 million(Daiwa Real Estate Appraisal Co., Ltd.)(as of July 1, 2017)1.4% (Based on an earthquake risk assessment report issued by
Tokio Marine & Nichido Risk Consulting Co., Ltd.)
None
Mitsubishi Jisho Property Management Co., Ltd. (Note 2)(Note1) A part of the land has a compartmentalized surface right created to protect railroad structures and tobuild a subway facilities.
(Note2) Outline of the property management company

Corporate name
Address of the registeredhead office
Representative
Paid-in capital
Major shareholder
Principal business
Relationship with JRE or
the asset managementcompany

Mitsubishi Jisho Property Management Co., Ltd.
2-2-3, Marunouchi, Chiyoda-ku, Tokyo
Futoshi Chiba, President & CEO¥ 300 million
Mitsubishi Estate Co., Ltd.
Comprehensive administration and management services foroffice buildings, commercial complexes, and so forth
Mitsubishi Estate Co., Ltd., a parent company that holds a 90 %stake of the asset management company, to which JRE entrusts
the management of its assets, holds a 100 % stake in Mitsubishi
Jisho Property Management Co., Ltd. (“Mitsubishi Jisho
Property Management”).
Mitsubishi Jisho Property Management falls within thedefinition of related party of the asset management company
under the Order for Enforcement of the Act on Investment
Trusts and Investment Corporations, and also falls within thedefinition of related party under the internal rules of the asset
management company.

(2) Tenant details
Total number of tenants
Total leasable office space
Total leased office space
Trend in occupancy rates

Total rent revenue

36
4,019 m2
4,000 m2
September 30, 2012
98.5%
September 30, 2013
95.4%
September 30, 201498.2%
September 30, 2015
97.7%
September 30, 2016
99.1%
Scheduled acquisition date
99.5%
¥ 465 million per year
(Estimated under ordinary state occupancy)

3

Security deposit
NOI (Net Operating Income)Depreciation(Note)¥ 375 million in total(Estimated under ordinary state occupancy)¥ 368 million per year
(Estimated under ordinary state occupancy)¥ 83 million per year
(Estimated under ordinary state occupancy)-Total number of tenants, total leasable office space, total leased
office space and occupancy rate on the scheduled acquisition
date are projections as of the scheduled acquisition date.
-NOI is an estimated amount under ordinary state occupancy
given the fixed property taxes and city planning taxes, inaddition to the terms and conditions of lease agreements as ofthe scheduled acquisition date, etc.
-Estimated occupancy rate: 95%-Total rent revenue, security deposit and depreciation represents
the estimated amount under ordinary state occupancy.
-The above figures (except total rent revenue, security deposit,
NOI and depreciation) are based on the data provided by theseller.
- The above figures are calculated only for the
additionally-acquired share of quasi-co-ownership, but the
total number of tenants represents the total number of all thebuilding’s tenants.

(3) Specifications for leasable floor space
Ceiling heightStandard floor area
Office automation floor
Electric capacity
Air conditioning system
Floor load
Others2,900 mm (Some floors: 3,200 mm)
3,501 m2
100 mm (Some parts: 400 mm)
60 VA/ m2
Individual air conditioning by zones(max. 102-104 zones per floor)
500 kg/ m2 (Heavy duty zone: 1,000 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/Capital expenditure forthe next 15 years (Annual average for theassets to be acquired by JRE)

Repairing expenses
Capital expenditure
Total

ii. Description concerning utilization status of asbestos(Description on the possible use of asbestos)Sprayed materials with asbestos
None

4

February 1, 2017
Shimizu Corporation¥ 4 million¥ 15 million¥ 19 million

4. Outline of seller
Corporate name
Address of the registeredhead office
Representative
Establishment date
Paid-in capital
Major shareholders(Ratio of shareholders)
Principal Business

Mitsui & Co. Real Estate Ltd.
1-13-1, Nishi-Shimbashi, Minato-ku, Tokyo
Shunsuke Furuya, President & CEO
November 1, 2000
¥ 3 billion
Mitsui & Co., Ltd. (100%)
Real estate sales, exchange, leasing and management.
Brokerage of real estate leasing and sales transactions.
Plan, propose and consult effective utilization anddevelopment of real estate.

Net Assets and Total Assets
Net Assets: ¥ 11,826 million (Fiscal year ended March 2017)
in the preceding fiscal
Total Assets: ¥ 80,377 million (Fiscal year ended March 2017)
periodRelationship with JRE or the asset management company
Mitsui & Co., Ltd., a shareholder that holds a 10% stake of theasset management company to which JRE entrusts the
Capital relationshipmanagement of its assets, has a 100% investment in Mitsui &Co. Real Estate Ltd.
Personal relationship
None in particularBusiness relationship
None in particular
Mitsui & Co. Real Estate Ltd. falls within the definition ofrelated party of the asset management company under theOrdinance on Terminology, Forms, and Preparation Methodsof Consolidated Financial Statements. Furthermore, Mitsui &Applicability to related Co. Real Estate Ltd. does not fall within the definition ofparties
related party of the asset management company under theOrder for Enforcement of the Act on Investment Trusts andInvestment Corporations, however, falls within the definitionof related party under the internal rules of the asset
management company.

55. Information on property owners, etc.
Property name
(Address)
Owner of theproperty
Corporate Name
Relationship toparty withspecial interest

Acquisition
background andreason etc.
Acquisition price

Acquisition date

Shiodome Building(1-2-20, Kaigan, Minato-ku, Tokyo
Previous owner
Mitsui & Co. Real
Estate Ltd.
Reference to theabove 4.Outline ofseller.

Acquire formanagement ofasset investment
Not to state as theprevious owner isholding over one
year
March 2012

Second Previous Owner

Third Previous
Owner

MARE Y.K.

None

Mitsubishi Estate Co., Ltd.
(a parent company that holds
a 90% stake of the asset
management company towhich JRE entrusts the
management of its assets)
and Mitsui & Co., Ltd. (ashareholder that holds a 10%
stake of the asset
management company) had
an anonymous association
investment.
Newly built in December
2007

-

-

-

-

-

-

6. Transactions with related parties
The acquisition of the property is not deemed as transaction with related parties, however, falls
within the definition of transaction with related parties under the internal rules of the asset
management company. When executing such transaction, the asset management company has
obtained the review and approval from the compliance committee, and undergone approval
procedures at an asset management meeting, pursuant to the Rules for Related Party Transactions.
7. Outline of the brokerage
Not applicable
8. Acquisition schedule
August 1, 2017
August 2, 2017
September 1, 2017

Determination of the acquisition of the property
Execution of the agreement for the acquisition (scheduled)
Lump sum payment at closing of the acquisition (scheduled)

9. Future outlook
As the impact of the acquisition on JRE’s management performance for September 2017 period(from April 1, 2017 to September 30, 2017) and March 2018 period (from October 1, 2017 toMarch 31, 2018) is expected to be minor, no revision of the forecast for performance will bemade.
610. Outline of appraisal report
Name of asset
Appraisal value
Appraisal institution
Date of appraisal

Shiodome Building¥ 10,800,000 thousand
Daiwa Real Estate Appraisal Co., Ltd.
July 1, 2017
Amount(thousand yen)

Item

General Outline
Estimated with DCF method which is referring future

Capitalization Value

10,800,000 net cash flow and also with the validation ofcapitalization value by direct method.

Direct Capitalization Value(1)Operating Revenue [①－②]

11,100,000
491,616
Estimated based on a level and trend of comparable

512,384 cases referring to medium to long term

① Annual Rent Revenue② Amount of Loss due to Vacancy(2)Operating Expenses

competitiveness etc.
Calculated with the estimation of medium to long term
20,768 stable vacancy rate based on a level of comparable
cases and considering competitiveness etc.

102,330
Maintenance cost for building is evaluated based on

Maintenance Cost for Building

32,958 actual costs in past years and comparable properties’

Property Management Fee(Note) cases. Property management fee is evaluated based oncomparable properties’ cases.
Applied one month rent fee referring comparable
3,368 properties’ cases.
Calculated considering the actual costs in the past
24,000 years and occupancy rate.
Applied annual average of repairing expenses listed in
4,815 the engineering reports.
Estimated based on the actual figures for fiscal 201734,671 considering trend of land prices, etc.
Estimated based on actual insurance premiums in the
565 past years.
Calculated based on the actual promotion expenses
1,950 etc.

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

389,285
3,981 Assessed at a rate of return on investment of 1%.

(5)Capital Expenditure

15,021 engineering reports.

(6)Net Cash Flow [(3)+(4)－(5)]378,246

Applied annual average of spend listed in the

Estimated based on the standard yield out of analyzed
transaction yield of comparable properties’ cases for A
3.4% class building, taking account of market trend ofleasing and acquisition for the area.

(7)Cap Rate
Discounted Cash Flow Value

10,650,000
Estimated by referencing the transactions of

Discount Rate

3.2% comparable properties and comparing with yields ofother financial instruments, etc.
Estimated with consideration of the marketability etc.
3.6% upon termination of analyzing the cap rate.

Terminal Cap Rate
Integrated Value
Ratio of Land
Ratio of Building

8,450,000
83.8％
16.2％

* Values below a thousand yen are cut off.

7

Any special considerations made in thereconciliation of estimated value anddetermination of the final appraisal value(Note)

None in particular

The property management company of the subject property did not agree to disclose the property
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 JRE to delegate effective property
management service based on JRE’s policy of property maintenance and operation. This could in turnundermine the interest of JRE’s unitholders.

Accordingly, maintenance costs for the building andproperty management fees are shown in total amount.

Reference materials (attachments)• Information map and exterior appearance of Shiodome Building• List of all the assets of JRE after the acquisition of this asset

This is the English translation of the announcement in Japanese dated August 1, 2017.
However, no assurance or warranties are given for the completeness or accuracy of this English
translation.

8

(Reference) Information map and exterior appearance of Shiodome Building

9

(Reference) List of all the assets of JRE after the acquisition of this asset
Area

Tokyo
metropolitan
area(23 wards)

Acquisition price (Note 1)(thousand yen)

Percentage
of portfolio

Name

Location

Type of asset

Acquisition date

Kitanomaru Square

Chiyoda-ku, Tokyo

Real property

February 24, 2006

８１，５５５，５００

８．５％
１．０％

MD Kanda Building

Chiyoda-ku, Tokyo

Real property

May 31, 2002

９，５２０，０００

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

March 31, 2014

１５，４６２，９００

１．６％

Nibancho Garden

Chiyoda-ku, Tokyo

Real property

April 1, 2005

１４，７００，０００

１．５％

Mitsubishi UFJ Trust and Banking
Building

Chiyoda-ku, Tokyo

Real property

March 28, 2007

４４，７００，０００

４．７％

Burex Kojimachi Building

Chiyoda-ku, Tokyo

Real property

July 29, 2005

７，０００，０００

０．７％

Chiyoda-ku, Tokyo

Real property

January 31, 2005
April 3, 2006
Total

１０，２００，０００

Sanno Grand Building

１０，７００，０００

２．２％

２０，９００，０００

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 right intrust of real property

September 25, 2001

３，１７３，０００

０．３％

Kyodo Building(Kayabacho 2Chome)

Chuo-ku, Tokyo

Trust beneficiary right intrust of real property

March 1, 2011

４，４１０，０００

０．５％

Burex Kyobashi Building

Chuo-ku, Tokyo

Real property

July 22, 2002

５，２５０，０００

０．５％

Ginza 1Chome East Building

Chuo-ku, Tokyo

Trust beneficiary right intrust of real property

March 2, 2015

６，４５９，０００

０．７％

Ginza Sanwa Building

Chuo-ku, Tokyo

Real property

March 10, 2005

１６，８３０，０００

１．８％

Chuo-ku, Tokyo

Real property

March 15, 2005
May 24, 2010
Total

５，３５３，５００

Ryoshin Ginza East Mirror Building

２，６４５，９２２
７，９９９，４２２

０．８％

Harumi Front

Chuo-ku, Tokyo

Real property

January 7, 2013

３１，３００，０００

３．３％

Harumi Center Building

Chuo-ku, Tokyo

Real property

December 18, 2007

２６，８００，０００

２．８％

Akasaka Park Building

Minato-ku, Tokyo

Real property

November 15, 2011

６０，８００，０００

６．４％

Aoyama Crystal Building

Minato-ku, Tokyo

Real property

March 14, 2003

７，６８０，０００

０．８％

Clover Shiba-koen

Minato-ku, Tokyo

Trust beneficiary right intrust of real property

January 20, 2015

４，５００，０００

０．５％

２１，２５０，０００
５４，６００，０００

１０６，９３０，０００

Shiodome Building

Minato-ku, Tokyo

Trust beneficiary right intrust of real property

December 19, 2008
January 15, 2010
May 1, 2015
March 30, 2017
September 1, 2017
Total

Shiba 2Chome Daimon Building

Minato-ku, Tokyo

Trust beneficiary right intrust of real property

September 10, 2001

４，８５９，０００

０．５％

Cosmo Kanasugibashi Building

Minato-ku, Tokyo

Trust beneficiary right intrust of real property

September 25, 2001

２，８０８，０００

０．３％

Tamachi Front Building

Minato-ku, Tokyo

Real property

March 30, 2017

６，２１０，０００

０．７％

Shinjuku-ku, Tokyo

Trust beneficiary right intrust of real property

October 1, 2014
January 25, 2017
Total

２３，１００，０００

Shinjuku Eastside Square

６，６６０，０００２９，７６０，０００

３．１％

Shinwa Building

Shinjuku-ku, Tokyo

Real property

September 1, 2004

７，８３０，０００

０．８％

Tokyo Opera City Building

Shinjuku-ku, Tokyo

Real property

September 13, 2005
March 24, 2010
Total

９，３５０，０００２２，４２６，８３１

３．３％

１０，１００，０００
１０，４５０，０００
１０，５３０，０００

１１．２％

７５．１％

３１，７７６，８３１

TIXTOWER UENO

Taito-ku, Tokyo

Real property

June 15, 2012

２２，０００，０００

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 right intrust of real property

September 10, 2001

５，１２３，０００

０．５％March 24, 2004

６，６７０，０００

August 23, 2013

－１，１７０，０００

Total

５，５００，０００

Shinjuku South Gate Project(tentative name)(Land with leasehold interest)

Shibuya-ku, Tokyo

Real property

２．３％

０．６％

Yoyogi 1Chome Building

Shibuya-ku, Tokyo

Real property

April 1, 2004

８，７００，０００

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

３．６％

Ebisu Neonato

Harmony Tower

Shibuya-ku, Tokyo

Nakano-ku, Tokyo

Real property

Real property

November 30, 2001

３４，６００，０００

November 14, 2003
April 1, 2004
February 18, 2014
Total
February 28, 2005
December 19, 2012
March 27, 2015
Total

３，７４０，０００
３６０，０００
１０，５１２，０００

０．９％

１．５％

１４，６１２，０００
８，５００，０００
５２０，０００
２，１００，０００

１．２％

１１，１２０，０００

Otsuka Higashi-Ikebukuro Building

Toshima-ku, Tokyo

Trust beneficiary right intrust of real property

September 25, 2001

３，５４１，０００

０．４％

Ikebukuro 2Chome Building

Toshima-ku, Tokyo

Trust beneficiary right intrust of real property

September 25, 2001

１，７２８，０００

０．２％

Ikebukuro YS Building

Toshima-ku, Tokyo

Real property

August 2, 2004

４，５００，０００

０．５％March 31, 2005
March 19, 2008
Total
September 25, 2001
October 11, 2001
Total

３，３００，０００２，３７９，１１２

０．６％

Hachioji First Square

Hachioji City, Tokyo

Real property

５，６７９，１１２
１，２３２，０００
１，３４２，０００

Saitama Urawa Building

Saitama City,
Saitama Prefecture

MM Park Building

Yokohama City,
Kanagawa Prefecture

Real property

March 24, 2008

３７，４００，０００

３．９％

Queen's Tower A

Yokohama City,
Kanagawa Prefecture

Trust beneficiary right intrust of real property

January 31, 2014

１７，２００，０００

１．８％

Kawasaki Isago Building

Kawasaki City,
Kanagawa Prefecture

Trust beneficiary right intrust of real property

September 25, 2001

３，３７５，０００

０．４％

Musashi Kosugi STM Building

Kawasaki City,
Kanagawa Prefecture

Real property

March 25, 2008

Tokyo
metropolitan
area(excluding 23 wards)

Real property

Total: Tokyo metropolitan area

10

Percentage
by area

０．３％

２，５７４，０００

４，０００，０００

０．４％

７８７，７６０，７６６

８２．５％

７．４％

８２．５％

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

０．７％

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

１．０％２，９２４，０００
２５０，００００．３％

TohokuregionSendai City,
Miyagi Prefecture

Trust beneficiary right intrust of real property

AER

Sendai City,
Miyagi Prefecture

Real property

September 1, 2015

１８，６４０，０００

Real property

February 28, 2002
March 3, 2003
total

２，８８０，０００

Kanazawa Park Building

Kanazawa City, Ishikawa
Prefecture

１，７００，０００
４，５８０，０００

０．５％

Kanazawa Kamitsutsumicho Building

Kanazawa City, Ishikawa
Prefecture

Real property

October 3, 2016

２，７８０，０００

０．３％

Nagoya City,
Aichi Prefecture

Real property

October 2, 2006
November 1, 2006
June 9, 2014
April 1, 2016
total

３，８５０，０００

Nishiki Park Building

Chubu
regionKinki
regionChugokuregionKyushuregion３，１７４，０００

１，３００，０００
６５０，０００

２．０％

０．８％

０．６％

１７５，０００５，９７５，０００

Nagoya Hirokoji Place

Nagoya City,
Aichi Prefecture

Trust beneficiary right intrust of real property

July 31, 2013８，５６７，０００

０．９％

Nagoya Hirokoji Building

Nagoya City,
Aichi Prefecture

Real property

September 10, 2001

１４，５３３，０００

１．５％

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 right intrust of real property

April 1, 2015

１５，５２３，５２０

１．６％

Shin-Fujita Building

Osaka City,
Osaka Prefecture

Trust beneficiary right intrust of real property

Sakaisujihonmachi Building

Osaka City,
Osaka Prefecture

Real property

Osaka City,
Osaka Prefecture

Trust beneficiary right intrust of real property

Amagasaki Front Building

Amagasaki City,
Hyogo Prefecture

Lit City Building

Okayama City, Okayama
Prefecture

Midosuji Daiwa Building

０．７％

３．４％

Sendai Honcho Honma
Building

September 25, 2001
June 28, 2006
total

Hokuriku
regionPercentage
by area

September 1, 2008

２４，０００，０００

２．５％

September 25, 2001
December 26, 2003
total
September 25, 2001
February 28, 2002
total

２，２６４，０００
１，９００，０００

０．４％

１４，３１４，０００

Trust beneficiary right intrust of real property

March 25, 2015

９，３００，０００

１．０％Real property

February 1, 2006

４，６５０，０００

０．５％March 25, 2004
March 3, 2008
total

１，３２０，０００

３．２％

７．５％

４，１６４，０００６，９３４，０００
７，３８０，０００

１．５％

０．８％

NHK Hiroshima Broadcasting Center
Building

Hiroshima City,
Hiroshima Prefecture

Real property

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 right intrust of real property

September 10, 2001

１，４５０，０００

０．３％

２，７７０，０００

１．１％

３，６５７，０００

０．４％

Total: Other major cities

１６７，４９２，５２０

１７．５％

１７．５％

Total: Portfolio

９５５，２５３，２８６

１００．０％

１００．０％(Note1) Acquisition prices are expressed by cutting off the numbers below a thousand.
(Note2) The acquisition price of Shinjuku South Gate Project (Land with leasehold interest) represents the acquisition price of the land andbuilding net of the acquisition price of the building on March 24, 2004, as the building section was disposed on August 23, 2013.
The name of the property was renamed to “Shinjuku South Gate Project (tentative name) (Land with leasehold interest)” from “Nippon
Brunswick Building (Land with leasehold interest)” on May 15, 2017.
(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 sold on October 30, 2009.

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