NEWS RELEASE
December 2, 2022
For Immediate Release

Investment Corporation
Japan Real Estate Investment Corporation
Yutaka Yanagisawa, Executive Director(TSE code: 8952)
Asset Management Company
Japan Real Estate Asset Management Co., Ltd.
Shojiro Kojima , President & CEO
Contact: Masaru Motooka
Executive Officer & General Manager
Planning Department
Phone: +81-3-3211-7951

Announcement of Change of Organization, Director and Executive Officerof Asset Management Company
Japan Real Estate Investment Corporation (“JRE”) hereby announces that Japan Real Estate AssetManagement Co., Ltd. (“JRE-AM”), the asset management company to which JRE entrusts assetinvestment, resolved at its board of directors’ meeting held today to change the organization.
In addition, it is also resolved today to make changes to executive officer.

1. Details and Purpose of Change of Organization
・ JRE-AM has made efforts to enhance social sustainability through environmental consideration,social contribution and strengthening of governance by having dedicated staff, and moreover, will
newly establish the “Sustainability Management Department” for the purpose of further
strengthening such field.
・ In addition, it aims to strengthen the management strategy function by newly positioning the“Strategic Planning Department” as an unit that controls the overall management business.
・ JRE-AM has also made partial changes to the unit names and responsibilities. For details of the unit
names and responsibilities after the change, please refer to the attachment.
2. Change to Director and Executive Officer(1) Director whose title to be changed
New position
Miwako Chiba

Director & General Manager,
Sustainability Management Department
and Risk Management Department

1

Current position
Director & General Manager, Risk
Management Department;
Deputy General Manager, Real EstateManagement Department

(2) Executive Officer whose title to be changed
New position
Senior Executive Officer
In charge of Strategic PlanningKazuo Nezu
Department and Finance & Accounting
Department

Current position
Senior Executive Officer
In charge of Finance & Accounting
Department

3. Scheduled Date of Change
January 4, 2023
The asset management company will perform the necessary procedures including filings with regard to
the above change pursuant to the Financial Instruments and Exchange Act, the Real Estate Brokerage Act,and other applicable laws and regulations.

2Attachment■Before Change
General Meeting of Shareholders
Auditors
Board of DirectorsCompliance Committee

Investment Management Council
President & CEO

Compliance Dept.
Businesses regarding JRE● Businesses regarding promotion and control ofcompliance● Businesses regarding control and managementof legal affairs
Businesses regarding JRE-AM● Businesses regarding promotion and control ofcompany-wide compliance● Businesses regarding control and managementof legal affairs● Businesses regarding internal audit● Public relations business with supervisory
authorities

Planning Dept.

Finance &Accounting Dept.

Real Estate
Investment Dept.

Real EstateManagement Dept.

Businesses regarding JRE Businesses regarding JRE Businesses regarding JRE Businesses regarding JRE● Planning and proposal ● Businesses regarding ● Acquisition and● Leasing andof medium- to longfundraising strategy
disposition of real
management of realterm policy on asset ● Businesses regarding
estate and otherestate and othermanagement
assetsassetsequity finance● Businesses regarding ● Businesses regarding
IR and disclosure
debt finance● Businesses incidental ● Businesses regarding
to entrustment ofcash management
asset management● Businesses regarding● Research and analysis
accounting and taxof real estate market

3Corporate
Administration Dept.

Risk Management
Dept.

Businesses regarding
Businesses regarding JREJRE-AM● Businesses regarding● Planning and proposal
risk managementof management
Businesses regarding
strategy
JRE-AM● Businesses regarding ● Businesses regarding
general affairs,
company-wide risk
human resourcesmanagement
and accounting● Businesses regarding
license, registrationand notification

■After Change (The underlined parts show changes.)
General Meeting of Shareholders
Auditors
Board of Directors
Compliance Committee

Investment Management Council
President & CEO

Compliance Dept.
Businesses regarding JRE● Businesses regarding promotion and control ofcompliance● Businesses regarding control and managementof legal affairs
Businesses regarding JRE-AM● Businesses regarding promotion and control ofcompany-wide compliance● Businesses regarding control and managementof legal affairs● Businesses regarding internal audit● Public relations business with supervisory
authorities

Strategic Planning
Dept.

Finance &Accounting Dept.

Acquisition &Disposition Dept.

Asset Management
Dept.

Sustainability
Management Dept.

Corporate
Administration Dept.

Businesses regarding JRE Businesses regarding JRE Businesses regarding JRE Businesses regarding JRE● Matters regarding● Businesses regarding ● Acquisition and● Leasing andcontrol of overallequity financedisposition of real
management of real
management
estate and otherestate and other● Businesses regarding● Businesses regarding
assetsassetsdebt financeplanning and proposal ● Businesses regardingof management
cash management
strategy and policy● Businesses regarding● Businesses regarding
accounting and tax
IR and disclosure● Businesses incidental
to entrustment ofasset management● Research and analysisof real estate market

Businesses regarding JRE● Businesses regarding
promotion andcontrol ofsustainability
Businesses regarding
JRE-AM● Businesses regarding
promotion andcontrol ofsustainability

Businesses regarding JRE Businesses regarding JRE● Businesses incidental ● Businesses regarding
to entrustment ofrisk management
asset management
Businesses regarding
Businesses regarding
JRE-AMJRE-AM● Businesses regarding● Planning and proposal
company-wide riskof management
management
strategy● Businesses regarding
general affairs,
human resources
and accounting● Businesses regarding
license, registrationand notification

This is the English translation of the announcement in Japanese dated December 2, 2022.
No assurance or warranties are given for the completeness or accuracy of this English translation.

4Risk Management
Dept.