March 16, 2023

Announcement Regarding the Completion and Opening of a Rental Employee
Housing for Corporates (Development Type Fund)
Hankyu Hanshin Real Estate Investment Advisors
Hankyu Hanshin Real Estate Investment Advisors (HHREIA) here announces the completion of the building,which was developed by an employee housing* development project that HHREIA has been entrusted with its asset
management operations, took place on March 10 of this year, and the SPC of the project has acquired the TBI (trustbeneficiary interest) of the building concurrently. The opening date of “L-Place Esaka II” was also March 10.
*housing which companies rent for their employees

L-Place Esaka II, located in Suita City, Osaka, is 7 minutes’ on foot from Osaka Metro Midosuji Line and KitaOsaka Kyuko Line “Esaka” station, 12 minutes’ on foot from Hankyu Senri Line “Toyotsu” station, and has great
access to major stations that are in the business center of Kansai such as “Umeda”, “Yodoyabashi” and “Honmachi”.
Furthermore, it is only 2 stations away from Shin-Osaka (a stop in JR Tokaido Shinkansen), which is called thegateway to Osaka, making this a perfectly suited location for an employee housing.

L-Place Esaka II is a large employee housing that is consisted of 210 rooms of sizes from 24.45 square meters to
25.26 square meters, which has created a comfortable and a higher grade environment for its residents to work with
its various facilities such as a dining hall, delivery boxes, a dry cleaning room, a gym, and a rooftop terrace.

This is HHREIA’s first employee housing development project together with Daiwa House Industry Co., Ltd., theconstructor of the building, and Daiwa LifeNext Co., Ltd. (Akasaka 5-1-33, Minato-ku, Tokyo), Daiwa House’sgroup company. Together with the operational know-how of Daiwa LifeNext and HHREIA’s past achievements andexperiences, we have strived to develop a high quality employee housing.

HHREIA is considering various employee housing and student dormitory property development projects for fundstructuring, while continuously managing the said employee housing. HHREIA will continue to utilize Hankyu
Hanshin Holdings Group’s wide range information network and financial credibility to offer high quality asset
management service that will be able to answer to our institutional investors’ expectation.
■ L-Place Esaka II Overview
Location
Tarumi-cho 3-22-6, Suita City, Osaka
7 minutes’ walk from Osaka Metro Midosuji Line and Kita-Osaka Kyuko Line “Esaka” Station
Transportation
Site Area
1,569.18 ㎡
Total Floor Area
Structure/Scale
Design/Construction
Number of Unit
Other
Facility/Equipment

7,833.15 ㎡
Reinforced Concrete Construction/10 Stories
Daiwa House Industry Co., Ltd.
210 Units (24.45～25.26 ㎡ per unit)
Shared Facilities: Dining Room, Dry Cleaning Room, Smoking Room, Delivery Box,Parking Space (for Bicycle, Motorcycle, Car), Gym, Rooftop Terrace©2023 Hankyu Hanshin Real Estate Investment Advisors, Inc.

＜Exterior/Interior of Building＞[Contact Info Regarding This Release]
Hankyu Hanshin Real Estate Investment Advisors, Inc.
Business Management and Planning Division
TEL：06-6315-8960 (direct)■ This announcement is not material disclosed under the Financial Instrument and Exchange Act and is not anadvertisement or the similar which is defined in the Act.
■The purpose of this announcement is not for our company to give investment advice or solicit specific financial productsunder the Financial Instrument and Exchange Law in or outside of Japan. Furthermore, this announcement is not for thepurpose to solicit the TBI mentioned here.

©2023 Hankyu Hanshin Real Estate Investment Advisors, Inc.