25th December 2023

Acquired Multi-family Apartment in McKinney, Texas- This is the forth multi-family apartment project in the United States Hankyu Hanshin Properties Corp. (Head Office: Kita-ku, Osaka; President: Morotomi Ryuichi) has
acquired multi-family property “The Rustic of McKinney” （hereinafter, “the property”） in McKinney,Texas through its wholly owned subsidiary company “Hankyu Hanshin Properties USA LLC”.
The property has been acquired and will be operated together with SAM Residential Group (hereinafter"SAM"), an IM company※１, in the same manner as the second project (Multi-family apartment in PhoenixCity). This is the third project in which we have participated in as a major shareholder in the country.
※１：Abbreviation for Investment Management Company, which offers not only asset management but also investment practice.

■Project Overview
Unit interior (practical example of renovation)

Exterior view

Common area (Swimming pool)

Project Name
Location
Site Area
Leasable Area
Total Units
No. of Floors
Completion year

The Rustic of McKinney
2700 N. BrookDr.McKinney, TX 75072
Approx. 53,800 ㎡
Approx. 21,000 ㎡
260 unitsAbove ground: 2 floors
1997

The property is a 260 unit multi-family apartment complex completed in 1997. There are 21 independent
two-story buildings on the site (each building consists of 8 to 16 units), as well as a gym and a swimming
pool are attached to the property as common facilities.
The Dallas MSA (Metropolitan Statistical Area)※2 in Texas, where the property is located, is one of thefastest growing areas in the United States in terms of population, employment and household income.
Therefore, the area is expected to have ample demand for housing in the future. Although the property
is located in McKinney City, which is located north of Dallas City, there are a number of large-scale workplaces
and commercial facilities in the surrounding area, making it extremely convenient for both commuting andliving, thus stable occupancy can be expected in the future. After the acquisition, our company intends
to renovate the property to further enhance its value.
※２：Areas of economic significance to the entire region centered on the City of Dallas, as defined by the US government.

This is our forth project in the United States following the establishment of our local subsidiary in April
2022. Since then our company has participated in three multi-family apartment projects in the cities ofSeattle, Phoenix, and Renton. Going forward, we will continue to make use of above-mentioned local
subsidiary to seek further business opportunities in the United States and expand profits bydeveloping an information gathering system as well as building strong partnerships with localcompanies.
■Projects in the United States■About Hankyu Hanshin Properties USA LLC
Company NameHankyu Hanshin Properties USA LLC

Shareholder

Hankyu Hanshin Properties Corp. 100%

Established

April 5, 2022

Main Lines ofBusiness

Real estate business (leasing, buying and selling, development and others)
Project management, market research, opportunity research, relationshipmanagement with companies in the US, build a new partnership■About Hankyu Hanshin Properties Corp.
Company NameHankyu Hanshin Properties Corp.

Head Office

Hankyu Terminal Bldg., 1-1-4 Shibata, Kita-ku, Osaka

Representative

Morotomi Ryuichi

Paid-in Capital

12.4 billion yen

Revenue

126.8 billion yen (as of March 2023)
Leasing of office and commercial facilities, Real estate development,Lines of Business

Area Management, Real estate funds, Sales of condominiums・landed properties・
residential land plots, Brokerage, Refurbishment, Rental management,
Land use optimization and others

Number ofEmployees

Approx. 900 (as of March 2023)*News releases written in Japanese are treated as official releases.