6th July 2023

Acquisition of a multi-family property in Renton, Washington~This is the third multi-family project in the United States~
Hankyu Hanshin Properties Corp. (head office: Kita-ku Osaka, President: Morotomi Ryuichi) has acquireda multi-family property “Westview Village Apartments” （ the “property” ） in Renton, Washington
through its wholly owned subsidiary company “Hankyu Hanshin Properties USA LLC”.
The project has been acquired and will be operated together with “Tokyu Land US Corporation”, alocal subsidiary of Tokyu Land Corporation (the Company will participate as an IM Company※１). This is
the second 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.
Exterior view

Unit interior (practical example of renovation)

The property is a 120-unit multi-family apartment complex completed in 1991. There are 13
independent three-story buildings on the site (each building consists of 4-15 units), and a gym, spa,etc. are attached to the property as common facilities.
The Seattle MSA（Metropolitan Statistical Area※2） in Washington State, where the property islocated, is one of the fastest growing areas in the United States in terms of population, employmentand household income. Therefore, the area is expected to have ample demand for housing in thefuture. Although the property is located approximately 20 km southeast of downtown Seattle, there
are a number of large workplaces and commercial facilities in the surrounding area, making it
extremely convenient for both commuting and living, thus stable occupancy can be expected in thefuture. Upon acquisition, our Company intends to renovate the property to further enhance its value.
This is our third project in the United States, following our participation in multi-family property
business in Seattle ※3and Phoenix※４ in June and August 2022, respectively. Going forward, we willcontinue to make use of above-mentioned local subsidiary to seek further business opportunities in
the United States and expand profits by developing an information gathering system as well asbuilding strong partnerships with local companies.

※２：Areas of economic significance to the entire region centered on the City of Seattle, as defined by the government.
※３：News release on the participation in a multi-family property in Seattle.
https://www.hhp.co.jp/data/pdf/2_8npt75e2pu04w4go88w00gos0.pdf※４：News release on the participation in a multi-family property in Phoenix
https://www.hhp.co.jp/data/pdf/2_6e0ee7o6lfs4k0g44k0c48oo0.pdf■Overview of the property
Project Name
Location
Site Area
Leasable Area
Total Units
No. of Floors
Completion year

Westview Village Apartments
17735 105th Place Southeast Renton, Washington 98055
Approx. 20,600 ㎡
Approx. 10,600 ㎡
120 units
31991■About Hankyu Hanshin Properties USA LLC
Company Name

Hankyu 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, relationship management withcompanies in the United States, build a new partnership■About Hankyu Hanshin Properties Corp.
Company Name

Hankyu Hanshin Properties Corp.

Head Office

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

RepresentativeMorotomi 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, Area Management,Lines of Business

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

Number ofApproximately 900（as of March 2023）

Employees*News Releases written in Japanese are treated as official releases.