March 28, 2018
Real Estate Investment Trust Securities Issuer
Sekisui House Reit, Inc.
Representative:
Junichi Inoue, Executive Director(Securities Code: 3309)
Asset Management Company
Sekisui House Investment Advisors, Ltd.
Representative:
Junichi Inoue,
President & Representative Director
Inquiries:
Atsuhiro Kida,
Director & General Manager
Management Division
TEL: +81-3-6447-4870 (main)

Notice Concerning Resignation of Auditor and Expected Appointment of Directors and Auditor of
Asset Management Company
Sekisui House Investment Advisors, Ltd. (Asset Management Company, "SHIA"), to which Sekisui House Reit, Inc.
entrusts management of its assets, hereby notices as set out below that it has, at a board of directors meeting convened
today, accepted the resignation of its (part-time) auditor, Keizo Yoshimoto, and has resolved in writing at ashareholders meeting based on Article 319 Paragraph 1 of the Companies Act to appoint new directors and auditor.
Notice:1. Resigning auditor (as of April 30, 2018)
Auditor (part-time): Keizo Yoshimoto
2. Directors and auditor expected to be appointed (as of May 1, 2018)
Executive Vice President & Director (full-time): Osamu MinamiDirector (full-time): Nobuyoshi Sato
Director (full-time): Koji Sakamoto
Auditor (part-time): Naoki Kawamura*The career summary of the directors and auditor expected to be appointed are as set out in the attachment.

In connection with the above, required notifications and other procedures will be undertaken in accordance with theprovisions of the Financial Instruments and Exchange Act, the Building Lots and Buildings Transaction Business Act,and other applicable acts and regulations.

* Sekisui House Reit, Inc. website: http://www.sekisuihouse-reit.co.jp/en/

Disclaimer: This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version shall prevail.

1Attachment
CV of Directors expected to be appointed
Title

Executive Vice
President &Director(full-time)

Name

Osamu Minami

Personal Experience
April 1983

Joined Sekisui House, Ltd., Urban Development Department

August 1991

Sekisui House, Ltd., Tokyo City Development Department

April 1999

Sekisui House, Ltd., Development Department

April 2006

Sekisui House, Ltd., Development Planning Department, Chief
ManagerFebruary 2010

Sekisui House, Ltd., East Japan Development Planning
Department, Chief ManagerMay 2010Sekisui House, Ltd., East Japan Development Department, Chief
Manager

May 2012

Sekisui House, Ltd., Development Department, Senior Manager

June 2012

Seconded to Japan Post Holdings, Co., Ltd., Real Estate Planning
Department, General Manager

March 2014

Seconded to Sekisui House SI Asset Management, Ltd.
(currently Sekisui House Asset Management, Ltd.), Advisor

March 2014

Sekisui House SI Asset Management, Ltd., Representative
Director and President (current position)

April 2014

Transferred to Sekisui House SI Asset Management, Ltd.

June 2014

Sekisui House SI Residential Investment Corporation (currentlySekisui House Residential Investment Corporation), Executive
Director (current position)

May 2018

Sekisui House Investment Advisors, Ltd.(Note), Executive Vice
President & Director (scheduled)

Disclaimer: This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version shall prevail.

2

TitleDirector(full-time)

Name

Personal Experience
April 1994

Joined ORIX Corporation, Real Property Appraisal Department

March 1998

ORIX Corporation, Osaka Sales Department IIMarch 2002

ORIX Corporation, Project Finance Department

March 2005

ORIX Corporation, Structured Finance Department

April 2007

Joined LaSalle Investment Management KK (currently LaSalleInvestment Management), Investment Sales Department,
Associate DirectorApril 2009

Joined Joint Corporation
Seconded to Joint Capital Partners Co., Ltd. (currently Sekisui
House Asset Management, Ltd.), IR and Finance Department,
Senior ManagerApril 2009

Joint Capital Partners Co., Ltd., IR and Finance Department,
General Manager

March 2010

Transferred to Sekisui House SI Asset Management Ltd.
(currently Sekisui House Asset Management, Ltd.), IR andFinance Department, General Manager

March 2014

Sekisui House SI Asset Management Ltd., Director and Vice
President (current position)

May 2018

Sekisui House Investment Advisors, Ltd.(Note), Director(scheduled)

Nobuyoshi SatoDisclaimer: This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version shall prevail.

3TitleDirector(full-time)

Name

Personal Experience
April 1991

Joined Daikyo Incorporated

January 1999

Joined Joint Corporation

April 1999

Transferred to Joint Land Co., Ltd. (currently Haseko Real EstateDevelopment Holdings Inc.), Marketing Department, Section
Manager

April 2003

Joint Land Co., Ltd., Operations Department, Operations
Planning Section, Manager

April 2004

Joint Land Co., Ltd., Operations Department, Deputy ManagerApril 2005

Joint Land Co., Ltd., Corporate Planning Office, Acting Manager

December 2005 Joint Land Co., Ltd., Corporate Planning Office, Manager
Koji Sakamoto

June 2006

Joint Land Co., Ltd., DirectorJanuary 2008

Joint Capital Partners Co., Ltd. (currently Sekisui House AssetManagement, Ltd.), President

June 2010

Sekisui House SI Investment Corporation (currently Sekisui
House Residential Investment Corporation), Executive Director

May 2012

Sekisui House SI Asset Management, Ltd. (currently Sekisui
House Asset Management, Ltd.), Senior Managing Director(current position)

March 2014

Sekisui House SI Investment Corporation, Executive Director

May 2018

Sekisui House Investment Advisors, Ltd.(Note), Director(scheduled)

CV of Auditor expected to be appointed
Title

Auditor(part-time)

Name

Personal Experience
April 1996

Joined Sekisui House, Ltd., General Affairs Department

August 2002

Sekisui House, Ltd., Legal Department

April 2010

Sekisui House, Ltd., Legal Department, Section Manager

March 2014

Sekisui House SI Asset Management, Ltd. (currently Sekisui
House Asset Management, Ltd.), Auditor (part-time) (currentposition)

April 2017

Sekisui House, Ltd., Legal Department, Senior Manager (currentposition)

May 2018

Sekisui House(scheduled)

Naoki Kawamura

Investment

Advisors,Ltd.(Note),

Auditor

Note: It is planned that, as of May 1, 2018, SHIA will change its corporate name to “Sekisui House Asset Management, Ltd.”

Disclaimer: This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version shall prevail.

4