March 30, 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)
Real Estate Investment Trust Securities Issuer
Sekisui House Residential Investment Corporation
Representative:
Osamu Minami, Executive Director(Securities Code: 8973)
Asset Management Company
Sekisui House Asset Management, Ltd.
Representative:
Osamu Minami,President & Representative Director
Inquiries:
Yoshiya Sasaki, General Manager
IR & Financial Affairs Department
TEL: +81-3-5770-8973 (main)
Notice Concerning Change of Agreements Concerning Preferential Negotiation Rights, Etc.
with Sekiwa Real Estate Companies (7 Companies)
Sekisui House Residential Investment Corporation (“SHI”) and Sekisui House Asset Management, Ltd. (“SHAM”), towhich SHI entrusts its asset management, hereby announce that, in line with the scheduled merger of SHI and Sekisui
House Reit, Inc. (“SHR,” and collectively with SHI, the “Two Investment Corporations”) effective of May 1, 2018, wehave decided today to change each of the agreements concerning preferential negotiation rights, etc. concluded
respectively with Sekiwa Real Estate companies (7 companies) (Note), which are members of the Sekisui House Group (Note),(collectively the “Original Agreements”), for the purpose of establishing with the companies a pipeline concerning
provision of property information, etc. centering on residential properties. Details are as follows.
(Note) “Sekisui House Group” represents a group of companies comprised of Sekisui House, Ltd. (“Sekisui House”) and its
consolidated subsidiaries and affiliates accounted for by the equity method. “Sekiwa Real Estate companies (7 companies)” isa collective name for the seven companies of Sekiwa Real Estate, Ltd., Sekiwa Real Estate Kanto, Ltd., Sekiwa Real EstateTohoku, Ltd., Sekiwa Real Estate Chubu, Ltd., Sekiwa Real Estate Kansai, Ltd., Sekiwa Real Estate Chugoku, Ltd. andSekiwa Real Estate Kyushu, Ltd. (“Sekiwa Real Estate,” “Sekiwa Real Estate Kanto,” “Sekiwa Real Estate Tohoku,” “SekiwaReal Estate Chubu,” “Sekiwa Real Estate Kansai,” “Sekiwa Real Estate Chugoku” and “Sekiwa Real Estate Kyushu”,
respectively), which are wholly-owned subsidiaries of Sekisui House, and the core companies of the real estate division of theSekisui House Group that is expanding its nationwide presence in Japan. The same follows hereafter.

1. Background and Details of the Change
As stated in “Notice Concerning Conclusion of a Merger Agreement between Sekisui House Reit, Inc. and Sekisui
House Residential Investment Corporation,” which the Two Investment Corporations released on January 24, 2018, theTwo Investment Corporations are scheduled to execute a merger, with May 1, 2018 as the effective date, whereby it isplanned that SHR will be the surviving corporation and SHI will be the dissolving corporation in an absorption-typemerger (the “Investment Corporation Merger”).
Furthermore, as stated in “Notice Concerning Conclusion of a Merger Agreement between Sekisui House Investment
Advisors, Ltd. and Sekisui House Asset Management, Ltd., Which Are the Asset Management Companies,” which theTwo Investment Corporations released on January 24, 2018, in order to provide for the effective management of theassets held by SHR, the surviving corporation, subsequent to the Investment Corporation Merger, an absorption-typemerger is scheduled to be executed whereby Sekisui House Investment Advisors, Ltd. (“SHIA”), to which SHR entrusts
its asset management, will be the surviving company and SHAM will be the dissolving company in the merger, subject
to the Investment Corporation Merger becoming effective.
This translation is for informational purpose only. If there is any discrepancy between the Japanese version and the English translation,
the Japanese version shall prevail.
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In conjunction with this, in order to confirm with the Sekiwa Real Estate companies (7 companies) that, as of theeffective date of the Investment Corporation Merger, the status of SHI in the Original Agreements will be succeeded bySHR, the surviving corporation, and that of SHAM by SHIA (the trade name is scheduled to be changed to “Sekisui
House Asset Management, Ltd.” on the same day), the surviving company, SHI and SHAM will conclude agreements tochange the agreements concerning preferential negotiation rights, etc. today.
2. Overview of the Agreements Concerning Preferential Negotiation Rights, Etc., after the Investment CorporationMerger(1) Contracting parties
Sekiwa Real Estate or Sekiwa Real Estate Kanto, SHR and SHIA (agreements concluded separately with eachcompany).
(2) Main content of the agreementsi) Preferential negotiation rights for owned properties, etc.
Of real estate that are primarily for residential use owned or developed by Sekiwa Real Estate or Sekiwa Real Estate
Kanto (including leasehold rights and superficies over lands; the same shall apply hereinafter) and beneficiaryinterests in trust that have real estate as the principal trust assets (together with real estate, referred to as “real estate,etc.” and real estate, etc. shall include real estate, etc. under development/construction; the same shall applyhereinafter), in the event of sale of real estate, etc. that Sekiwa Real Estate or Sekiwa Real Estate Kanto deems tomeet SHR’s investment criteria, except in the case of real estate, etc. that is co-owned or jointly ordered with thirdparties for which it is difficult to obtain the consent of the concerned third parties and certain other cases, Sekiwa RealEstate or Sekiwa Real Estate Kanto shall provide information related to the concerned sale to SHIA prior to provision
to other parties. In addition, in the event that SHIA makes an offer of purchase on behalf of SHR, Sekiwa Real Estate
or Sekiwa Real Estate Kanto shall discuss transaction terms and conditions in good faith with SHIA and shall not holdnegotiations concerning sale of the concerned real estate, etc. with third parties for a period of 20 business days fromthe concerned information provision date (excluding the concerned information provision date).
ii) Provision of information concerning properties owned by third parties, etc.
In the event that information to the effect that third parties owning or scheduled to develop/own real estate, etc. thatare primarily for residential use on the sale of the concerned real estate, etc. is obtained by Sekiwa Real Estate orSekiwa Real Estate Kanto from the concerned third parties or relevant parties, etc. and Sekiwa Real Estate or Sekiwa
Real Estate Kanto deems that the concerned real estate, etc. meets SHR’s investment criteria, except in the case where
the buyer is designated or the scope of such is limited and certain other cases, Sekiwa Real Estate or Sekiwa RealEstate Kanto shall strive to provide the concerned sale related information to SHIA prior to provision to other parties.
iii) Expenses
There will be no transaction of compensation for the provision of information concerning properties based on i) andii) above. However, the brokerage fees in the event that SHR acquires real estate, etc. through the provision ofinformation from Sekiwa Real Estate or Sekiwa Real Estate Kanto based on ii) shall be determined upon consultation
between contracting parties in accordance with normal business practices.
3. Overview of the Agreements Concerning Preferential Negotiation Rights after the Investment Corporation Merger(1) Contracting parties
Sekiwa Real Estate Tohoku, Sekiwa Real Estate Chubu, Sekiwa Real Estate Kansai, Sekiwa Real Estate Chugoku orSekiwa Real Estate Kyushu (hereinafter, respectively or collectively referred to as the “Sekiwa Real Estate
Tohoku/Chubu/Kansai/Chugoku/ Kyushu”), SHR and SHIA (agreements concluded separately with each company).
(2) Main content of the agreementsi) Preferential negotiation rights for owned properties, etc.
Of real estate, etc. that are primarily for residential use owned or developed by Sekiwa Real Estate
Tohoku/Chubu/Kansai/Chugoku/Kyushu, in the event of sale of real estate, etc. that Sekiwa Real Estate
Tohoku/Chubu/Kansai/Chugoku/Kyushu deems to meet SHR’s investment criteria, except in the case of real estate,etc. that is co-owned or jointly ordered with third parties for which it is difficult to obtain the consent of the concerned
third parties and certain other cases, Sekiwa Real Estate Tohoku/Chubu/Kansai/Chugoku/Kyushu shall provide
information related to the concerned sale to SHIA prior to provision to other parties. In addition, in the event that
SHIA makes an offer of purchase on behalf of SHR, Sekiwa Real Estate Tohoku/Chubu/Kansai/Chugoku/Kyushu
This translation is for informational purpose only. If there is any discrepancy between the Japanese version and the English translation,
the Japanese version shall prevail.
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shall discuss transaction terms and conditions in good faith with SHIA and shall not conduct negotiations concerning
sale of the concerned real estate, etc. with third parties for a period of 20 business days from the concerned
information provision date (excluding the concerning information provision date).
ii) Expenses
There will be no transaction of compensation for the provision of information concerning properties based on i)above.
4. Overview of Consignees<Sekiwa Real Estate>
Trade nameHead office address
Representative
CapitalEstablished
Shareholder

Business activities<Sekiwa Real Estate Kanto>
Trade nameHead office address
Representative
CapitalEstablished
Shareholder

Business activities

Sekiwa Real Estate, Ltd.
2-1-1 Yoyogi, Shibuya-ku, Tokyo
Kotaro Asano, President
1,758 million yen
March 1976
Sekisui House, Ltd.
1. Brokerage and agency of sale and purchase, exchange and leasing of realestate2. Sale and purchase, exchange, leasing, management and appraisal of realestate3. Survey, planning, design, supervision and consulting services on real estateuse, etc.
4. Design, construction, contracting and supervision of general civil
construction and landscaping
5. Type II financial instruments business6. Non-life insurance agent business and life insurance sales business7. Security business, cleaning contracting business and industrial waste
disposal business8. Development, sale and leasing of computer software and information
processing systems
9. Any and all business incidental to each of the above

Sekiwa Real Estate Kanto, Ltd.
2-1-1 Yoyogi, Shibuya-ku, Tokyo
Akihisa Terasaki, President
480 million yen
April 2013
Sekisui House, Ltd.
1. Brokerage and agency of sale and purchase, exchange and leasing of realestate2. Sale and purchase, exchange, leasing, management and appraisal of realestate3. Survey, planning, design, supervision and consulting services on real estate
use etc.
4. Design, construction, contracting and supervision of general civil
construction and landscaping
5. Non-life insurance agent business and life insurance sales business6. Development and sale and leasing of computer software and information
processing systems
7. Any and all businesses incidental to each of the above

This translation is for informational purpose only. If there is any discrepancy between the Japanese version and the English translation,
the Japanese version shall prevail.
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＜Sekiwa Real Estate Tohoku＞
Trade nameHead office address
Representative
CapitalEstablished
Shareholder

Business activities<Sekiwa Real Estate Chubu>
Trade nameHead office address
Representative
CapitalEstablishedShareholder

Business activities<Sekiwa Real Estate Kansai>
Trade nameHead office address
Representative
CapitalEstablished
Shareholder

Business activities

Sekiwa Real Estate Tohoku, Ltd.
2-16-10 Honcho, Aoba-ku, Sendai-shi, Miyagi
Yoshitada Nakajima, President
200 million yen
August 1983
Sekisui House, Ltd.
1. Brokerage, intermediary and agency of sale and purchase and leasing of realestate
2. Sale and purchase and leasing of real estate
3. Management and appraisal of real estate
4. Design, construction, contracting and supervision of general civil
construction and landscaping
5. Non-life insurance agent business and life insurance sales business
6. Any and all businesses incidental to each of the above

Sekiwa Real Estate Chubu, Ltd.
4-24-16 Meieki, Nakamura-ku, Nagoya-shi, Aichi
Yasuaki Yamamoto, President
1,368 million yen
February 1981
Sekisui House, Ltd.
1. Brokerage, intermediary and agency of sale and purchase and leasing of realestate
2. Sale and purchase and leasing of real estate
3. Management and appraisal of real estate
4. Design, construction, contracting and supervision of general civil
construction and landscaping
5. Non-life insurance agent business and life insurance sales business6. Information processing service business and production and sales ofpublication
7. Leasing of movables and commercial buildings
8. Any and all businesses incidental to each of the above

Sekiwa Real Estate Kansai, Ltd.
1-1-30 Oyodonaka, Kita-ku, Osaka-shi, Osaka
Saburo Matsuyoshi, President
5,829 million yen
February 1977
Sekisui House, Ltd.
1. Brokerage and agency of sale and purchase and leasing of real estate
2. Sale and purchase, leasing and management of real estate
3. Design, construction, contracting and supervision of general civil
construction, landscaping, painting, roofing, interior finishing andscaffolding and civil engineering
4. Type II financial instruments business5. Non-life agent business and life insurance sales business
6. Any and all businesses incidental to each of the above

This translation is for informational purpose only. If there is any discrepancy between the Japanese version and the English translation,
the Japanese version shall prevail.
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<Sekiwa Real Estate Chugoku>
Trade nameHead office address
Representative
CapitalEstablished
Shareholder

Business activities<Sekiwa Real Estate Kyushu>
Trade nameHead office address
Representative
CapitalEstablished
Shareholder

Business activities

Sekiwa Real Estate Chugoku, Ltd.
1-25 Komachi, Naka-ku, Hiroshima-shi, Hiroshima
Shuji Tonbe, President
379 million yen
August 1982
Sekisui House, Ltd.
1. Brokerage and agency of sale and purchase and leasing of real estate
2. Sale and purchase, leasing and management of real estate
3. Design, construction, contracting and supervision of general civil
construction and landscaping
4. Non-life insurance agent business and life insurance sales business5. Information processing service business and production and sales ofpublication.
6. Loan guarantee business and leasing of movables
7. Any and all businesses incidental to each of the above

Sekiwa Real Estate Kyushu, Ltd.
3-2-1 Hakataekimae, Hakata-ku, Fukuoka-shi, Fukuoka
Mikio Hiromatsu, President
263 million yen
August 1980
Sekisui House, Ltd.
1. Brokerage, intermediary and agency of sale and purchase and leasing of realestate
2. Sale and purchase and leasing of real estate
3. Management and appraisal of real estate
4. Design, construction, contracting and supervision of general civil
construction and landscaping
5. Non-life insurance agent business and life insurance sales business
6. Any and all businesses incidental to each of the above*Addresses of the websites of the Two Investment Corporations
Sekisui House Reit, Inc.:
Sekisui House Residential Investment Corporation:

http://www.sekisuihouse-reit.co.jp/en/
http://www.shi-reit.co.jp/eng/

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