May 1, 2018
Real Estate Investment Trust Securities Issuer
Sekisui House Reit, Inc.
Representative:
Junichi Inoue, Executive Director(Securities Code: 3309)
Asset Management Company
Sekisui House Asset Management, Ltd.
Representative:
Junichi Inoue,
President & Representative Director
Inquiries:
Yoshiya Sasaki, Chief Manager
Investor Relations Department
TEL: +81-3-6447-4870 (main)

Notice Concerning Change in Specified Associated Corporation
Sekisui House Reit, Inc. (“SHR”) hereby announces that, as of today, there was change in a major related entity(specified associated corporation) ("Change") as set out below.
1. Events Leading up to the Change
SHR succeeded the trust beneficiary interests owned by Sekisui House Residential Investment Corporation(“SHI”) due to an absorption-type merger, effective as of today, whereby SHR is the surviving corporation and SHI is
the dissolved corporation.
As a result, the average total expected amount per fiscal period in three years from the first day of the fiscal
period ending October 31, 2018 (May 1, 2018 to October 31, 2018) paid by Sekiwa Real Estate, Ltd. (“Sekiwa RealEstate” or “the Company”) for leasing transactions of real estate and trust asset real estate to SHR and as trusteeof the trust related to beneficiary interests of SHR’s specified assets is equivalent to 20% or more of the total
operating revenue of the fiscal period ended April 30,2018 (November 1, 2017, to April 30, 2018), and Sekiwa
Real Estate thus falls under the specified associated corporation (corporation engaged in transactions set forth in
Article 29-3, Paragraph 3, Item 3 of the Order for Enforcement of the Financial Instruments and Exchange Act(Act No. 321 of 1965, as amended).
2. Date of ChangeMay 1, 2018
3. Overview of the Specified Associated Corporation subject to Change
Trade nameHead office address
Representative
officer/name

Business activities

Sekiwa Real Estate, Ltd.
2-1-1 Yoyogi, Shibuya-ku, Tokyo
Kotaro Asano, President
1.
2.
3.
4.
5.
6.

Brokerage and agent of real estate transaction, exchange and leasing
Transaction, exchange, leasing, management and appraisal of real estate
Survey, planning, design, supervision and consulting services on real estate use, etc.
Design, construction, contracting and supervision of general civil construction andlandscaping
Type II financial instruments business
Non-life insurance agent business and life insurance sales business

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.

7. 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.
1,758 million yen (As of January 31, 2018)
March 1, 1976
55,671 million yen (As of January 31, 2018)
86,110 million yen (As of January 31, 2018)

CapitalEstablishedNet assets
Gross assets
Major Shareholderand Shareholding
Sekisui House, Ltd. / 100% (As of January 31, 2018)
Ratio
Relationship between SHR/Asset Management Company and the Company
The Company is a wholly owned subsidiary of Sekisui House, Ltd., which holds 100% of theissued shares of Sekisui House Asset Management, Ltd. (“SHAM”), and constitutes anCapital relationship interested party under the Act on Investment Trusts and Investment Corporations (Act No.
198 of 1951, including subsequent amendments, the “Investment Trust Act”). and is aninterested party under the self-regulation for measures against conflicts of interest of SHR.
Personal
Presently, the Company dispatches 1 officer to the Asset Management Company.
relationship
Based on an agreement concerning preferential negotiation rights, etc., particularly in regard
to residential properties, the Company undertakes to provide support for acquisition ofproperties for external growth by granting preferential negotiation rights for sale of domestic
Businessreal estate held or developed by Sekiwa Real Estate. Also, in regard to a part of the held
relationshipassets, it has entered into a master lease and is a master lessee. In addition, for a part of theheld assets it has entered into a property management business entrustment agreement and isthe property manager.
Status as a related
The Company is a subsidiary of Sekisui House Ltd., which is the parent company of the Asset
partyManagement Company and is the business relationship between SHR and the Company..
(Note) The figures of “Capital”, “Net assets” and “Gross assets” are rounded down to the nearest million yen.
4. Future Outlook
This matter will have no impact on the operating results for the fiscal period ending October 31 2018 (May 1,2018 to October 31, 2018) and the fiscal period ending April 30,2019 (November 1, 2018 to April 30, 2019).
Regarding above Change, procedures required by the Financial Instruments and Exchange Act, the Building
Lots and Buildings Transaction Business Act, and other applicable laws and regulations will be taken.

* Sekisui House Reit, Inc. website: http://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.