Creating peace of mind through honest and committed management.

[Provisional Translation Only]
This English translation of the original Japanese document is provided solely for information purposes.
Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

March 5, 2014
REIT Issuer
Ichigo Real Estate Investment Corporation (8975)
1-1-1, Uchisaiwaicho, Chiyoda-ku, Tokyo
Representative: Yoshihiro Takatsuka, Executive Director
Asset Management Company
Ichigo Real Estate Investment Advisors Co., Ltd.
Representative: Wataru Orii, President & Representative Statutory Executive Officer
Inquiries: Minoru Ishihara, Executive Vice President & Statutory Executive Officer
Tel: 03-3502-4891

Ichigo REIT Portfolio Occupancy (Flash Data) – February 2014
Ichigo Real Estate Investment Corporation (“Ichigo REIT”) hereby announces its portfolio
occupancy as of the end of February 2014:
End of January
2014(Final: A)
95.0%

End of February2014(Flash: B)
95.3%

Office (O)

95.1%

95.1%

－Residence (R)

94.6%

96.7%

+2.1%

Other (Z)

94.9%

94.9%

－93.9%

94.3%

+0.4%

95.1%

94.9%

-0.2%

98.2%

98.2%

－94.9%

95.8%

+0.9%

72
520
175,965.36 m2
167,176.41 m2

72523
175,900 m2
167,700 m2－+3Total
By AssetTypeCentral TokyoTokyo
Metropolitan Area
By Area
Four Major
Regional Cities
Other RegionalCities
No. of Properties
No. of Tenants
Leasable Area
Leased Area

Difference
(B-A)
+0.3%

(Note 1) The above figures have not been audited.
(Note 2) Leasable Area is the total space of the individual properties that is available to be leased
and is subject to minor adjustments due to refurbishing or individual rental contract terms.
(Note 3) “Central Tokyo” refers to Chiyoda, Minato, Chuo, Shinjuku, Shibuya, and Shinagawa
Wards. “Tokyo Metropolitan Area” refers to Tokyo (excluding the six wards above),
Kanagawa, Chiba, and Saitama Prefectures. “Four Major Regional Cities” refers to Osaka,Nagoya, Fukuoka, and Sapporo.
(Note 4) Leasable Area and Leased Area for Flash Data are rounded down to the nearest hundred
square meters.

1Explanation of Changes
Occupancy rates for Residence and Central Tokyo increased due to new tenant leases at theIchigo Serviced Apartments Ginza. The occupancy rate for Other Regional Cities also improved
due to new tenant leases at the Akita Sanno 21 Building.

Leasing and Value Enhancement Activities
Tokyo, Kanagawa, Yokohama, Nagoya, Osaka, and other major Japanese cities are offering
incentives such as tax breaks and support measures in order to raise their attractiveness as places
to work and live for international companies and their staff.
In line with these city-led efforts, Ichigo Group Holdings, the sponsor of Ichigo REIT, has
expanded its Real Estate Services Group to offer leasing and other real estate services tointernational companies operating in Japan, including preparing contracts and other materials in
English and developing new offerings such as the Ichigo Ready-to-Go Office Suites.
Via these efforts, Ichigo REIT is striving to further improve its occupancy and improve tenantsatisfaction.

Sample international leasing flierSAMPLE

Website of Ichigo REIT: www.ichigo-reit.co.jp/english2