February 6, 2008
To All Concerned Parties
Issuer of Real Estate Investment Trust Securities
1-1, Nihonbashi-Muromachi 2-Chome, Chuo-Ku,
Tokyo 103-0022
Nippon Accommodations Fund Inc.
Representative Executive Director Nobuyuki Nakai(Code Number 3226)
Investment Trust Management Company
Mitsui Fudosan Accommodations Fund Management Co., Ltd.
Representative President and CEO Nobuyuki Nakai
Contact CFO and Director Morio Shibata(TEL. 03-3246-3677)

Notification Concerning Acquisition of Assets
This is a notification that Nippon Accommodations Fund Inc. (“NAF”) decided on theacquisition of an asset as shown below.
1. Overview of acquisition(a) Name of property

Park Cube Yoyogi Tomigaya(b) Type of property

Real estate(c) Acquisition price (Note 1)¥1,975,000,000(d) Date of conclusion of sales contract January 25, 2008(e) Date of handoverMarch 11, 2008 (planned)(f) Seller

OHBA CO., LTD.

(g) Acquisition funds

Own funds or loans(h) Method of payment

Full payment at the time of delivery

Note 1: “Acquisition Price” denotes the sales price (exclusive of miscellaneous expenses for acquisition, fixed
property taxes, urban planning taxes, consumption taxes, and local consumption taxes) specified in the realestate sales contract for the property to be acquired.

2. Reason for acquisition
Based on the provisions for investments and policies on asset management set forth in
the by-laws, the decision to acquire this property was made to ensure the steady growth of
the whole portfolio, and for the diversification and improvement of the investment portfolio inTokyo’s 23 wards.
3. Description of the property to be acquired(1) Outline of the property to be acquired
Name of property
Park Cube Yoyogi Tomigaya
Type of property
Real estate
Acquisition price (Note 1)¥1,975 million
Appraisal company
Daiwa Real Estate Appraisal Corporation

Appraised value (Note 2)
Date of value appraisal (Note 2)
Location Residence Indication
Land
Building-to-landratio
Floor-area ratio
ZoningSite area (Note 3)
Ownership form
Buildings Completion date (Note4)
Structure / Number ofstories (Note 5)
Uses (Note 5)
Gross floor area
(Note 5)
Ownership form
Rentable units
Rentable area
Existence of security interests
Special affairs (Note 6)

Special features of the property

Details oftenants(Note 7)

¥1,980 million
December 31, 2007
14-13, Tomigaya 2-chome, Shibuya-ku, Tokyo
80% 60%300% 200%
Neighborhood commercial zone; Category 2 District
Exclusively for Low Rise Residential Buildings
784.56m2
Proprietorship
July 31, 2007
Flat-roofed reinforced concrete structure / 9 stories
Apartment building
2,440.54m2
Proprietorship
38
1,929.10m2
None
None
This property is in a very good location in terms ofaccessibility to the nearest station. It is in a quiet residentialarea, 9 minutes walk from Yoyogi Koen Station (Tokyo
Metro Chiyoda Line) and Yoyogi Hachiman Station (Odakyu
Line), 13 minutes walk from Yoyogi Uehara Station(Odakyu Line), and 14 minutes from Shinsen Station(Inokashira Line).
The property is located in a central urban area, close to
several major business districts, including Shibuya,
Shinjuku, and Aoyama. It is also close to the Komaba
campus of Tokyo University and in close proximity to open
spaces, such as Yoyogi Park and Komaba Park. Therefore,
the area has the twin advantages of transport convenienceand excellent livability. We expect rental demand across a
broad spectrum, from singles to families.

Total number of tenants
Rentable units
Rented units
2
Rentable area (m )2Rented area (m )138
26
1,929.10
1,358.37(Note 1) “Acquisition price” denotes the sales price (exclusive of miscellaneous expenses for acquisition,
fixed property taxes, urban planning taxes, consumption taxes, and local consumption taxes)
specified in the real estate sales contract for the property to be acquired.
(Note 2) “Appraised value” and “Date of value appraisal” are stated based on the amount noted in the realestate appraisal reports, which Daiwa Real Estate Appraisal Corporation prepared for the property
to be acquired.
(Note 3) “Site area” of the Land item denotes the land area as entered in the register.
(Note 4) “Completion date” of the Buildings item denotes the date as entered in the register.
(Note 5) “Structure / Number of stories”, “Uses,” and “Gross floor area” are stated based on information in theregister.
(Note 6) “Special affairs” denotes matters which NAF recognizes as important as of today, taking into
consideration their effects on title-related matters, use, appraised value, profitability, etc. of theproperty to be acquired.
(Note 7) Description of the “Details of tenants” column:

(i) “Total number of tenants” is denoted as “1” where a master lease contract (blanket lease
contract) has been concluded with a master lease company. As to the property to beacquired, NAF has concluded a master lease contract with Mitsui Fudosan Housing
Lease Co., Ltd. as the master lease company. The above “Total number of tenants” means thetotal number of tenants after conclusion of the said master lease contract.
(ii) “Rentable units” denotes the number of rentable units in the property to be acquired.
(iii) Figures for “Rented units” and “Rented area” are based on information provided by the seller,
valid as of January 10, 2008.
(iv) “Rentable area” shows the total rentable area of the buildings of the property to be acquired.

(2) Outline of investigations into the state of the building
Investigation into state ofbuilding

Diagnosis of earthquake risks

Investigating company
Urgent repair cost
Short-term repair cost
Estimated repair and renewal
costs for the next 12 years
Replacement value
Date of report on Investigationof building conditions
PML (Note 1)

Takenaka Corporation——¥29,430,000¥540,200,000
January 11, 2007
7.4%

（Note 1): The aforementioned PML value is based on a report on earthquake risk diagnosis made by
Sumitomo Mitsui Construction Co., Ltd. However, the report on earthquake risk diagnosis only states theviews of the commissioned investigation company and does not provide any guarantee for its contents. PML(Probable Maximum Loss) represents the rate of expected maximum loss to be caused by earthquakes. In
this case, it means the extent of damage to be caused by one of the biggest earthquakes anticipated tohappen within the expected duration of service (the biggest earthquake which happens once every 475 years= 10% chance of a big earthquake happening once every 50 years) represented by the rate (%) of theestimated cost of restoration from the damage to the replacement cost.

4. Outline of seller
Trade name
OHBA CO., LTD.
Head office address
4-12-101, Aobadai 4-chome, Meguro-ku, Tokyo
Representative
Akinori Ohba, President and Chief Executive Officer
Capital¥2,131,733,000
Major shareholders
Ohba Business Partner Ownership Account（as of May 31, 2007） Mizuho Bank, Ltd.
The Chuo Mitsui Trust and Banking Co., Ltd.
Mitsui Fudosan Co., Ltd.
EM Research Organization
Shigenori Ohba
Akinori Ohba
Ohba Employee Ownership AccountNippon Life Insurance Company
The Dai-Ichi Mutual Life Insurance Company

Description ofprincipal operations

Relationship with NAF
or investment trust
managementcompany(1) Planning, investigation, design, and management concerning
regional and urban development(2) Planning, investigation, design, and management concerning
urban planning, rural planning, comprehensive urban transportation
planning, disaster prevention planning, and construction planning(3) Planning, investigation, and research concerning environmental
assessments, environmental facility planning, and environmental
protection planning(4) Environmental improvement (include water purification and soil
remediation) using micro-organisms(5) Land readjustment business, land development design(6) Design and project management concerning roads, bridges,
waterways, water supply and sewage facilities, parks, waste
treatment facilities, buildings, and disaster prevention facilities(7) Surveying and measurement, including aerial photographsurveying, ground surveying, and digital terrain surveying(8) Compensation investigation and calculation concerning landbuilding, business, and other losses(9) Investigation and analysis concerning soil and ground quality(10) System development, database creation, mapping, and othergeographical information services using computers(11) Business planning and operation concerning asset
management, private sector fund utilization, etc.
(12) Real estate management, rental, trading, and brokerage(13) Planning, design, construction, and subcontracting concerning
construction and civil engineering projects(14) Labor dispatch services(15) Operations incidental or relevant to each of the above items
None (Note 1)

Note 1: Major shareholders include Mitsui Fudosan Co., Ltd., which holds 100% of outstanding shares in asset
management company Mitsui Fudosan Accommodation Fund Management (hereafter "Asset Management
Company"). Because the holding in OHBA as a percentage of total shares outstanding is only 3.197% (andthus less than that prescribed under the Asset Management Company's rules), however, OHBA is not regarded
as a "related party" (or "sponsoring party").

5. Transactions with related parties and the like(1) Outline of transactions(a) NAF has signed a brokerage agreement with Mitsui Fudosan concerning the acquisition of realestate to be acquired. (See "8. Outline of brokerage" for more details.)(b) For the property to be acquired, NAF's plan is to make Mitsui Fudosan Housing Lease Co., Ltd.
the master lease company and property management company.
(2) NAF's own rules concerning related parties and the like
Mitsui Fudosan Co., Ltd. corresponds to a related party (see Note). Thus, in accordance with
NAF’s own rules for asset management concerning transactions with related parties and the like,the brokerage contract has been concluded following deliberation and resolution by theCompliance Committee and the Investment Committee of the investment management company.
Mitsui Fudosan Housing Lease Co., Ltd. also constitutes a related party (see Note). Thus inaccordance with NAF’s own rules for asset management concerning transactions with relatedparties and the like, the plan is to first have the master lease and property management contracts
pass through deliberation and resolution by the Compliance Committee and the Investment
Committee of the investment management company before the property acquisition is completed,then to conclude the contracts.
Note: "Related parties and the like" means related parties and the like of an investment trust
management company who have concluded an asset management contract with NAF as provided forin the Investment Trust and Investment Corporation Act.

6. Situation of the acquirer of the property
Not applicable.
7. Earthquake resistance matters
NAF commissioned Sumitomo Mitsui Construction Co., Ltd., an expert on building structure
calculations, to inspect and verify the details of the buildings of the property to be acquired. NAF
thus confirmed that no illegal manipulation, such as intentional falsification, was found in the
structure calculation statements, and that the structure calculations were appropriately carried out
in compliance with the relevant laws. Based on the said confirmation, NAF has judged that theaseismic capacity required by the Building Standard Law has been ensured.
NAF also commissioned Mitsui Fudosan Co., Ltd., an expert on building structure calculations,
to closely inspect and verify the details of earthquake-resistant structures, including structure
calculation statements (specifically, to verify the structure calculations, load calculations, stresscalculations, computation on framework members, and the second-order design, and then tovalidate the adequacy of the design). As a result, it has been confirmed by Mitsui Fudosan that
there are no suspicions concerning the falsification of structure calculation and construction
drawings by which aseismic capacity required in accordance the Building Standards Act isensured for the building of the property to be acquired. Based on the said confirmation, NAF has
judged that the aseismic capacity required by the Building Standard Law has been ensured, andthus plans to accept handover of the property.
As of December 25, 2007, the building owners, the main contractors, and the designers of theproperty to be acquired are as follows. None of these parties has been publicly named by the
Ministry of Land, Infrastructure and Transport as a party who took part in any property structure
calculation statement falsifications.
In addition, NAF always examines earthquake risks during the course of due diligence uponacquisition of properties, from perspectives that are different to building certification investigations
performed by an inspection and certification agency. NAF makes a decision on acquisition after
performing appropriate analysis of earthquake risks of the property to be acquired, independently
considering the structural earthquake-resistance of the building to be acquired, based on drawing
reviews using structure drawings, structural design outlines, etc.

Companies engaged in design of the property to be acquired
Building ownerContractor
Building design
Structure design
company
company
OHBA CO.,Shimizu
Shimizu
Shimizu
LTD.
Corporation
Corporation
Corporation

Building certifier
Urban Housing
Evaluation Center(UHEC)

Profiles of third party investigative body (investigations of the state of the buildings,
reinvestigation of earthquake risk assessments and structure calculation statements)
Trade nameTakenaka Corporation
Head office address
1-13, Honmachi 4-chome, Chuo-ku, Osaka
Representative
Toichi Takenaka, President and Chief Executive Officer
Capital¥50 billion(1) Contracting, design, and supervision for construction and civilengineering works(2) Engineering and management, such as investigation, research,
surveying, planning, valuation, assessment, etc. for construction
works, regional development, urban development, ocean
development, space development, energy supply, environmental
improvement, etc.
(3) Land civil works and construction of homes(4) Sale, lease, brokerage, maintenance, management, andappraisal of real estate, along with management of real estate
investments(5) Horticulture business such as landscaping, gardening, andforestation, and related maintenance and management.
(6) Manufacturing of construction machinery and tools, steel
construction materials, concrete construction products, building air
conditioning equipment, wood construction products, and furniture.
Import, export, sale, lease, repair, maintenance, and management ofconstruction machinery and tools, construction materials, coolingequipment for building air conditioning, and furniture; related
Description ofresearch and development and inspection contracting
principal operations(7) Security and janitorial services(8) Collection, transport, disposal, and recycling of waste,environmental pollution surveys, removal of environmental pollutant
matter, supply, and sale of energy, such as electricity and heat
(9) Planning, construction, maintenance, and operation of public
facilities such as government office buildings, education facilities,
medical care and welfare facilities, waste disposal facilities, roads,
railways, harbors, airports, parks, water supply and sewage systems,
and related facilities(10) Management of accommodation facilities, rest homes, sports
facilities, leisure facilities, cultural facilities, rental meeting halls,
restaurants, and parking lots(11) Acquisition, development, licensing, and sales of industrial
property rights, copyrights, know-how, computer software, etc.
(12) Planning, production, and sale of advertisements, publishing,printing and images, and information media related to advertising,publicity, and communications; collection, processing andprovision of a variety of information(13) Telecommunications and broadcasting business based on the
Telecommunications Business Law

(14) Sale, lease, maintenance, and management of computers,
communications equipment, office equipment, and peripheral
equipment(15) Sales, mail order, and brokerage of vehicles, artwork, photo
equipment, and daily sundries(16) Non-life insurance agency business, insurance agency businessbased on the Automobile Liability Security Law, operations related tooffering of life insurance, travel business and travel agency businessbased on the Travel Agency Law, and manpower dispatchingbusiness based on the Manpower Dispatching Business Law(17) Comprehensive leasing business(18) Sale of medical care equipment and tools(19) Consulting work related to each of the above items(20) Operations incidental or relevant to each of the above items
Relationship with NAF
or investment trust
management company

Trade nameHead office address
Representative
CapitalDescription ofprincipal operations

None

Sumitomo Mitsui Construction Co., Ltd.
5-25, Nishi-Shinjuku 7-chome, Shinjuku-ku, Tokyo
Hisaya Igarashi, Representative Director and President¥16,859,138,000(1) Contracting and design supervision for civil works, construction,
prestressed concrete, electrical and piping work, and otherconstruction(2) Design supervision for ocean development, regional
development, urban development, resource development, andenvironmental improvement(3) For each of the above items, contracting to perform engineeringand consulting work such as surveys, planning, and proposals(4) Real estate acquisition, management, use, disposal, and leasing(5) Real estate sales, brokerage, and appraisal(6) Manufacturing, supply, sales, and rental of civil works andconstruction materials, prestressed concrete products, seismic
isolation equipment, seismic control equipment, machinery,equipment, etc.
(7) Maintenance, repair, and security for civil works and buildings(8) Operations concerning landscaping and gardening(9) Development, acquisition, license, and sales of industrial property
rights, copyrights, and computer software(10) Information processing services business and information
provision business(11) Development, sales, leasing, and maintenance of electronic
office equipment such as computers(12) General leasing business(13) Administration, management, operation, and leasing of elderly
residential facilities, training, medical care, sports facilities, leisurefacilities such as ski resorts and amusement parks, lodging facilities,
and restaurants(14) Worker dispatch operations(15) Non-life insurance agency business(16) Money lending and other financial business(17) Operations concerning pollution prevention

(18) Collection, transport, processing, and recycling of industrial
waste(19) Surveys and evaluation of soil and groundwater pollution.
Design, construction, and supervision for its rehabilitation andpurification(20) Operations incidental or relevant to each of the above items
Relationship with NAF
or investment trust
management company

None

8. Outline of brokerage
Company name
Headquarters
Representative
Commission received
Relationship with NAF or
investment trust managementcompany

Mitsui Fudosan Co., Ltd.
1-1, Nihonbashi-Muromachi, Chuo-ku, Tokyo
Hiromichi Iwasa, President and Chief Executive Officer¥34 million(excludes consumption tax and local consumption tax)
Mitsui Fudosan is considered a related party because it holds
100% of outstanding shares in Mitsui Fudosan
Accommodation Fund Management (investment trust
management company). For more details, refer to "5.
Transactions with related parties."

9. Outlook for management of property after acquisition
The acquisition of the property in question will not affect the operational status of NAF in the fiscal
year ending February 2008.

* This English language notice is a translation of the Japanese language notice dated
January 25, 2008 and was prepared solely for the convenience of, and reference by,overseas investors. NAF makes no warranties as to its accuracy or completeness.

[Attached documents]
1. Summary of the appraisal report on the price of the property to be acquired
2. Portfolio list after the acquisition of the property is completed (on a (planned) acquisition pricebasis)
3. Photographs of exterior and entrance of property to be acquired
4. Map to locate the property to be acquiredSummary of the appraisal report on the price of the property to be acquired(Thousands of yen)Appraised value (specified value)

Operatingrevenues

1,980,000

Assessment item(a) Unit rental revenues,
including commons area
fees

Details
110,101(b) Utilities revenues(c) Parking lot revenues

0
8,160

(d) Other revenues

3,171
2,015

Revenues from key
money, etc.
Renewal fees
Other revenues(1): (a)+(b)+(c)+(d)(e) Total loss from vacancies
etc.
(f) Loss on bad debts(2) Operating revenues [(1)-(e)-(f)](g) Maintenance expense
Operatingexpenses

1,061
96
121,433
7,137

0
114,2964,114(h) Utilities expense

2,101(i) Repair expense

1,272(j) Property management fees

3,893(k) Tenant soliciting fee, etc.

2,831(l) Taxes and public dues

4,696(m) Property insurance fee(n) Other expenses

307
1,289

Basis for assessment
Assessed stable rents etc. which can be received
over the mid and long term, based on levels of rents
and commons area fees of the assessed real estate,
and when assuming they are newly rented.
There are no utilities charges collected from renters.
Assessed stable usage fees which can be received
over the mid and long term, based on levels of usage
fees etc. when assuming that they are newly rented.
Assessed other revenues, based on mid and longterm stable rent revenues which can be received fromeach tenant when new contracts are signed, andconsidering the estimated number of months of key
money and annual tenant turnover ratio.

Assessed mid and long term operating levels,
considering characteristics of the assessed property
and vacancies of comparable real estate nearby.
Not totaled, due to consideration of collateral such as
security deposits.
Assessed by referring to the current contract value,considering comparable rental apartment building
maintenance expenses, particular characteristics ofthe assessed real estate, etc.
Assessed by referring to current expenses,
considering comparable rental apartment building
utilities expenses, particular characteristics of theassessed real estate, etc.
Assessed considering expenses to return units tooriginal condition accompanying tenant turnover,
repair expenses stated in the engineering report, etc.
Assessed by referring to actual results of comparable
real estate.
Assessed at 1.3 months of the unit rental revenue
from above as fees, considering annual tenant
turnover ratio, operating rate, current contract terms
and lease terms of comparable real estate nearby,
etc. The fees include fees to find and contract withnew tenants and administrative fees for renewals oftenants.
Assessed based on the 2007 business year tax
register. For a mid to long term perspective, adopts
the estimated tax amount of 11th year after
construction of the building, considering adjustments
over future years based on this tax register data.
Assessed based on amount stated in contract.
Assessed based on amount stated in contract.

(3) Operating expenses[(g)+(h)+(i)+(j)+(k)+(l)+(m)+(n)](4) Net operating income [(2) – (3)](o) Earnings from temporary
deposit(p) Capital expenditures(5) Net income [(4)+(o)-(p)](6) Cap rate

Value of earnings calculated by the direct
capitalization method[(5)÷(6)]Value calculated by discounted cash flow
methodDiscount rate

Terminal cap rate

Cost method value
Total value of land and building
Land value
Building value
Adjustment

20,503
93,793331

1,717
92,407
4.6％

Assumed security deposits held multiplied by anassumed 2.0% investment yield. This yield is from a
medium to long term perspective, based on data
independently obtained by the real estate appraiser.
Assessed based on building age, average annual
renewal expenses stated in engineering report, etc.
Decided on a cap rate for apartment buildings locatedin the lowest risk districts, after comprehensively
considering yields of transactions in comparable
apartment buildings in the market, results of a realestate investor survey, etc. Then assessed a yield
difference in comparison with districts which meet theabove criteria, based on cap rates for the appraisal
values of the assessed real estate and forcomparable real estate, considering rental supply anddemand trends and property sales trends in these
districts, etc.

2,010,000

1,960,000
4.4％

4.8％

1,840,000
1,835,239
1,278,833
556,406
0

Assessed by a method comparing with sample
transactions in comparable real estate, together witha method which considers the specific characteristics
of real estate to adjust yields of financial assets, andalso considering interviews with investors, etc.
Adjusts the cap rate assessed above bycomprehensively considering the characteristics ofthe net income adopted, future uncertainties, liquidity,
market characteristics, etc.

The total value of the land and building is judged to
be unchanged.

The above appraisal valuations provide an overview of the appraisal report for the real estate planned for
acquisition. Daiwa Real Estate Appraisal was commissioned by NAF to prepare the report, which is basedon consideration points prescribed under laws concerning investment trusts and investment companies, aswell as laws concerning real estate appraisal (including Article 38 of 1973 and subsequent amendments
thereof) and accepted real estate appraisal standards.
The above appraisal valuations reflect the judgment and opinion of the appraiser at a fixed point in time,with no guarantees as to the validity or accuracy of these reports, or the possibility of transactions at theappraised values.
Yen amounts are rounded off to the nearest thousand yen.

Portfolio list after the acquisition of the property is completed (on a (planned) acquisition pricebasis)
Name

No.

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
28
29
30
31
32
33
34
38
39
40

River Point Tower
Park Side Wings
Pier West House
Park Axis Gakugei Daigaku
Park Axis Ichigaya
Park Axis Shibuya Jinnan
Park Axis Aoyama Kotto-doriPark Axis Kagurazaka Stage
Park Axis Shiroganedai
Park Axis Bunkyo Stage
Park Axis Tsukishima
Park Axis Otsuka
Park Axis Minami Azabu
Park Axis Shibuya
Park Axis Nihonbashi Stage
Park Axis Hamamatsucho
Park Axis Hongo No Mori
Park Axis Tameike Sanno
Park Axis Roppongi Hinokicho Park
Park Axis Ochanomizu Stage
Park Axis Okachimachi
Park Cube Hongo
Park Cube Kanda
Park Cube Ichigaya
Park Cube Asakusa Tawaramachi
Park Cube Ueno
Park Cube Ikebukuro Kanamecho
Park Axis Meguro Honcho
Park Axis Shin Itabashi
Park Axis Akihabara
Park Axis Toyocho
Park Axis Takinogawa
Park Axis Asakusabashi
Park Cube Gakugei Daigaku(tentative name)Park Cube Itabashi Honcho(tentative name)Park Cube Yoyogi Tomigaya
Tokyo 23 wards Total
Okawabata
Apartment
Communities

Acquisition
Price(Note 1)

Portfolio
Share(Note 2)Chuo-ku, Tokyo

29,69622.8

Setagaya-ku, Tokyo
Shinjuku-ku, Tokyo
Shibuya-ku, Tokyo
Minato-ku, Tokyo
Shinjuku-ku, Tokyo
Minato-ku, Tokyo
Bunkyo-ku, Tokyo
Chuo-ku, Tokyo
Toshima-ku, Tokyo
Minato-ku, Tokyo
Shibuya-ku, Tokyo
Chuo-ku, Tokyo
Minato-ku, Tokyo
Bunkyo-ku, Tokyo
Minato-ku, Tokyo
Minato-ku, Tokyo
Bunkyo-ku, Tokyo
Taito-ku, Tokyo
Bunkyo-ku, Tokyo
Chiyoda-ku, Tokyo
Shinjuku-ku, Tokyo
Taito-ku, Tokyo
Taito-ku, Tokyo
Toshima-ku, Tokyo
Meguro-ku, Tokyo
Itabashi-ku, Tokyo
Chiyoda-ku, Tokyo
Koto-ku, Tokyo
Kita-ku, Tokyo
Taito-ku, Tokyo
Meguro-ku, Tokyo
Itabashi-ku, Tokyo
Shibuya-ku, Tokyo

1,760
2,570
3,230
1,730
1,400
5,140
4,440
930
1,655
3,939
1,282
7,557
2,025
2,910
2,860
2,170
9,710
1,070
1,760
2,454
1,794
2,508
2,233
1,608
1,810
3,430
1,200
3,950
1,820
2,717
910
4,170
1,975
120,414

1.4
2.0
2.5
1.3
1.1
3.9
3.4
0.7
1.3
3.0
1.0
5.8
1.6
2.2
2.2
1.7
7.5
0.8
1.4
1.9
1.4
1.9
1.7
1.2
1.4
2.6
0.9
3.0
1.4
2.1
0.7
3.2
1.5
92.4

Location

25
26Park Cube Keio Hachioji
Park Cube Keio Hachioji 2Greater Tokyo Total (Note 3)

Hachioji-shi, Tokyo
Hachioji-shi, Tokyo

991
1,130
2,121

0.8
0.9
1.6

27
35
36
37

Park Axis Meieki Minami
Park Axis Marunouchi
Park Axis Ropponmatsu
Park Axis Hakataeki Minami
Other Major Cities Total (Note 4)

Nakamura-ku, Nagoya-shi, Aichi

2,440
1,920
1,515
1,890
7,765

1.9
1.5
1.2
1.5
6.0

130,300

100.0

Total

Naka-ku, Nagoya-shi, Aichi
Chuo-ku,Fukuoka-shi,Fukuoka
Hakata-ku,Fukuoka-shi,Fukuoka

(Note 1) “Acquisition Price” refers to the sale price (exclusive of miscellaneous expenses for acquisition, fixed property taxes,
urban planning taxes, consumption taxes, and local consumption taxes) of the property acquired or the property to beacquired. Amounts less than one million yen have been rounded off.

(Note 2) “Portfolio Share” means the percentage of the acquisition price of the property acquired or the property to be acquiredcompared with the total amount, rounded to the nearest one decimal place.

(Note 3) “Greater Tokyo ” refers to four prefectures, Tokyo (excluding Tokyo’s 23 wards), Kanagawa, Saitama, and Chiba.

(Note 4) “Other Major Cities” refers to cities designated as regional government ordinance.

Photographs of exterior and entrance of property to be acquiredMap to locate the property to be acquired

Yoyogi Park

Yoyogi Hachiman Station
Yoyogi Uehara Station

Yoyogii Koen Station

Yamate-doriPark Cube Yoyogi Tomigaya

渋谷区役所

東海大

Tokyo University(Dept. of Education)

Komaba Park

Z07BB 第 152 号

Shibuya Sta.
Shinsen Station