[For Translation Purposes Only]
October 30, 2015

For Immediate Release
To Whom It May Concern
Nomura Real Estate Master Fund, Inc.
Securities Code: 3462
Satoshi Yanagita, Executive Director
Asset Management Company:
Nomura Real Estate Asset Management Co., Ltd.
Norio Ambe, President & Chief Executive OfficerInquiries:
Motomi Uki
Director and Managing Executive Officer
TEL. +81-3-3365-8767 nmf3462@nomura-re.co.jp

Notice Concerning Completion of Property Acquisition
Nomura Real Estate Master Fund, Inc. (“NMF”) announced today the completion of acquisition of thefollowing assets (the “Four Properties”) described in the press release “Notice Concerning Acquisition ofAssets” announced on May 27, 2015 by former Nomura Real Master Fund, Inc. (the “Former NMF”),
Nomura Real Estate Office Fund, Inc. (“NOF”) and Nomura Real Estate Residential Fund, Inc. (“NRF”).
Summary of the Property
Acquisition price(¥million)(Note)

No

Property name

UseLocation

Type of asset

1

NRE Kichijoji Building

RetailMusashino City,
Tokyo

Trust beneficiaryinterest in mainly
real estate

5,310

2

GEMS Ichigaya

RetailChiyoda-ku,
TokyoReal Estate

2,080

3

PROUD FLAT
Hatchobori
PROUD FLAT Itabashi
HonchoResidential

Chuo-ku, Tokyo

Real Estate

920

Residential

Itabashi-ku, Tokyo

Real Estate

720

4Total9,030(Note ) Excluding property taxes, urban planning taxes, consumption taxes and local consumption taxes

With the acquisition of the Four Properties above, NMF’s portfolio now consists of 261 properties andthe total acquisition price is ¥794 billion (Note). For further details of the portfolio after the acquisitionof the Four Properties, please refer to the attached reference material “Portfolio after Acquisition of theFour Properties.” Also please refer to “Notice Concerning Acquisition of Assets” announced on May 27,
2015 by the Former NMF, NOF and NRF for details of the assets.
(Note) The total acquisition price is calculated based on the acquisition prices paid by NMF or the Former NMF forproperties NMF acquired after the merger (the “Merger”) on October 1, 2015 and properties succeeded fromthe Former NMF due to the Merger; the appraisal value as of April 30, 2015 for properties succeeded from
NOF; and the appraisal value as of May 31, 2015 for properties succeeded from NRF. Therefore, it is notbased on the amount of assets recorded after the succession due to the Merger.
-1-【Exhibit】
Portfolio after Acquisition of the Four Properties*Nomura Real Estate Master Fund, Inc. URL: http://www.nre-mf.co.jp/english/-2-

Exhibit
Portfolio after Acquisition of the Four Properties
UseOffice

RetailLogistics

Residential

Total

Acquisition Price(million yen)
(Note 2)

Percentage toTotal (%)(Note 3)

Greater Tokyo

281,668

35.5

Other areas

75,200

9.5

Office Sub-total

356,868

44.9

Greater Tokyo

95,317

12.0

Other areas

44,836

5.6

Retail Sub-total

140,153

17.7

Greater Tokyo

126,230

15.9

Other areas

6,580

0.8

Logistics Sub-total

132,810

16.7

Greater Tokyo

132,497

16.7

Other areas

31,690

4.0

Residential Sub-total

164,18720.7-794,018

100.0

Area
(Note 1)

(Note 1) “Greater Tokyo” refers to Tokyo Prefecture, Kanagawa Prefecture, Chiba Prefecture and Saitama
Prefecture. “Other Areas” refers to cabinet-order designated cities, prefectural capitals, and cities
having a population of at least 100,000 and their peripheral areas, excluding Greater Tokyo.
(Note 2) “Total Acquisition Price” is calculated based on the acquisition prices paid by NMF or the Former
NMF for properties NMF acquired after the Merger and properties succeeded from the Former
NMF due to the Merger; the appraisal value as of April 30, 2015 for properties succeeded fromNOF; and the appraisal value as of May 31, 2015 for properties succeeded from NRF. Therefore, it
is not based on the amount of assets recorded after the succession due to the Merger. Please notethat the above figures are acquisition prices assumed as of today and shall be updated once they arefinalized.
(Note 3) “Percentage to Total” indicates the ratio of the total acquisition price of properties for respective
uses and in respective areas to the total acquisition price of the entire portfolio (261 properties intotal) based on acquisition prices explained in (Note 2). The calculation of percentage to total
excludes silent partnership equity interests. Furthermore, as the figures were rounded to the firstdecimal place, the total may not necessarily be 100%.
(Note 4) NMF is scheduled to acquire PMO Tamachi, PMO Ginza Hatchome and PMO Shibakoen onMarch 1, 2016. Please refer to the “Notice Concerning Acquisition of Assets” announced on May
27, 2015 by the Former NMF, NOF and NRF for further details of the acquisition.