Translation of Japanese Original
June 12, 2019
To All Concerned Parties
REIT Issuer:
Kenedix Office Investment Corporation
Jiro Takeda, Executive Director(Securities Code: 8972)
Asset Management Company:
Kenedix Real Estate Fund Management, Inc.
Masahiko Tajima, President & CEO
Inquiries:
Hiroaki Momoi
Head of Planning Division
Office REIT Department
TEL: +81-3-5157-6010

Notice Concerning Acquisition of Property (Chofu Center Building)Kenedix Office Investment Corporation (“the Investment Corporation”) has announced today, that Kenedix Real
Estate Fund Management, Inc. (“the Asset Management Company”), the asset management company for theInvestment Corporation, decided to acquire the following property (“the Acquisition”).
1. Outline of the Acquisition(1) Property Name
: Chofu Center Building(2) Type of Property to be Acquired : Trust beneficiary interest in real estate (Note 1)(3) Anticipated Acquisition Price: 8,700 million yen(Acquisition costs, adjustment of property tax and city-planning tax,
consumption tax, etc. are excluded.)(4) Seller: Domestic general business corporation (non-related party)(5) Date of Contract: June 12, 2019(6) Scheduled Date of Acquisition: June 14, 2019(7) Acquisition Funds: Cash on hand and borrowings (Note 2)(8) Settlement Method: Payment in full on settlement
Note 1: Chofu Center Building is a building consisting of compartmentalized ownership buildings that are comprised of totalof 3 compartments of office, parking and retail shop & pool. Please refer to “Reference Material 3, Cross-section
View” for the positional relation of each compartment, etc. Of these 3 compartments, the property to be acquired isthe entire interest of office and co-ownership interest of parking.
Note 2: Please refer to the press release, “Notice Concerning Debt Financing (Series 164) and the Execution of Interest Rate
Swap Agreements” dated today for details on the borrowings.

The aforementioned property to be acquired shall hereinafter be referred to as “the Property”.
2. Reason for the Acquisition
The decision on the Acquisition was made by comprehensively considering portfolio construction policy, real estatemarket trends, the characteristics of the Property and other factors to improve and expand the portfolio.
Though the Property is classified into a non-mid-sized office building as defined by the management guidelines of
the Office REIT Department of the Asset Management Company, the Investment Corporation has a policy of
selective investment in non-mid-sized office buildings within the range of 20% of the investment ratio target anddecided to make the Acquisition after evaluating the following characteristics of the Properties.

1(1) Location
The Chofu area, where the Property is located, is adjacent to the 23 wards of Tokyo, and has been developed as a
crucial place for transportation in the Tama region, which has good connection to major stations in Tokyo, andwhich is accessible from Chofu Station on the Keio Line, the nearest station from the Property, to Shinjuku
Station that is a major terminal station in Tokyo, in about 15 minutes.
The Property is an approx. 9-minute walk from Chofu Station, where commercial facilities are located, and is an
office building adjacent to the residential area that meets the needs for close placement of residence andworkplace. In addition, the Property has a diverse range of location characteristics such as approx. 5-minutedrive from the Chofu Interchange on the Chuo Expressway providing traffic convenience for tenants who often
use cars on business, and the location on the Musashino Plateau, which is highly regarded as a stable earthquake-resistant ground making it possible to meet demand from tenants for BCP (Business Continuity Plan)correspondence.
(2) Building
The Property has leasable floor areas of about 1,884 m2 (about 570 tsubo) on the standard floors with ceilingheight of 2.8 m. It is equipped with OA floors (150 mm), individual air conditioning systems, 24-hour security
system with a combination of human and machine, 51 parking spaces (including multistory parking garages),and 5 elevators. Furthermore, BCP correspondence equipment such as the special high-voltage 2-line powerreceiving equipment and emergency power generators that can be used for 72 hours is installed. The rental room
is regularly shaped and easy to lay out and can be leased separately, allowing for flexible leasing that meets thediversified needs of offices and being reasonably competitive within the area’s rental office building market.
Through the Acquisition, the portfolio of the Investment Corporation will expand to 97 properties (total: 424.5
billion yen). The investment ratio of office buildings in the portfolio will be 99.3%, and the investment ratio of theTokyo Metropolitan Area (Note) in the portfolio will be 81.7% (The figures are based on acquisition price.).
Note: Tokyo Metropolitan Area means major cities in Tokyo Metropolitan, Kanagawa, Saitama, and Chiba Prefectures.

3. Details of the Property to be Acquired
Property Name

Chofu Center Building

Type of Specified Asset

Trust beneficiary interest in real estate

TrusteeMizuho Trust & Banking Co., Ltd.

Trust Term

June 17, 2016 to May 31, 2029

Current Owner (Current Beneficiary)

Domestic general business corporation (non-related party)

Location (Address)

1-18-1 Chofugaoka, Chofu, Tokyo (Note 1)

Usage

Retail shop, Office, Pool, Parking (Note 2)

Type of Structure

Flat-roofed, Steel-framed reinforced concrete, Reinforced
concrete structure; 7 above-ground floors with 1 undergroundfloor (Note 2)

Site Area

Land (Note 3)
Building (Total Floor Area)(Note 4)
Office31,536.86 m2
18,015.20 m2

Parking

5,366.05 m2

Retail Shop & Pool

7,836.43 m2

Land
Type ofOwnership

13,265.06 m2

Building

Proprietary ownership (co-ownership interest of 61.17%)(Note 5)Compartmentalized ownership
1F-7F: office
Co-ownership interest of compartmentalized ownership
B1 and 1F: parking (co-ownership interest of 20.37%) (Note 5)2Completion
Date

OfficeJanuary 16, 1995

Retail Shop & Pool

July 18, 1988

Architect

NIHON SEKKEI, INC.

Construction Company

Nishimatsu Construction Co., Ltd.

Construction Confirmation Authority

Tokyo Metropolitan Government

Probable Maximum Loss

6.58% (Sompo Risk Management Inc.)
8,700 million yen

Anticipated Acquisition PriceAppraisal

Appraisal Value

9,920 million yen

Base Date for Appraisal

April 1, 2019

Appraiser

Japan Real Estate InstituteDetails

Please refer to “10. Summary of Appraisal Report” below.

Existence of Secured Interests after Acquisition

None

Master Lease Company after Acquisition

The Investment Corporation

Property Management Company after Acquisition

Kenedix Property Management, Inc.

Details of Tenant (Office)

As of May 31, 2019

Number of End Tenants

7

Total Leasable Area

11,834.73 m2

Total Leased Area

11,834.73 m2

Occupancy Rate

100.0%

Monthly Rent and Common Area Charge(Excluding Consumption Tax, etc.)

49 million yen (Note 6)

Security and Guarantee Deposit

261 million yen (Note 6)

Forecast income and expenditure(annual amount)

Please refer to “Reference Material 1” for details.

Forecast Net Operating Income

420 million yen

Forecast Net Operating Income after
Depreciation

372 million yen

Special Considerations

Not applicable

Other

Note 1: Concerning location of the Property, the residence indication has yet to be confirmed.
Note 2: It is shown about a whole building.
Note 3: The area of the entire site where the Property is located is shown.
Note 4: Total floor area of a whole building and total occupied area of each compartment are
shown. The total occupied area of compartmentalized ownership buildings, which areincluded in a whole building, is 31,217.68 m2. Of this, the total occupied area ofcompartmentalized ownership buildings regarding the Property is 19,108.48 m2 and theratio of occupied area is 61.21%. The occupied area of parking compartment withco-ownership interest is calculated by multiplying the total occupied area of thiscompartment by the ratio of co-ownership interest).
Note 5: The ratio of co-ownership interest is rounded to the second decimal place.
Note 6: Figures include the total amount of monthly rent, common area charge, and security
and guarantee deposit for the end-tenants for which the lease period has started as of
May 31, 2019.

3

4. Seller’s Profile
Name and other information of the seller are not disclosed because the seller has not given consent. In addition,
there is no special capital relationship, no special personnel relationship or no special business relationship between
the Investment Corporation or the Asset Management Company and the seller. Furthermore, the seller is neither arelated party, etc. as defined in the Act on Investment Trusts and Investment Corporations (“the Investment TrustAct”) nor a related party as defined in the Office REIT Department Related-party Transaction Rules of the AssetManagement Company.
5. Acquirer’s (Previous Owners of Current Owner) Profile
It is omitted because the seller (the current owner) of the Property is not a special related party of the Investment
Corporation or the Asset Management Company.
6. Details of Brokerage
The details of the brokerage firm and the brokerage fee for the Acquisition are as follows.
Name of Brokerage Firm
Kenedix, Inc.
Location
2-1-6 Uchisaiwaicho, Chiyoda-ku, Tokyo
Title and Name of Representative Taisuke Miyajima, President & CEO
Consulting business related to real estate transactions and usage as well as
Description of Businessasset management
Real estate transaction, leasing, brokerage and appraisal
Management of real estate
Administrative operation of its GroupThe Second Financial Instruments Business
Real Estate Specified Joint Enterprise, etc.
Amount of Capital
Approx. 40,320 million yen (as of the end of May 2019)
Date of Incorporation
April 17, 1995
Brokerage Fee
261 million yen (excluding consumption tax, etc.)
Relationship with the Investment
The brokerage firm is the parent company, etc. of the Asset Management
Corporation or the Asset
Company under the Financial Instruments and Exchange Act, and a related
Management Company
party, etc. as defined in the Investment Trust Act and a related party as
defined in the Office REIT Department Related-party Transaction Rules of
the Asset Management Company.
7. Related Party Transaction
Regarding the following transaction (1) and (2) with related party, etc. on the Acquisition, the Asset Management
Company, pursuant to the Office REIT Department Related-party Transaction Rules, has worked to ensure strict
compliance with statutory and other regulatory requirements and through the deliberation and resolution by theCompliance Committee, the Acquisition has been submitted to the Office REIT Department Asset Management
Committee for deliberation and approval and approved by the committee.
(1) Entrustment of Brokerage Business
Outline of the brokerage is as stated in the above, “6. Details of Brokerage”.
(2) Appointment of a Property Management Company
The Investment Corporation plans to execute a property management agreement for the Property with Kenedix
Property Management, Inc. on the scheduled date of acquisition.
Fees relating to property management remain at the same level as properties owned by the Investment
Corporation.

4

Outline of Kenedix Property Management, Inc.
Name of Company
Location
Title and Name of Representative
Description of BusinessAmount of Capital
Date of Incorporation
Relationship with the Investment
Corporation or the AssetManagement Company

Kenedix Property Management, Inc.
5-1-9 Shinbashi, Minato-ku, Tokyo
Akimitsu Uezu, President & CEO
Consulting business related to real estate administration, leasing, brokerageand management, etc.
100 million yen (as of the end of May 2019)
January 31, 2014
The property management company is the subsidiary company of Kenedix,
Inc., the parent company, etc. of the Asset Management Company under the
Financial Instruments and Exchange Act and is a related party, etc. as
defined in the Investment Trust Act and a related party as defined in the
Office REIT Department Related-party Transaction Rules of the AssetManagement Company.

8. Scheduled Date of the Acquisition
Determination Date of the Acquisition and Date of Contract

June 12, 2019

Payment Date and Delivery Date

June 14, 2019 (Planned)

9. Outlook
For the forecast of financial results for the fiscal periods ending October 2019 (May 1, 2019 to October 31, 2019)and April 2020 (November 1, 2019 to April 30, 2020), please refer to the today’s announcement, “Financial Reportfor the Fiscal Period Ended April 30, 2019 (REIT)”.

5

10. Summary of Appraisal Report
Property Name

Chofu Center Building

Appraisal Value
Appraiser
Appraisal Date

9,920,000,000 yen
Japan Real Estate Institute
April 1, 2019
Unit: Yen
Item

Income Capitalization Approach Value
Value Calculated Using the
Direct Capitalization Method(1) Gross Operating Revenue
Maximum Gross Operating
Revenue

Shortfall Attributed to Vacancies(2) Operating Expenses

Content

Basis

9,980,000,000
670,938,000

20,657,000
195,078,000
63,700,000

Utility Expenses

51,500,000

Repair Expenses

8,265,000

Property Management Fees

12,356,000

Tenant Recruit Expenses, etc.

5,134,000

Taxes and Dues

53,128,000

Other Expenses(3) Net Operating Income(NOI= (1)-(2))(4) Gain on Guarantee Deposit
Investment

0475,860,000

Assess income from investments by using an investment
return of 1.0%
Assess an amount by taking into account the level of capital
expenditures at similar properties, the age of the property,
the average annual repair, maintenance and renewal
expenses in the engineering report, etc. assuming that anequal amount is added to a reserve in each fiscal period

3,036,000

20,020,000(6) Net Cash Flow
(NCF=(3)+(4)-(5))

458,876,000(7) Capitalization Rate

4.6%

Assess an amount by comprehensively taking into accountcomparison with transaction cases, etc. at similar properties,
the property’s location, the characteristics of the building,
the rights, the terms of contract, etc.

9,860,000,000

Discount Rate

4.2%

Terminal Capitalization Rate

4.7%

Value Calculated Using the Cost Method
Land
Building

Assess an amount in consideration of the actual amounts inthe prior years, maintenance expenses of similar properties
and unique characteristics of the property
Assess an amount in consideration of the actual amounts inthe prior years, utility expenses of similar properties,
occupancy rate of leased area, etc.
Assess an amount by considering the actual amounts in theprior years, future administrative operation plan, expenses atsimilar properties, annual average repair, maintenance andrenewal expenses in the engineering report, etc.
Assess an amount by considering compensation rates, etc.
based on terms of contract and at similar properties
Recognize an annual average amount assessed based on theestimated tenant turnover period
Recognize an amount based on the fiscal 2019 tax statement,
etc.
Assess an amount by considering an estimated insurance
premium, insurance premiums at similar properties, etc.
No particular expenses to be recognized

995,000(5) Capital Expenditure

Value Calculated Using the
Discounted Cash Flow Method

Assess an amount based on the premise of the rent revenue,
common area charge revenue, parking revenue, otherrevenue, etc. that are believed to remain stable over the
medium and long term
Assess an amount based on the premise of an occupancy ratethat remains stable over the medium and long term

691,595,000

Maintenance Expenses

Damage Insurance Fees

Estimate an amount by treating equally the Value Calculated
Using the Direct Capitalization Method and the Value
Calculated Using the Discounted Cash Flow Method
Assess an amount by using the cap rate based on medium tolong-term stable net cash flow

9,920,000,000

Assess an amount by comprehensively taking into accountthe property’s unique characteristics, etc. by reference totransaction yields at similar properties
Assess an amount by taking into account future uncertainty,
liquidity, etc. based on capitalization rate

10,100,000,000
82.0%
18.0%

6

The Appraiser’s Points to Consider upon Appraisal
Other Than the Above

Nothing in particular‘*Reference
Appraisal NOI Yield (Note)

5.5%

Note: Appraisal NOI yield is calculated by dividing net operating income (NOI) based on the Direct Capitalization Method described in
the above appraisal report by the anticipated acquisition price (8,700 million yen), rounded to the first decimal place.

Attached Materials
Reference Material 1
Reference Material 2
Reference Material 3
Reference Material 4

Summary of Projected Cash Flow
Summary of Building Condition Investigation Report
Property Photographs, Property Location and Cross-section View
Property Portfolio after the Acquisition

The Investment Corporation’s website: https://www.kdo-reit.com/en/
This notice is the English translation of the Japanese announcement on our website released on June 12, 2019. However, noassurance or warranties are given for the completeness or accuracy of this English translation.

7

Reference Material 1
Summary of Projected Cash Flow
Unit：Millions of Yen
A. Projected Operating Revenue

620

B. Projected Operating Expense(Excluding Depreciation Expense)

199

C. Projected NOI (A-B)

420

D. Projected Depreciation Expense

48

E. Projected NOI after Depreciation (C-D)

372

F. Projected Occupancy Rate

96%

Assumptions of Projected Cash Flow:
1.
2.
3.
4.

The above each figure is an estimate for one year and is exclusive of extraordinary factors from the year ofacquisition.
Revenue includes ancillary revenue except monthly rent and common area charge.
Expense includes property management fees, taxes and dues, repairs and maintenance expenses, andinsurance premiums, etc.
Occupancy rate remains on the assumption of the above “F. Projected Occupancy Rate”.

8Reference Material 2
Summary of Building Condition Investigation Report
Unit: Yen

Tokio Marine & Nichido Risk Consulting Co., Ltd.

Investigation Company

Date of Investigation

March 2019

Repairs, Maintenance and Renovation Expenses
Required over the Next Year

0

Repairs, Maintenance and Renovation Expenses
Expected to be Required within 2-12 Years

330,605,000

Replacement Value

5,784,700,000* The abovementioned investigation company undertook building condition evaluations such as
・A diagnosis of building deteriorations
・Formulation of a short- and long-term repair and maintenance plans
・Assessment of legal compliance with the Building Standards Act, etc.
・Analyses of the existence of hazardous substances
・Analyses of the soil environmentand submitted a building condition investigation report to the Investment Corporation.

9

Reference Material 3
Property Photographs, Property Location and Cross-section View
【Property Photographs】

10

【Property Location】

Acquired Property
Chofu Center Building【Cross-section View】

Acquisition target (the entire interest of compartmentalized ownership)

Acquisition target (the co-ownership interest of compartmentalized ownership)

Office compartment

Retail shop & poolcompartment

Parking compartment

11

Reference Material 4
Property Portfolio after the Acquisition
As of June 14, 2019
Type of Use

Office Buildings(Mid-size)

Area

5 Central Wardsof Tokyo

Ratio(Note 1)

(Scheduled) Date of
Acquisition (Note 2)

Location(Anticipated) Acquisition Price(million yen) (Note 1)

KDX Hamamatsucho Place

Minato-ku, Tokyo

20,700

4.8%

July 2, 2018

KDX Toranomon 1chome Building

Minato-ku, Tokyo

15,5503.6%

March 30, 2016

KDX Harumi Building

Chuo-ku, Tokyo

10,2502.4%

June 30, 2008

KDX Nishi-Shinbashi Building

Minato-ku, Tokyo

8,400

1.9%

February 1, 2017

Hiei Kudan-Kita Building

Chiyoda-ku, Tokyo

7,600

1.7%

February 1, 2008

KDX Shinjuku Building

Shinjuku-ku, Tokyo

6,800

1.6%

February 18, 2010

KDX Ochanomizu Building

Chiyoda-ku, Tokyo

6,400

1.5%

April 2, 2007

KDX Shiba-Daimon Building

Minato-ku, Tokyo

6,090

1.4%

March 1, 2007

KDX Kojimachi Building

Chiyoda-ku, Tokyo

5,950

1.4%

November 1, 2005

KDX Nihonbashi 313 Building

Chuo-ku, Tokyo

5,940

1.3%

August 1, 2005

KDX Takanawadai Building

Minato-ku, Tokyo

5,250

1.2%

November 19, 2013

KDX Iidabashi Building

Shinjuku-ku, Tokyo

4,670

1.1%

July 22, 2011

KDX Ebisu Building

Shibuya-ku, Tokyo

4,640

1.0%

May 1, 2006

Higashi-Kayabacho Yuraku Building

Chuo-ku, Tokyo

4,450

1.0%

August 1, 2005

KDX Iidabashi Square

Shinjuku-ku, Tokyo

4,350

1.0%

January 10, 2014

KDX Ginza 1chome Building

Chuo-ku, Tokyo

4,300

1.0%

November 12, 2010

KDX Nihonbashi Honcho Building

Chuo-ku, Tokyo

4,000

0.9%

November 12, 2010

KDX Hamamatsucho Center Building

Minato-ku, Tokyo

3,950

0.9%

September 1, 2015

KDX Shin-Nihonbashi Ekimae Building

Chuo-ku, Tokyo

3,829

0.9%

August 2, 2016

KDX Shinbashi Building (Note 2)

Minato-ku, Tokyo

3,728

0.8%

May 1, 2006

KDX Hatchobori Building

Chuo-ku, Tokyo

3,680

0.8%

August 1, 2005

KDX Ginza East Building

Chuo-ku, Tokyo

3,600

0.8%

March 13, 2015

KDX Shibuya Nanpeidai Building

Shibuya-ku, Tokyo

3,500

0.8%

August 10, 2017

KDX Hamamatsucho Building

Minato-ku, Tokyo

3,460

0.8%

May 1, 2006

KDX Mita Building

Minato-ku, Tokyo

3,180

0.7%

November 18, 2013

KDX Higashi-Shinjuku Building

Shinjuku-ku, Tokyo

2,950

0.6%

September 1, 2006

KDX Kayabacho Building

Chuo-ku, Tokyo

2,780

0.6%

May 1, 2006

KDX Jimbocho Building

Chiyoda-ku, Tokyo

2,760

0.6%

March 31, 2008

KDX Hakozaki Building

Chuo-ku, Tokyo

2,710

0.6%

July 22, 2011

KDX Akihabara Building

Chiyoda-ku, Tokyo

2,600

0.6%

November 19, 2013

KDX Yoyogi Building

Shibuya-ku, Tokyo

2,479

0.5%

September 30, 2005

Harajuku F.F. Building

Shibuya-ku, Tokyo

2,450

0.5%

August 1, 2005

KDX Kajicho Building

Chiyoda-ku, Tokyo

2,350

0.5%

July 3, 2006

KDX Hamacho Nakanohashi Building

Chuo-ku, Tokyo

2,310

0.5%

February 1, 2008

KDX Shinjuku 286 Building

Shinjuku-ku, Tokyo

2,300

0.5%

June 1, 2007

KDX Shin-Nihonbashi Building

Chuo-ku, Tokyo

2,300

0.5%

July 22, 2011

KDX Minami Aoyama Building

Minato-ku, Tokyo

2,270

0.5%

August 1, 2005

Itopia Nihonbashi SA Building

Chuo-ku, Tokyo

2,200

0.5%

August 19, 2013

Shin-toshin Maruzen Building

Shinjuku-ku, Tokyo

2,110

0.4%

February 29, 2008

KDX Nihonbashi 216 Building

Chuo-ku, Tokyo

2,010

0.4%

December 1, 2009

Kanda Kihara Building

Chiyoda-ku, Tokyo

1,950

0.4%

August 1, 2005

KDX Shinjuku 6-chome Building

Shinjuku-ku, Tokyo

1,900

0.4%

September 13, 2013

KDX Iwamoto-cho Building

Chiyoda-ku, Tokyo

1,864

0.4%

May 1, 2008

KDX Nishi-Shinjuku Building

Shinjuku-ku, Tokyo

1,500

0.3%

April 2, 2007

KDX Nihonbashi Edo-dori Building

Chuo-ku, Tokyo

1,350

0.3%

August 2, 2016

Property Name

12

Type of Use

Area

Tokyo
Metropolitan Area
(excluding 5 Central Wards)

Office Buildings(Mid-size)

Other
Regional Areas

Property Name

Location(Anticipated) Acquisition Price(million yen) (Note 1)

Ratio(Note 1)

(Scheduled) Date of
Acquisition (Note 2)

KDX Musashi-Kosugi Building

Kawasaki, Kanagawa

12,0002.8%

March 20, 2014

KDX Yokohama Kannai Building

Yokohama, Kanagawa

9,500

2.2%

January 31, 2018

KDX Yokohama Building

Yokohama, Kanagawa

7,210

1.6%

October 29, 2014

KDX Fuchu Building

Fuchu, Tokyo

6,120

1.4%

September 21, 2012

Toshin 24 Building

Yokohama, Kanagawa

5,300

1.2%

May 1, 2006

KDX Higashi-Shinagawa Building

Shinagawa-ku, Tokyo

4,590

1.0%

July 22, 2011

KDX Nishi-Gotanda Building

Shinagawa-ku, Tokyo

4,200

0.9%

December 1, 2006

KDX Ikebukuro Building

Toshima-ku, Tokyo

3,900

0.9%

November 18, 2013

KDX Kawasaki-Ekimae Hon-cho Building

Kawasaki, Kanagawa

3,760

0.8%

February 1, 2008

KDX Takadanobaba Building

Toshima-ku, Tokyo

3,650

0.8%

May 30, 2014

Koishikawa TG Building

Bunkyo-ku, Tokyo

3,080

0.7%

November 18, 2009

KDX Kasuga Building

Bunkyo-ku, Tokyo

2,800

0.6%

September 21, 2012

KDX Yokohama Nishiguchi Building

Yokohama, Kanagawa

2,750

0.6%

December 2, 2014

KDX Gotanda Building

Shinagawa-ku, Tokyo

2,620

0.6%

November 18, 2009

KDX Nakano-Sakaue Building

Nakano-ku, Tokyo

2,533

0.5%

August 1, 2005

KDX Shin-Yokohama Building

Yokohama, Kanagawa

2,520

0.5%

May 1, 2006

KDX Funabashi Building

Funabashi, Chiba

2,252

0.5%

March 1, 2006

BR Gotanda

Shinagawa-ku, Tokyo

2,200

0.5%

April 5, 2017

KDX Omiya Building

Saitama, Saitama

2,020

0.4%

March 26, 2013

KDX Okachimachi Building

Taito-ku, Tokyo

2,000

0.4%

March 1, 2007

KDX Ikebukuro West Building

Toshima-ku, Tokyo

1,934

0.4%

September 3, 2014

KDX Nakameguro Building

Meguro-ku, Tokyo

1,880

0.4%

September 21, 2012

KDX Kiba Building

Koto-ku, Tokyo

1,580

0.3%

June 20, 2006

KDX Monzen-Nakacho Building

Koto-ku, Tokyo

1,400

0.3%

January 19, 2007

KDX Hon-Atsugi Building

Atsugi, Kanagawa

1,305

0.3%

March 1, 2007

KDX Tachikawa Ekimae Building

Tachikawa, Tokyo

1,267

0.2%

December 26, 2011

KDX Hachioji Building

Hachioji, Tokyo

1,155

0.2%

March 1, 2007

KDX Nagoya Sakae Building (Note 2)

Nagoya, Aichi

7,550

1.7%

April 25, 2008

KDX Nagoya Ekimae Building

Nagoya, Aichi

7,327

1.7%

December 26, 2011

KDX Sakura-dori Building

Nagoya, Aichi

5,900

1.3%

January 9, 2015

KDX Karasuma Building

Kyoto, Kyoto

5,400

1.2%

June 1, 2007

KDX Hakata-Minami Building

Fukuoka, Fukuoka

4,900

1.1%

February 1, 2008

KDX Shin-Osaka Building

Osaka, Osaka

4,550

1.0%

September 1, 2015

KDX Nagoya Nichigin-mae Building

Nagoya, Aichi

3,500

0.8%

March 15, 2016

KDX Kobayashi-Doshomachi Building

Osaka, Osaka

2,870

0.6%

December 1, 2010

KDX Higashi Umeda Building

Osaka, Osaka

2,770

0.6%

March 28, 2012

KDX Utsunomiya Building

Utsunomiya, Tochigi

2,350

0.5%

May 30, 2014

KDX Kitahama Building

Osaka, Osaka

2,220

0.5%

February 1, 2008

KDX Minami-Honmachi Building

Osaka, Osaka

2,200

0.5%

December 2, 2014

KDX Sendai Building

Sendai, Miyagi

2,100

0.4%

June 1, 2007

KDX Sapporo Building

Sapporo, Hokkaido

2,005

0.4%

March 25, 2011

KDX Sapporo Kitaguchi Building

Sapporo, Hokkaido

1,800

0.4%

July 20, 2017

KDX Hiroshima Building

Hiroshima, Hiroshima

1,300

0.3%

September 1, 2014

353,679

83.3%-

Total of 88 Office Buildings (Mid-size)

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Type of Use

Area

5 Central Wardsof Tokyo

Office Buildings(Other)Tokyo Metropolitan Area
(excluding 5 Central Wards)

Other
Regional Areas

OthersInvestment Security

5 Central Wardsof Tokyo

5 Central Wardsof Tokyo

Location(Anticipated) Acquisition Price(million yen) (Note 1)

Ratio(Note 1)

Ginza 4chome Tower

Chuo-ku, Tokyo

9,800

2.3%

August 19, 2013

ARK Mori Building

Minato-ku, Tokyo

4,169

0.9%

December 1, 2016

Pentel Building (Note 3)

Chuo-ku, Tokyo

3,350

0.7%

March 26, 2015

Mitsubishijuko Yokohama Building

Yokohama, Kanagawa

14,7203.4%

December 7, 2017

Chofu Center Building

Chofu, Tokyo

8,700

2.0% Jule 14, 2019 (Scheduled)

KDX Toyosu Grand Square

Koto-ku, Tokyo

8,666

2.0%

May 30, 2014

Senri Life Science Center Building

Toyonaka, Osaka

13,000

3.0%

October 15, 2014

Portus Center Building

Sakai, Osaka

September 21, 2005

Property Name

(Scheduled) Date of
Acquisition (Note 2)

5,570

1.3%

Total of 8 Office Buildings (Other)

67,975

16.0%-

Total of 96 Office Buildings

421,655

99.3%

Portfolio PML 2.30%

Shinjuku 6chome Building (Land)

2,880

0.6%

April 18, 2014

Total of 1 Others Property

Shinjuku-ku, Tokyo

2,880

0.6%

-

Total of 97 Properties

424,535

100.0%

1,107-

March 28, 2014

1,107

-

-

G. K. KRF43 Silent Partnership Equity Interest

Shinjuku-ku, Tokyo

Total of 1 Investment Security
Note 1: The (anticipated) acquisition prices and ratios are rounded down to the nearest million and first decimal place respectively.
Note 2: For the property with multiple acquisition dates due to additional acquisition, etc., the first acquisition date is shown.
Note 3: Building, site and the land for Pental Building are counted as one property.

14