Company Information

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Message
Always as a partner of choice to global capital– now and beyond.

Tosei Asset Advisors is a wholly-owned subsidiary of Tosei Corporation. We operate in multiple areas such as asset management and CRE advisory as an entity in
the Tosei Group’s real estate fund and consulting business.
Since inception, we have managed client’s real estate portfolios in our private fund division and have exerted efforts to meet client expectations. With extensive
support from our stakeholders, we have built a strong market position. We sincerely express our appreciation.

Our AUM is now over 2.3 trillion yen.
By capitalizing on experience in private funds, Tosei Reit Investment Corporation went public on the Tokyo Stock Exchange in 2014. It has conducted public
offerings each year since 2015 and has expanded its portfolio considerably.

We will continue extending our efforts in realizing the best interest of our clients and unitholders.
We look forward to your continued support and encouragement in the years ahead.

July 2024
President & Representative Director
Yoshiyuki Tsukada

2Who we are:•Tosei Asset Advisors (TAA) is a wholly-owned subsidiary, whose parent, Tosei, is a medium-sizeddeveloper listed on the Tokyo and Singapore Stock Exchange.
•TAA manages various separate accounts for international and domestic clients including Corporate Real
Estate Advisory as well as publicly listed J-REIT.

•TAA is ranked as No.1 in terms of AUM as discretionary AM & advice AM, and discretionary AM.
(Private Fund Only)•TAA has about 150 people engaged in full-scale asset management.
•TAA is involved in sourcing (for office, residential, retail, hotel, and logistics), structuring, execution,
reporting, and development (if clients request)

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ContentsI.

Our Business
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II.

Assets Under Management ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・
Ranking by AUM
・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・
Tosei Reit
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P. 7
P. 9

Approach on ESG◼

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Acquisition of external certification related to ESG ・・・・・・・・・・・・・・・・・・・・・・・・・・・・ ・ ・Approach on ESG
・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・

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III. Corporate Profile◼

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Corporate Profile
Organization Chart

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Ⅰ. Our Asset Management Business

5Asset Under Management Track Record

Total: 2,341.7 billion yen

JPY m illion** AM：Includes discretionary investment management, investment advisory, SUB-AM services, and others.
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as of May 31, 2024

Ranking by AUM (Private Fund Only)
Discretionary Investment Management & Investment Advice0

1st 1, 961,698M JPY

400

800

“The 1st largest AUM”
Billion
JPY

1,200 1,600 2,000 2,400

Discretionary Investment Management
1st 1,237,759M JPY

0

200

400

600

BillionJPY

800 1,000 1,200 1,400

Tosei Asset Advisors,Inc.

Tosei Asset Advisors,Inc.

Real Link International…

Mizuho Real Estate Management Co.,…

SPC Asset Management Inc.

Tokyu Land Capital Management

Goodman Japan Funds Limited.

Real Link International Investment…

Tokyu Land Capital…

Kenedix Investment Partners, Inc.

Mitsubishi UFJ Trust and…

Tokyo TATEMONO Investment…

EGW Asset Management Inc.

PAG Investment Management Limited

Tokyo TATEMONO…

Goldman Sachs Asset Management

Mitsui Fudosan Investment…

EGW Asset Management Inc.

BentallGreenOak

SPC Asset Management Inc.

Mizuho Real Estate…

DBJ Asset Management Co., Ltd.
ORIX Real Estate Investment…

Mitsui & Co. Digital Asset…

Mitsubishi Jisho Investment Advisors,…

Kenedix Investment Partners,…

Daiwa House Real Estate Investment…

PAG Investment Management…

Mitsubishi UFJ Trust and Banking…

Sumitomo Mitsui Trust Real…
KOWA REAL ESTATE…

Goodman Japan Funds Limited.
KOWA REAL ESTATE…

PGIM Real Estate Japan

DBJ Asset Management Co., Ltd.

Star Asia Asset Advisors Co., Ltd.
CBRE K.K.

ORIX Real Estate Investment…

Diamond Realty Management

Goldman Sachs Asset…

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Source: Japan Investment Advisors Association “Asset Under Management ” as of March 2024

Respond to various targeted assets and customer needs
AUM by asset type

AUM by region

AUM by customer type

Experiences in various asset
types

Nationwide reach withfocus
in 23 Wards

Appointed by various
profiles for successful
leasing and divestment

as of May 31, 20248

Tosei Reit ~Overview~
Tosei Reit is a diversified REIT that invests in real estate primarily in the Tokyo metropolitan area
by utilizing the strengths and support of the Tosei Group
Basic Information(As of July 31, 2024)

Investment Target

Area

Size

Centering on the Tokyo
metropolitan area

Small and medium size

Investment
corporation name

Tosei Reit Investment
Corporation (TSR)

Offices, Retail facilities,
Residential properties andLogistics facilities(Tokyo, Kanagawa, Saitama and Chiba)

ListedSecurities code:3451
November 27, 2014

Portfolio Composition
by Property Type(acquisition price basis)

Portfolio Composition
by Area(acquisition price basis)

Settlement ofaccounts

April and October(cash distributions
paid in July andJanuary)Type of assets under
Diversified
management

Major Regional
Cities0.9%

Tokyo 5 central wards(*)
4.7%

Investment Ratio
by Property(acquisition price basis)
4.6%
5.0%

3.4%
18.1%

42.9%

Tokyo
metropolitan
areaareaTokyo
metropolitan(excluding Tokyo 23 wards)(excluding Tokyo 23 wards)

Retailfac ilitie s
Retailfacilities
7.2%

79.4%

76.3%

(*) “Tokyo 5 central wards” collect ively
refers to Chiyoda, Chuo, Minato, Shinjuku

Tosei Corporation

Sponsor(Prime Market of the TSE:
Securities Code 8923; Singapore
Exchange: Securiti es Code S2D)

Asset size

62 properties
82.7 billion yen(acquisition pricebasis)

Credit Ratings

Japan Credit Rating
Agency, Ltd.（JCR）
A (Stable)

Top 5
Pr operties
Total 20.6%

4.1%
3.6%

Tokyo 23 wards(excluding Tokyo
5 central wards)

Residential
Residential
Of
fic esproperties
Offices
properties
49.9%(¥5.0 BN or less in principle)

and Shibuya wards.

Kannai Tosei Building II

T’s garden Nishiterao

NU Kannai Building
Tama Center Tosei Building

SEA SCAPE Chiba Minato
Other

Investment management that utilizes the strengths and support of Tosei Corporation
Tosei Corporation’s 3 Strengths[Good Judgement]

The know-how to comprehensively assess an investment
property based on factors including location, size, age,facilities/specifications and structure, and to assess aproperty’s competitiveness and potential as a rental
property[Leasing Capability]

The know-how to raise the level of satisfaction among
tenants through appropriate management of investment
properties, and improve and/or maintain occupancy rates
with leasing activities that match a property’s specificfeatures[Revitalization Capability]

The know-how to improve and/or maintain thecompetitiveness of a property by assessing the property’s
current competitiveness in the market, followed by
performing any necessary refurbishments or renovations
at the appropriate time

Tosei Reit website: https://tosei-reit.co.jp /en/9

Tosei Reit ~Asset Management Status~ As of July 31, 2024
Asset size: 82.7 billion yen, 62 properties (17 Offices, 3 Retail facilities and 42 Residential properties)
Property
No.

Property Name

Address

Property
No.

Property Name

Address

O-01

Tama Cen ter Tosei Building

Tama-shi,Tokyo

Rd-14 Lumier e No.3

Kawagu chi-shi, Sa itama

O-02

KM Shinjuku Buildin gShin juku-ku, Tokyo

Rd-15 T’s gar den Nishifunab ash i

Funaba shi-shi, Chiba

O-03

Nihonba shi-Hamacho Building

Chuo-ku, Tokyo

Rd-16 Qu est Yamatedai

Yokoha ma-shi, Ka nagawa

O-04

Kan nai Tosei Buildin g II

Yokoha ma-shi, Ka nagawa

Rd-17 San cer re Yonoho nmach i

Saitama-shi, Sa itama

O-05

Nish i Ka sai Tosei B uilding

Edo gawa-ku, Tokyo

Rd-18 Risin g P lace Ka wasaki No.2

Kawasaki-shi, Ka nagawa

O-06

Shin Yo koh ama Center Build ing

Yokoha ma-shi, Ka nagawa

Rd-19 J P alace S aku radai

Nerima-ku, Tokyo

O-07

Nish idai NC Building

Ita bashi-ku, Tokyo

Rd-20 Per son nage Yokohama

Yokoha ma-shi, Ka nagawa

O-08

JPT Motomachi Building

Yokoha ma-shi, Ka nagawa

Rd-21 T’s gar den Nishiha chio ji West

Hachioji-shi, Tokyo

O-09

Hakusa n A san omi Bu ilding

Bun kyo-ku, Tokyo

Rd-22 T’s gar den Ojima

Koto-ku, Tokyo

O-10

Chojamachi Du o B uilding

Yokoha ma-shi, Ka nagawa

Rd-23 T’s gar den Kitaka shiwa

Kashiwa-shi, Chiba

O-11

NU Kan nai Building

Yokoha ma-shi, Ka nagawa

Rd-24 Century Urawa

Saitama-shi, Sa itama

O-12

Higashitotsuka West Building

Yokoha ma-shi, Ka nagawa

Rd-25 T’s gar den Na gayama

Tama-shi, Tokyo

O-13

Kan nai Wise Buildin g

Yokoha ma-shi, Ka nagawa

Rd-26 Gr andeur Fujimino

Fujimi-shi, Sa itama

O-14

Hon-Atsugi Tosei Buildin g

Atsugi-shi, Ka nagawa

Rd-27 T’s gar den Hitotsubashi-gakuen

Kod aira-shi, Tokyo

O-15

Hachioji Tosei Buildin g

Hachioji-shi, Tokyo

Rd-28 T’s gar den Warabi II

Kawagu chi-shi, S aita ma

O-16

Hon-Atsugi Tosei Build ing II

Atsugi-shi, K anagawa

Rd-29 T’s gar den Warabi III

Kawagu chi-shi, S aita ma

O-17

Chiba-Chuo Tosei Build ing

Chiba-shi,Chib a

Rd-30 T’s gar den Kashiwa

Kashiwa-shi, Chiba

Rt-01

Inage Kaig an Building

Chiba-shi,Chib a

Rd-31 Sun ing Kita ma tsudo

Matsu do-shi, Chiba

Rt-02

Musashi Fujisawa Tosei Buildin g Iruma-shi, S aita ma

Rd-32 T’s gar den Ta nashi

Nish itokyo-shi, Tokyo

Rt-04

Wako Building

Chiba-shi,Chib a

Rd-33 T’s gar den Ce nte r Mina mi

Yokoha ma-shi, K anagawa

Rd-01 T’s gar den Koenji

Sug inami-ku, Tokyo

Rd-34 Bou leva rd Ma ioka

Yokoha ma-shi, K anagawa

Rd-02 Live Akabane

Kita-ku, Tokyo

Rd-35 T’s gar den Koiwa

Edo gawa-ku, Tokyo

Rd-03 Ge kkocho Apartment

Megur o-ku, Tokyo

Rd-36 T‘s gar den Tsuzuki-fureain ooka II Yokoha ma-shi, K anagawa

Rd-04 T’s gar den Kawasakid aish i

Kawasaki-shi, Kan agawa

Rd-37 Cerulea n City

Higashikurume-shi, Tokyo

Rd-05 Abitato Kamata

Ota-ku, Tokyo

Rd-38 T’s gar den K osh igaya-Ob uku ro

Koshiga ya-shi, Sa itama

Rd-07 Avenir Shir ota e

Yokoha ma-shi, Ka nagawa

Rd-39 T’s gar den Kajig aya

Kawasaki-shi, K anagawa

Rd-08 Dormitory Haramachida

Machida-shi, Tokyo

Rd-40 T’s gar den Tsuzuki-fureain ooka

Yokoha ma-shi, K anagawa

Rd-09 SEA SCAPE Chiba Minato

Chiba-shi, Chiba

Rd-41 Gr een Star Heig hts

Ara kawa-ku, Tokyo

Rd-11 T’s gar den Shinkoiwa

Katsushika-ku Tokyo

Rd-42 Sun house Nonami

Nagoya-shi, A ichi

Rd-12 Twin Avenu e

Nerima-ku, Tokyo

Rd-43 T’s gar den Nish iter ao

Yokoha ma-shi, K anagawa

Rd-13 Milesto ne Higa shikuru me

Higashikurume-shi, Tokyo

Rd-44 Route Sag amigaoka

Zama-shi, K anagawa

10・Tokyo 24, Kanagawa 21, Saitama 8, Chiba 8

NagoyaSakae

FushimiKanayama

Residential properties

・Aichi 1

Ⅱ. Approach on ESG

11Acquisition of external certification related to ESG
REIT Division

Private Fund Division～Acquired green building certification for 17 properties

Acquired GRESB and green building certification for two funds

Acquisition of Environmental Certifications（ April 2024 ）Office building in Sumida Ward

Rising Place Kawasaki No.2

Prop erty Name

Prop erty TypeDBJ Gre en Building
Certification

BEL S

Cer tification Acquisition Cer tification Acquisition
Rank
Date
Rank
Date
Gekkocho Apa rtm ent

Reside ntial proper ties★★ ★★

Oct. 2022--

Nishi Kasai Tose i Building

Offices★★

Nov. 2022★★ ★

Apr. 2022

Shin Yokoha ma Center Building

Offices

-

-

★★ ★

Aug. 2015

T's garden Koe nji

Reside ntial proper ties★★ ★

Oct. 2023--

SEA SCAPE Chiba Minato

Reside ntial proper ties★★ ★

Apr. 2022--

Twin Avenue

Reside ntial proper ties★★ ★

Oct. 2022--

Rising Place Kawasa ki No.2

Reside ntial proper ties★★ ★

Apr. 2024--

T's garden Kitakashiwa No.3 Building

Reside ntial proper ties★★ ★

Feb. 2024--

Kannai Tose i Building II

Offices★★

Feb. 2024--

Nishidai NC Building

Offices★★

Nov. 2022--

Tam a Center Tose i Building

Offices★

Feb. 2024--

Nihonbashi-Hamac ho Building

Offices★

Oct. 2022--

NU Kannai Building

Offices★

Apr. 2022--

Higashitotsuka West Building

Offices★

Apr. 2022--

Kannai Wise Building

Offices★

Apr. 2023--

Hachioji Tose i Building

Offices★

Apr. 2023--

Lum ie re No.3

Reside ntial proper ties★

Oct. 2023

-

-

•
•
•

Office building in Yokohama CityGRESB is an annual benchmark which measures environmental, social, and governance (“ESG”) considerations in real assets including real estate and infrastructure．
DBJ Green Building Certification is a certification system established by the Development Bank of Japan (DBJ) in April 2011 to support real estate (“Green Buildings”) with highenvironmental and social awareness.
BELS is based on Guidelines established by the Ministry of Land, Infrastructure, Transport and Tourism., It is an evaluation and indication of energy conservation performance, etc.

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Environmental Initiatives at an Office Building
REIT Division

Private Fund Division

Environmental Initiatives at Nishidai NCBuilding

Environmental Initiatives at an Office Building in Yokohama Cit y

Structure

SRC

No. of floors

B1/7F

Constructed

1992

Gross floorarea

6,214㎡

・Realization of energy-saving throughboosting of air-conditioning efficiency byinstalling energy recovery ventilators on all
floors・Construction work for water -saving(automatic faucets for hand basins in
restrooms, etc.)
・Environmental consideration throughwaste reduction achieved throughconstruction work for extending useful lifeof buildings based on long-term repair
plans
・Greening of building exterior・Monitoring of energy data・Implementation of tenant questionnaires
・Posting of waste reduction and separation
posters in common areas
・Posting of posters encouraging use ofstairs・Distribution of sustainability guideoutlining environmental consideration
matters to all tenants
・Implementation of ESG training of all
tenants
・Conclusion of memorandum inaccordance with the lease agreements
containing environmental consideration
clauses

Structure

SRC /steel

No. of floors

B1/18F

Constructed

1993

Gross floor
area

50,304㎡

13•Developed “Yokohama City Office Building ESG Plan”
and “Environmental Management Plan”•Installed LED lights (3,432 units)•Renovated for water conservation (lavatories)•Saved electricity through the installation of inverter•Quarterly monitoring of energy, water consumption, GHG
emissions and waste emissions•Confirmation of the accuracy of the data on energy andwater consumption, GHG emissions, etc. by an external
contractor.
•Conducted energy conservation diagnostics•Conducted environmental risk assessment•Assessed subcontractors for green procurement•Optimized the environment inside the building andmanaged its energy by implementing the BEMS (Building
Energy Management System)•Distributed sustainability guide including environmental
consideration matters to tenants•Posted environmental conservation educational posters
in common-use spaces•Concluded a green lease agreement (a lease contract
which includes articles on environmental consideration)•Energy management
Reduced energy consumption, GHG emissions, andwater consumption by 5% over 5 years, 1% reduction perunit year
2.5% reduction waste emissions over five years, 0.5%
reduction each year

Ⅲ. Corporate Profile

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Corporate Profile
Company Name

Tosei Asset Advisors, Inc.

Address

Tamachi Tosei Bldg, 4-5-4 Shibaura, Minato-ku, Tokyo

Capital

100 million yen

President

Yoshiyuki Tsukada(President & Representative Director)

Fiscal Year End
Employees
Field of Business

Licenses

Membership

November 30
159 (As of July 1, 2024)
Investment Management Business■ Type II Financial Instrument, Investment Advisor and Agency（Financial Instrument andExchange law / Director of Kanto Financial Bureau Registration No.363)■ Discretionary Investment Management（Ministry of Land, Infrastructure and Transport No.52）■ Real Estate Business License（Governor of Tokyo（4）No. 85736）■ Real Estate Specified Joint Enterprise Act

The Japan Investment Advisers Association
The Investment Trusts Association, Japan
Type II Financial Instruments Firms Association
The Association For Real Estate Securitization
National Association for Real Estate Transaction Guaranty

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Asset Manager Profile

Officers

QualifiedProfessionals■President & CEO
Yoshiyuki Tsukada■Director ,Managing Executive Officer
Eiji Kouya-Division Head of Private Fund Division(in charge of Business Development Department No.2, Structured Finance Department, Principal Investment Department)-General Manager of Business Development Department No.1
■Director (part-time)
Noboru Hirano■Independent Director
Takafumi Konishi■Auditor
Yoichi Matsuzaki■Executive officer
Yoshitaka Kuze
-Deputy General Manager of Private Fund Division-Division Head of Asset Management Business headquarter No.1
■Executive officer
Kouji Shibata-Deputy General Manager of Private Fund Division (in charge of Facility Management Department)-Division Head of Asset Management Business headquarter No.2
■Executive officer
Takehisa Sasazawa-Deputy General Manager of Private Fund Division-Division Head of Fund Management Business headquarters
General Manager of Fund Management Department No.2

■ Real estate transaction agent■ Real estate consulting master■ ARES Certified Master■ First class architect■ Real estate appraiser■ Certified Certified Building Administrator

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113
11
34
3
2
10

As of July 1, 2024

Organization Chart

As of June14, 2024

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Disclaimer

1. This document is provided for general discussion purposes only and is not intended to be a solicitation forinvestment or other type of transaction related to the individual matters described herein. In addition, theexecution of the matters described herein is subject to the future decisions of each decision-making bodyof Tosei Asset Advisors, Inc. and any other relevant parties.
2. This document is provided only for your interest and internal use. You may not disclose the contents
described herein to any third party. Any matters described herein may not be used for any purpose otherthan as described above without the prior written consent of Tosei Corporation and Tosei Asset Advisors,
Inc.

Notwithstanding the above, you and Tosei Asset Advisors, Inc. may disclose confidential information
regarding this transaction to the persons described below (the “Information Recipients”) to the extent
necessary to consider this transaction. If you or Tosei Asset Advisors, Inc. disclose confidential
information to the Information Recipients in accordance with the above, the disclosing party shall ensurethat the Information Recipients are also subject to equivalent confidentiality obligations.
(1) its directors and employees (limited to the persons related to this transaction)(2) directors of subsidiaries or affiliated companies of you or Tosei Asset Advisors, Inc.
(limited to the persons related to this transaction)(3) lawyers, certified public accountants, certified tax accountants, real estate appraisers or any otheroutside experts who are subject to confidentiality obligations in the course of their duties.

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TEL：+81-3-5439-8711
FAX：+81-3-5439-8716
URL : https://tosei-asset.co.jp/en/

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