Translation of Japanese Original

February 7, 2020

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 (KDX Kanda Ekimae 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”) and completed it.
1. Outline of the Acquisition(1) Property Name
(2) Type of Property(3) Acquisition Price(4) Seller(5) Date of Contract(6) Date of Acquisition(7) Acquisition Funds(8) Settlement Method: KDX Kanda Ekimae Building (Note1) (“the Property”): Trust beneficiary interest in real estate: 3,300 million yen(Acquisition costs, adjustment of property tax and city-planning tax,
consumption tax, etc. are excluded.): Domestic general business corporation (non-related party): February 7, 2020
: February 7, 2020
: Cash on hand and proceeds of Investment Corporation Bonds (Note2): Payment in full on settlement

Note 1: Property name is scheduled to be changed to the above name after the acquisition by the Investment Corporation.
The property name before the acquisition is not disclosed because the seller has not given consent. The same
applies hereafter.
Note 2: Please refer to the press release, “Notice Concerning Issuance of Investment Corporation Bonds” dated January 24,2020 for details of the Investment Corporation Bonds.

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 throughexpansion of portfolio size.
In the decision to acquire the Property, which is a mid-sized office building in the Tokyo Metropolitan Area that theInvestment Corporation has focused on as main investment target, the following characteristics of the Property were
evaluated.

1(1) Location
The Kanda area, where the property is located, is mainly a high concentration of mid to high office buildings.
While multiple lines are available and access to major stations in Tokyo is excellent, the rent level is relatively
low, and mid-sized enterprises are concentrated in this area. The Property is an office building that is very
convenient for traffic and has excellent visibility in a location facing a large street, as it is located approximately
1 minute on foot from the Kanda Station on the JR Yamanote Line and on the Tokyo Metro Ginza Line.
(2) Building
The Property has a leasable floor area of about 286 m2 (about 87 tsubo) on the standard floors with ceiling heightof 2.6 m. It is equipped with OA floors (40 mm), individual air-conditioning systems, 2 elevators, 1 parking
space.
The property is relatively competitive compared to its neighborhood office buildings because of its stately appearance
due to glass-walled and black granite finish, its open feel as natural light comes in from 3 sides, and its astylar roomlayouts that are easy for tenants to use.
Through the Acquisition, the portfolio of the Investment Corporation will expand to 99 properties (total: 432.8
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 80.9% (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
Property NameKDX Kanda Ekimae Building

Type of Specified Asset

Trust beneficiary interest in real estate

Trustee

Mitsubishi UFJ Trust and Banking Corporation

Trust Term

March 18, 2004 to January 31, 2030

Current Owner (Current Beneficiary)

Domestic general business corporation

Location (Lot number)

3-7-4 Kanda Kajicho, Chiyoda-ku, Tokyo (Note 1)

Usage

OfficeType of Structure

Flat-roofed, Steel-framed structure; 8 above-ground floors

Site Area
Type ofOwnershipLand

435.14 m2 (Note 2)

Building (Total Floor Area)

2,543.00 m2

Land

Proprietary ownership

Building

Proprietary ownership

Completion Date

February 25, 1991

Architect

Atelier 8 Inc.・Oka Design OfficeConstruction Company

OBAYASHI CORPORATION

Construction Confirmation Authority

Tokyo Metropolitan Government

Probable Maximum Loss

6.47% (Sompo Risk Management Inc.)

Acquisition Price

3,300 million yen

Appraisal

Appraisal Value

3,510 million yen

Base Date for Appraisal

January 1, 2020

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 Corporation2

Property Management Company after Acquisition

Kenedix Property Management, Inc.

Details of Tenant (Office)

As of January 31, 2020

Number of End Tenants

7

Total Leasable Area

2,162.89 m2

Total Leased Area

2,162.89 m2

Occupancy Rate

100.0%

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

10 million yen (Note3)

Security and Guarantee Deposit

60 million yen (Note3)

Forecast income and expenditure(annual amount)

Please refer to “Reference Material 1” for details.

Forecast Net Operating Income

113 million yen

Forecast Net Operating Income after
Depreciation

105 million yen

Special Considerations

Not applicable

Other

Note 1: Concerning location of the Property, the residence indication has yet to be confirmed.
Note 2: A portion of the northwest adjacent land (approximately 23.32 m2) has been set witheasement for the purpose of passing the land of the property.
Note 3: 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 ofJanuary 31, 2020.

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
Not applicable for the Acquisition
7. Related Party Transaction
Concerning the following transactions with related parties in relation to the Acquisition, the Asset Management
Company fully complies with standards provided for in laws and regulations and other rules, based on the Office
REIT Department Related-party Transaction Rules. The Asset Management Company’s Office REIT Department
Asset Management Committee passed a resolution on the related-party transactions upon deliberation and resolution
at its Compliance Committee.
[Appointment of Property Management Company]
The Investment Corporation will, regarding the Property, enter into a property management agreement with
Kenedix Property Management, Inc. on the acquisition date.
The property management fee will be the same as those for other properties in the portfolio.
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 January 2020)
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, Date of Contract,
Payment Date and Delivery Date

4

February 7, 2020

9. Outlook
The impact of the Acquisition on the financial results for the fiscal period ending April 30, 2020 (November 1, 2019
to April 30, 2020) and the fiscal period ending October 31, 2020 (May 1, 2020 to October 31, 2020) is minimal.
Therefore, the forecast of financial results for the fiscal period remain unchanged.

510. Summary of Appraisal Report
Property NameKDX Kanda Ekimae Building

Appraisal Value
Appraiser
Appraisal Date

3,510,000,000 yen
Japan Real Estate Institute
January 1, 2020
Unit: Yen
Item

Content

Basis

Income Capitalization Approach Value

3,510,000,000

Value Calculated Using the
Direct Capitalization Method

3,580,000,000(1) Gross Operating Revenue
Maximum Gross Operating
Revenue

Shortfall Attributed to Vacancies(2) Operating Expenses

167,355,000

5,170,000
37,760,000
5,352,000

Utility Expenses

7,140,000

Repair Expenses

3,474,000

Property Management Fees

3,143,000

Tenant Recruit Expenses, etc.

1,221,000

Taxes and Dues

17,308,000

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

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., taking into account the contents of burden adjustment
measures, etc.
Assess an amount by considering an estimated insurance
premium, insurance premiums at similar properties, etc.

122,0000

No particular expenses to be recognized

129,595,000
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

784,000(5) Capital Expenditure

8,690,000(6) Net Cash Flow
(NCF=(3)+(4)-(5))

121,689,000(7) Capitalization Rate

3.4%

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

172,525,000

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

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.

3,430,000,000

Discount Rate

3.1%

Terminal Capitalization Rate

3.5%

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

6

Value Calculated Using the Cost Method
Land
Building

3,290,000,000
93.0%
7.0%

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

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

3.9%

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 acquisition price (3,300 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
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 February 7, 2020. However, noassurance or warranties are given for the completeness or accuracy of this English translation.

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

149

B. Projected Operating Expense(Excluding Depreciation Expense)36

C. Projected NOI (A-B)

113

D. Projected Depreciation Expense

7

E. Projected NOI after Depreciation (C-D)

105

F. Projected Occupancy Rate

97%

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

October 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

138,976,000

Replacement Value

809,000,000* 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.

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Reference Material 3
Property Photographs and Property Location【Property Photographs】

10

【Property Location】

11

Reference Material 4
Property Portfolio after the Acquisition
As of February 7, 2020
Type of Use

Office Buildings(Mid-size)

Area

5 Central Wardsof Tokyo

Property Name

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

Ratio(Note 1)

(Scheduled) Date of
Acquisition (Note 2)

KDX Hamamatsucho Place

Minato-ku, Tokyo

20,700

4.7%

July 2, 2018

KDX Toranomon 1chome Building

Minato-ku, Tokyo

15,5503.5%

March 30, 2016

KDX Harumi Building

Chuo-ku, Tokyo

10,2502.3%

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

1.5%

February 18, 2010

KDX Ochanomizu Building

Chiyoda-ku, Tokyo

6,400

1.4%

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

1.3%

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

1.0%

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

0.9%

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

0.8%

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

0.7%

May 1, 2006

KDX Kanda Ekimae Building

Chiyoda-ku, Tokyo

3,300

0.7%

February 7, 2020

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

KDX Kanda Kitaguchi 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, 201612

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

12,0002.7%

March 20, 2014

KDX Yokohama Kannai Building

Yokohama, Kanagawa

9,500

2.1%

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

1.6%

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

Tosabori Prime

Osaka, Osaka

5,000

1.1%

January 31, 2020

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

361,979

83.6%-

Total of 90 Office Buildings (Mid-size)

13

Type of Use

Area

5 Central Wardsof Tokyo

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

Other
Regional Areas

Ginza 4chome Tower

Chuo-ku, Tokyo

9,800

2.2%

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

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

5,570

1.2%

September 21, 2005

67,975

15.7%-

429,955

99.3%

Portfolio PML 2.30%

2,880

0.6%

April 18, 2014

Total of 1 Others Property

2,880

0.6%

-

Total of 99 Properties

432,835

100.0%

1,107-

March 28, 2014

1,107

-

-

Total of 98 Office Buildings
OthersInvestment Security

5 Central Wardsof Tokyo(Scheduled) Date of
Acquisition (Note 2)(Anticipated) Acquisition Price(million yen) (Note 1)

Total of 8 Office Buildings (Other)

5 Central Wardsof Tokyo

Ratio(Note 1)

Location

Property Name

Shinjuku 6chome Building (Land)

Shinjuku-ku, Tokyo

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