Translation of Japanese Original
January 29, 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 (Tosabori Prime)
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
: Tosabori Prime (“the Property”)(2) Type of Property to be Acquired : Trust beneficiary interest in real estate(3) Anticipated Acquisition Price: 5,000 million yen(Acquisition costs, adjustment of property tax and city-planning tax,
consumption tax, etc. are excluded.)(4) Seller: Tosca TMK (non-related party)(5) Date of Contract: January 29, 2020
(6) Scheduled Date of Acquisition: January 31, 2020
(7) Acquisition Funds: Borrowings (Note)(8) Settlement Method: Payment in full on settlement
Note: Please refer to the press release, “Notice Concerning Debt Financing (Series 170 and 171) and Execution ofInterest Rate Swap Agreements” dated today for details on the borrowings.

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 that the Investment Corporation has
focused on as main investment target, the following characteristics of the Property were evaluated.

1(1) Location
The Property is an office building with excellent visibility and faces Tosabori-dori street where office buildings
stand in a line and located approximately 5 minutes on foot from Higobashi Station on the Osaka Metro
Yotsubashi Line, and approximately 9 minutes on foot from Nakanoshima Station on the Keihan NakanoshimaLine.
The Higobashi area, where the Property is located, is adjacent to the Yodoyabashi area, one of the office districts
representing Osaka City, and has excellent access to Umeda which has experienced remarkable changes inrecent years and Nakanoshima, where industry, government, and academia in Osaka have collaborated toestablish regenerative medicine as an international hub.
In the future, the Naniwasuji Line linking Umeda and Kansai International Airport is planned to open in theneighborhood of the Property, and further enhancement of traffic convenience and vitalization are expected.
(2) Building
The Property has a leasable floor area of about 619 m2 (about 187 tsubo) on the standard floors with ceilingheight of 2.5 m. It is equipped with OA floors (50 mm), individual air-conditioning systems (tenant areas), 3
elevators, multistory parking garages with 40 parking spaces and 2 flat parking spaces.
The shape of the rental rooms are almost rectangular and can accommodate various office layouts, allowing forflexible leasing that meets various tenant needs. In addition, the common areas such as the entrance, common
corridors and elevator halls were renovated in large-scale in 2018, and reasonable competitiveness is secured.
Through the Acquisition, the portfolio of the Investment Corporation will expand to 98 properties (total: 429.5
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 80.8% (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

Tosabori Prime

Type of Specified Asset

Trust beneficiary interest in real estate

Trustee

SMBC Trust Bank Ltd.

Trust Term

March 27, 2018 to March 31, 2028

Current Owner (Current Beneficiary)

Tosca TMK

Location (Address)

1-5-11 Tosabori, Nishi-ku, Osaka, Osaka

Usage

Office, Parking
Flat-roofed, Steel-framed reinforced concrete structure; 10
above-ground floors with 1 underground floor
993.68 m2

Type of Structure
Site Area
Type ofOwnership

Land
Land

8,307.73 m2
Proprietary ownership

Building

Proprietary ownership

Building (Total Floor Area)

Completion Date

October 27, 1987

Architect

SHIMIZU CORPORATION

Construction Company

SHIMIZU CORPORATION, etc.

Construction Confirmation Authority

Osaka prefecture Government

Probable Maximum Loss

11.57% (Sompo Risk Management Inc.)

Anticipated Acquisition Price

5,000 million yen

Appraisal

Appraisal Value

5,100 million yen

Base Date for Appraisal

January 1, 2020

Appraiser

Japan Real Estate InstituteDetails

Please refer to “10. Summary of Appraisal Report” below.
2

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 December 31, 2019

Number of End Tenants

9

Total Leasable Area

5,635.39 m2

Total Leased Area

5,635.39 m2

Occupancy Rate

100.0%

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

19 million yen (Note)

Security and Guarantee Deposit

216 million yen (Note)

Forecast income and expenditure(annual amount)
Forecast Net Operating Income

Please refer to “Reference Material 1” for details.
211 million yen

Forecast Net Operating Income after
176 million yen
Depreciation
The boundary with the neighboring land on the north side of the Property has not beenSpecial Considerations
concluded in a written confirmation with owners of the said land. However, noconflicts, etc. have arisen to date with the said owners.
Other

Note: Figures include the total amount of monthly rent, common area charge, and security andguarantee deposit for the end-tenants for which the lease period has started as ofDecember 31, 2019.

3

4. Seller’s Profile
Company Name
Location
Name and Title of Representative

Tosca TMK
1-6-11 Ginza, Chuo-ku, Tokyo
Takeshi Nakamura, Director
1. Business related to acquisition, management and disposition of
specified assets pursuant to asset securitization plans based on the Act
Description of Businesson Securitization of Assets
2. Other businesses pertaining to the securitization of the above
specified assets
Amount of Specified Capital
100 thousand yen (as of December 31, 2019)
Date of Incorporation
March 1, 2018
Net Assets
Not disclosed due to the seller’s request
Total Assets
Not disclosed due to the seller’s request
Relationship with the Investment Corporation / the Asset Management Company
There is no special capital relationship between the Investment
Capital Relationship
Corporation or the Asset Management Company.
There is no special personnel relationship between the Investment
Personnel Relationship
Corporation or the Asset Management Company.
There is no special business relationship between the Investment
Business Relationship
Corporation or the Asset Management Company.
Applicability of Related Party
Relationships

The seller is not a related party, etc. as defined in the Act on Investment
Trusts and Investment Corporations (“the Investment Trust Act”) and nota related party as defined in the Office REIT Department Related-party
Transaction Rules of the Asset Management 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 scheduled acquisition date.
The property management fee will be the same as those for other properties in the portfolio.

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 December 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

January 29, 2020

Payment Date and Delivery Date

January 31, 2020 (Planned)

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 Name

Tosabori Prime

Appraisal Value
Appraiser
Appraisal Date

5,100,000,000 yen
Japan Real Estate Institute
January 1, 2020
Unit: Yen
Item

Content

Income Capitalization Approach Value

5,100,000,000

Value Calculated Using the
Direct Capitalization Method

5,170,000,000(1) Gross Operating Revenue
Maximum Gross Operating
Revenue

Shortfall Attributed to Vacancies(2) Operating Expenses

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

322,499,000

10,522,000
88,917,000
17,890,000

Utility Expenses

28,590,000

Repair Expenses

5,639,000

Property Management Fees

6,240,000

Tenant Recruit Expenses, etc.

2,675,000

Taxes and Dues

27,444,000

Damage Insurance Fees

414,000

Other Expenses

25,000Assess 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.
Recognize bank transfer fees as Other Expenses

223,060,000
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

2,778,000(5) Capital Expenditure

13,710,000(6) Net Cash Flow
(NCF=(3)+(4)-(5))

212,128,000(7) Capitalization Rate

4.1%

Value Calculated Using the
Discounted Cash Flow Method

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

311,977,000

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

Basis

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.

5,020,000,000

Discount Rate

3.8%

Terminal Capitalization Rate

4.2%

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

4,140,000,000
81.1%
18.9%

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

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

4.5%

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 (5,000 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 January 29, 2020. 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

297

B. Projected Operating Expense(Excluding Depreciation Expense)85

C. Projected NOI (A-B)

211

D. Projected Depreciation Expense

35

E. Projected NOI after Depreciation (C-D)

176

F. Projected Occupancy Rate

96%

Assumptions of Projected Cash Flow:1.

The above each figure is an estimate for one year and is exclusive of extraordinary factors from the year ofacquisition.
2. Revenue includes ancillary revenue except monthly rent and common area charge.
3. Expense includes property management fees, taxes and dues, repairs and maintenance expenses, andinsurance premiums, etc.
4. 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

December 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

225,568,000

Replacement Value

2,776,000,000* 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.

9

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

10

【Property Location】

11

Reference Material 4
Property Portfolio after the Acquisition
As of January 31, 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

4.8%

July 2, 2018

KDX Toranomon 1chome Building

Minato-ku, Tokyo

15,5503.6%

March 30, 2016

KDX Harumi Building

Chuo-ku, Tokyo

10,2502.3%

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

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

0.8%

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

0.8%

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

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

2.2%

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
June 1, 2007

KDX Karasuma Building

Kyoto, Kyoto

5,400

1.2%

Tosabori Prime

Osaka, Osaka

5,000

1.1% January 31, 2020 (Scheduled)

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

358,679

83.5%-

Total of 89 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

OthersInvestment Security

5 Central Wardsof Tokyo

5 Central Wardsof Tokyo

Property Name

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

Ratio(Note 1)

(Scheduled) Date of
Acquisition (Note 2)

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

September 21, 2005

5,570

1.2%

Total of 8 Office Buildings (Other)

67,975

15.8%-

Total of 97 Office Buildings

426,655

99.3%

Portfolio PML 2.29%

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 98 Properties

429,535

100.0%

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

1,107

-

March 28, 2014

1,107

-

-