February 20, 2019
For Immediate Release
Investment Corporation:
Daiwa House REIT Investment Corporation
2-4-8, Nagatacho, Chiyoda-ku, Tokyo
Jiro Kawanishi, Executive Director(TSE Code: 8984)
Asset Manager:
Daiwa House Asset Management Co., Ltd.
Koichi Tsuchida, President and CEO
Inquiries:
Haruto Tsukamoto, Director and CFO
TEL. +81-3-3595-1265

Notice Concerning Determination of Prices and Other Conditions with Regard toIssuance of New Investment Units and Secondary Offering of Investment Units
Daiwa House REIT Investment Corporation (“DHR”) hereby announces that, at a meeting of the board ofdirectors of DHR held today, DHR determined the issue price, the selling price and other conditions as outlined
below with regard to the issuance of new investment units and secondary offering of investment units resolved ata meeting of the board of directors of DHR held on February 8, 2019.
1.

Issuance of new investment units through offering(1) Number of investment
138,000 units
units to be offered
Japanese public offering:
86,900 units
International offering:
51,100 units(2) Amount to be paid in¥238,260 per unit
(issue value)(3) Total amount to be paid in¥32,879,880,000(issue value)(4) Issue price¥245,784 per unit
(offer price)(5) Total issue price¥33,918,192,000(offer price)(6) Subscription period
From Thursday, February 21, 2019 to Friday, February 22, 2019
(Japanese public offering)(7) Payment date
Friday, March 1, 2019(8) Delivery date

Monday, March 4, 2019

(Note) The underwriters purchase and underwrite at the paid-in amount (issue value) and conduct the public offering at the stated issue
price (offer price).

2.

Secondary offering (secondary offering through over-allotment)(1) Number of investment units 10,000 units
to be sold(2) Selling price¥245,784 per unit
(3) Total selling price¥2,457,840,000(4) Subscription period
From Thursday, February 21, 2019 to Friday, February 22, 2019(5) Delivery date
Monday, March 4, 2019

Disclaimer: This announcement is prepared for the public disclosure of the issuance of new investment units and secondary offering ofinvestment units of DHR and has not been prepared for the purpose of soliciting investment. This announcement does not constitute any
offer of securities in the United States of America. The securities referred to above have not been, and will not be registered under theUnited States Securities Act of 1933, as amended (the “Securities Act”). The securities may not be offered or sold in the United States
absent registration or an exemption from registration under the Securities Act. The securities referred to above will not be publicly offeredor sold in the United States.
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3.

Issuance of new investment units through third-party allotment(1) Amount to be paid in¥238,260 per unit
(issue value)(2) Total amount to be paid in¥2,382,600,000(issue value)(3) Subscription period
Monday, March 25, 2019(subscription date)(4) Payment date
Tuesday, March 26, 2019(5) The DHR investment units not subscribed by the subscription period (subscription date) stated in (3)above shall not be issued.

<Reference>
1. Calculation of issue price and selling price(1) Calculation record date and price:(2) Discount rate (Note):

Wednesday, February 20, 2019

¥ 256,100

2.00%(Note) Discount rate is calculated by deducting 5,300 yen as forecast distribution per unit of the fiscal period ending February 28,
2019 from the closing price on the calculation record date.

2.

Syndicate cover transaction period
From Saturday, February 23, 2019 to Monday, March 18, 2019.

3.

Specific use of the funds to be procured
Maximum net proceeds of ¥35,262,480,000 to be procured through the Japanese Public Offering, theInternational Offering and the Third-Party Allotment will be used to fund part of the acquisition ofspecified assets (as defined in Article 2, Paragraph 1 of the Act on Investment Trusts and Investment
Corporations; the same shall apply hereafter) listed in the press release “Notice Concerning Acquisition andLeasing of Trust Beneficiary Interests in Domestic Real Estate” dated February 8, 2019. If there are any
funds remaining, such funds will be used to reserve as cash to fund part of acquisition of specified assets orfund part of the repayment of loans in the future.
(Note) The proceeds will be deposited with financial institutions until the funds are to be outlaid.

* Distribution of this material: This material is distributed to “Kabuto Club” (a media correspondents’ club at theTokyo Stock Exchange), the press club at the Ministry of Land, Infrastructure, Transport and Tourism and thepress club for construction trade newspapers at the Ministry of Land, Infrastructure, Transport and Tourism.
* DHR’s website: https://www.daiwahouse-reit.co.jp/en/

Disclaimer: This announcement is prepared for the public disclosure of the issuance of new investment units and secondary offering ofinvestment units of DHR and has not been prepared for the purpose of soliciting investment. This announcement does not constitute any
offer of securities in the United States of America. The securities referred to above have not been, and will not be registered under theUnited States Securities Act of 1933, as amended (the “Securities Act”). The securities may not be offered or sold in the United States
absent registration or an exemption from registration under the Securities Act. The securities referred to above will not be publicly offeredor sold in the United States.
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