August 31, 2006
For Translation Purpose Only
MID REIT, Inc.
1-4-4 Doujimahama, Kita-ku, Osaka
Yukinobu Izumi
Executive Officer(Securities Code: 3227)
Inquiries:
MID REIT Management Co., Ltd.
Hiroshi Uemura
Director
General Manager, Planning & Finance Division
TEL. +81-6-6456-0700

Notice Regarding Acquisition of Properties
MID REIT, Inc. (hereafter “MID REIT”) today acquired the following properties, detailed
below.
1. Reason for Acquisition
Upon the start of asset management operations by MID REIT, and in accordance withthe targeted assets and investment policies stipulated in its articles of incorporation,
MID REIT today acquired the nine properties recorded in its Prospectus Concerning
the Issue and Sale of New Investment Units (published in July 2006).
2. Acquisition Overview(1) Assets acquired: Trust beneficiary interest in entrusted real estate (Trustbeneficiary interest in real estate) for nine properties
Property
Number
1-1
1-2
23
4
5
6
7
89Property Name
Twin 21
Twin 21 (Partial limited
land rights)
Matsushita IMP Building
Matsushita Denko Building
Midosuji MID Building
Higashinoda MID Building
Kyobashi MID Building
MID ShibakanasugibashiBuildingKonamiSportsClubKyobashi
AEONTsudanuma
Shopping CenterAcquisitionPriceSeller(¥Millions)
61,700 MID Urban Development Co., Ltd.
7,000 Matsushita Electric Industrial Co., Ltd.
24,600
7,620
7,500
2,300
5,690
1,160

MID Asset Holdings TMK Limited
MID Urban Development Co., Ltd.
Matsushita Electric Industrial Co., Ltd.
MID Asset Holdings TMK Limited
MID Asset Holdings TMK Limited
MID Asset Holdings TMK Limited

2,780 MID Asset Holdings TMK Limited
26,100 MID Asset Holdings TMK Limited

Note: This press release provides information regarding MID REIT’s acquisition of properties, and is not prepared as an inducement orinvitation for investment. All readers are advised to consult their own investment advisors before investing in MID REIT. Investment
decisions are investors’ sole discretion and responsibility and are made at their own risk. MID REIT and its affiliates disclaim any
responsibility or liability for the consequence of investment in MID REIT.

Total146,450*Note: Through the acquisition of trust beneficiary interest for Twin 21 and partial
limited rights to the land of Twin 21, MID REIT owns trust beneficiary interest
covering the entire building and land area.
(2) Acquisition date: August 31, 2006
(3) Funding: Cash received through the issue and public offering of investment units,
and a portion of borrowings (term loans) described in the press release of August29, 2006 regarding borrowings.
3. Details of Properties Acquired
Details of the assets acquired are as follows. For more full and specific details, pleaserefer to MID REIT’s Prospectus Concerning the Issue and Sale of New Investment
Units (published in July 2006), part two “Fund Information,” chapter two “Investment
Policies,” section two “Targets of Investment,” point three “Overview of Assets
Scheduled for Acquisition.”
Trust beneficiary interest in entrusted real estate (Trust beneficiary interest in realestate)
1-1 Twin 21
Type of Asset
Trust beneficiary interest in real estate
Trustee
The Sumitomo Trust & Banking Co.,Ltd.
Trust Expiration Date
March 31, 2017
Location (Residential Address)
2-1-61 Shiromi, Chuo-ku, Osaka
Use
Offices, retail facilities, machineroom, parking, conference hall
Structure
B1/38F building of steel- reinforced
concrete (SRC) and sheet glass;
B1/6F building of steel(S); B1
structure of reinforced concrete (RC);and B1 structure of RC and copper
sheet
Site Area
Total Site Area
28,163.07m2 (note 2)
Total Floor Area 146,034.98m2
Type of OwnershipLand
Fee simple
Building
Fee simple
Completion Date
March 14, 1986
Probable Maximum Loss (PML)
3.2%
Acquisition Price¥61,700 million
Appraisal
Appraisal Value ¥61,700 million
Appraisal Date
April 1, 2006
Appraiser
Morii Appraisal & Investment
Consulting, Inc.
*1 Information for “Use,” “Structure,” “Total Site Area,” “Total Floor Area” and“Completion Date” is based upon that recorded in MID REIT’s registered documents.
Expressed as a percentage, PML indicates [total estimated loss for a building in
proportion to an exceedance probability of 0.211% (reoccurrence period of once in

Note: This press release provides information regarding MID REIT’s acquisition of properties, and is not prepared as an inducement orinvitation for investment. All readers are advised to consult their own investment advisors before investing in MID REIT. Investment
decisions are investors’ sole discretion and responsibility and are made at their own risk. MID REIT and its affiliates disclaim any
responsibility or liability for the consequence of investment in MID REIT.

475 years)]/procurement costs for restoring expected damages to the building. Theequation was calculated based upon the “Risk Curve” developed by Engineering Risk& Services Corporation and OYO RMS Corporation. The Risk Curve indicates therelationship between the total loss amount upon the occurrence of an earthquake andthe annual exceedance probability. However, figures for estimated loss represent directloss only to the building (structural and non-structural materials, building equipment) asa result of an earthquake and do not include secondary damages such as that toequipment, furniture and fixtures, losses incurred due to water or fire following anearthquake, compensation to victims or operating losses due to the interruption ofbusiness operations. These notes also apply to all acquisition assets listed below.
*2 Includes the site area for Twin 21 (partial limited rights to land)
1-2 Twin 21 (partial limited rights to land)
Type of Asset
Trustee
Trust Expiration DateLocation (Residential Address)
UseStructure
Site Area
Total Site Area
Total Floor Area
Type of Ownership
Land
Building
Completion Date
PML
Acquisition PriceAppraisal
Appraisal Value
Appraisal Date
Appraiser
2 Matsushita IMP Building
Type of Asset
Trustee
Trust Expiration Date
Location (Residential Address)
UseStructure
Site Area
Total Site Area
Total Floor Area
Type of Ownership
Land
Building
Completion Date
PML

Trust beneficiary interest in real estate
The Sumitomo Trust & Banking Co.,Ltd.
March 31, 2017———13,840.00m2—
Fee simple———¥7,000 million¥7,207 million
April 1, 2006
Tanizawa Sogo Appraisal Co., Ltd.

Trust beneficiary interest in real estate
The Sumitomo Trust & Banking Co.,Ltd.
March 31, 2017
1-3-7 Shiromi, Chuo-ku, OsakaOffices, retail facilities, parking
S, SRC, B2/26F
14,963.66m2
84,952.57m2
Fee simple
Fee simple
February 23, 1991
November 26, 2003: Improvements
3.0%

Note: This press release provides information regarding MID REIT’s acquisition of properties, and is not prepared as an inducement orinvitation for investment. All readers are advised to consult their own investment advisors before investing in MID REIT. Investment
decisions are investors’ sole discretion and responsibility and are made at their own risk. MID REIT and its affiliates disclaim any
responsibility or liability for the consequence of investment in MID REIT.

Acquisition PriceAppraisal

Appraisal Value
Appraisal Date
Appraiser

3 Matsushita Denko Building
Type of Asset
Trustee
Trust Expiration Date
Location (Residential Address)
Use
Structure
Site Area
Total Site Area
Total Floor Area
Type of Ownership
Land
Building
Completion Date
PML
Acquisition PriceAppraisal
Appraisal Value
Appraisal Date
Appraiser
4 Midosuji MID Building
Type of Asset
Trustee
Trust Expiration Date
Location (Residential Address)
UseStructure
Site Area
Total Site Area
Total Floor Area
Type of Ownership
LandBuilding
Completion Date
PMLAcquisition PriceAppraisal
Appraisal Value
Appraisal Date
Appraiser
5 Higashinoda MID Building
Type of Asset¥24,600 million¥24,600 million
April 1, 2006
Tanizawa Sogo Appraisal Co., Ltd.

Trust beneficiary interest in real estate
The Sumitomo Trust & Banking Co.,Ltd.
March 31, 2017
2-1-3 Shiromi, Chuo-ku, Osaka
Offices, parking
SRC, B1/8F
3,698.55m2
17,143.04m2
Fee simple
Fee simple
August 30, 1974
7.0%
¥7,620 million¥7,620 million
April 1, 2006
Morii Appraisal & Investment
Consulting, Inc.
Trust beneficiary interest in real estate
The Sumitomo Trust & Banking Co.,Ltd.
March 31, 2017
4-3-2 Minamisenba, Chuo-ku, Osaka
OfficesS, RC, B2/12F
1,705.26m2
16,289.44m2
Fee simple
Fee simple
October 20, 1980
13.4%
¥7,500 million¥7,520 million
April 1, 2006
Tanizawa Sogo Appraisal Co., Ltd.
Trust beneficiary interest in real estate

Note: This press release provides information regarding MID REIT’s acquisition of properties, and is not prepared as an inducement orinvitation for investment. All readers are advised to consult their own investment advisors before investing in MID REIT. Investment
decisions are investors’ sole discretion and responsibility and are made at their own risk. MID REIT and its affiliates disclaim any
responsibility or liability for the consequence of investment in MID REIT.

Trustee
Trust Expiration Date
Location (Residential Address)
UseStructure
Site Area
Type of Ownership
Completion Date
PML
Acquisition PriceAppraisal

Total Site Area
Total Floor AreaLand
Building

Appraisal Value
Appraisal Date
Appraiser6 Kyobashi MID Building
Type of Asset
Trustee
Trust Expiration Date
Location (Residential Address)
UseStructure
Site Area

Total Site Area
Total Floor Area

Type of Ownership

LandBuilding

Completion Date
PML
Acquisition PriceAppraisal

Appraisal Value
Appraisal Date
Appraiser

7 MID Shibakanasugibashi Building
Type of Asset
Trustee

The Sumitomo Trust & Banking Co.,Ltd.
March 31, 2017
1-5-14
Higashinoda-cho,Miyakojima-ku, OsakaOffices, parking
S, Iron alloy plating 9F
1,062.53m2
4,833.88m2
Fee simple
Fee simple
February 29, 2000
6.7%
¥2,300 million¥2,300 million
April 1, 2006
Tanizawa Sogo Appraisal Co., Ltd.
Trust beneficiary interest in real estate
The Sumitomo Trust & Banking Co.,Ltd.
March 31, 2017
2-13-10 Kyobashi, Chuo-ku, Tokyo
Offices, retail facilities(Adjacent building) parking
SRC, B1/9F(Adjacent building) S, galvanized steel
sheet, flat building
926.53m2
6,831.90m2(Adjacent building) 44.94m2
Total 6,876.84 m2
Fee simple
Fee simple
May 28, 1981
March 19, 1982 expanded
14.7%¥5,690 million¥5,690 million
April 1, 2006
Tanizawa Sogo Appraisal Co., Ltd.
Trust beneficiary interest in real estate
The Sumitomo Trust & Banking Co.,
Ltd.

Note: This press release provides information regarding MID REIT’s acquisition of properties, and is not prepared as an inducement orinvitation for investment. All readers are advised to consult their own investment advisors before investing in MID REIT. Investment
decisions are investors’ sole discretion and responsibility and are made at their own risk. MID REIT and its affiliates disclaim any
responsibility or liability for the consequence of investment in MID REIT.

Trust Expiration DateLocation (Residential Address)
Use
Structure
Site Area
Total Site Area
Total Floor Area
Type of Ownership
Completion Date
PML
Acquisition PriceAppraisal

Land
Building

Appraisal Value
Appraisal Date
Appraiser

8 Konami Sports Club Kyobashi
Type of Asset
Trustee
Trust Expiration Date
Location (Residential Address)
Use
Structure
Site Area
Type of Ownership
Completion Date
PML
Acquisition PriceAppraisal

Total Site Area
Total Floor Area
Land
Building

Appraisal Value
Appraisal Date
Appraiser

9 AEON Tsudanuma Shopping Center
Type of Asset
Trustee
Trust Expiration Date
Location (Residential Address)
UseStructure
Site Area
Total Site Area

March 31, 2017
1-4-3 Shiba, Minato-ku, Tokyo
Retail facilities, offices, parking
SRC, B1/9F
430.21m2
2,921.29m2(Adjacent building) 44.94m2
Total 6,876.84 m2
Fee simple
Fee simple
January 31, 1995
8.8%
¥1,160 million¥1,160 million
April 1, 2006
Tanizawa Sogo Appraisal Co., Ltd.
Trust beneficiary interest in real estate
The Sumitomo Trust & Banking Co.,Ltd.
March 31, 2017
1-8-17
Higashinoda-cho,Miyakojima-ku, Osaka
Sports center, parking
Zinc-plated steel, 7F
2,339.35m29,433.34m2
Fee simple
Fee simple
June 22, 2001
8.9%
¥2,780 million¥2,780 million
April 1, 2006
DAIWA
REAL
ESTATEAPPRAISAL CO., LTD.
Trust beneficiary interest in real estate
The Sumitomo Trust & Banking Co.,Ltd.
March 31, 2017
1-23-1 Tsudanuma, Narashino, Chiba
Retail facilities, parking, warehousing
S, B1/5F
29,397.03m2

Note: This press release provides information regarding MID REIT’s acquisition of properties, and is not prepared as an inducement orinvitation for investment. All readers are advised to consult their own investment advisors before investing in MID REIT. Investment
decisions are investors’ sole discretion and responsibility and are made at their own risk. MID REIT and its affiliates disclaim any
responsibility or liability for the consequence of investment in MID REIT.

Type of Ownership
Completion Date
PML
Acquisition PriceAppraisal

4. Overview of Sellers
Company Name
Principal Businesses
Relationship to MID REIT

Company Name
Principal Businesses

Relationship to MID REIT
Company Name
Principal Businesses
Relationship to MID REIT

Total Floor Area
Land
Building

Appraisal Value
Appraisal Date
Appraiser

95,743.99m2
Fee simple
Fee simple
September 19, 2003
6.5%
¥26,100 million¥26,100 million
April 1, 2006
DAIWA
REAL
APPRAISAL CO., LTD.

ESTATEMID Urban Development Co., Ltd.
Real estate development and investment,
asset management, intermediary services,condominium development
Owns all ordinary shares issued by MID
REIT Management Co., Ltd. (hereafter“MIDREITManagement,”
theInvestment Corporation’s asset manager
Matsushita Electric Industrial Co., Ltd.
Comprehensive
manufacturer
ofelectronics engaged in the manufacture of
consumer-use
electronics,electricappliances, FA equipment, informationand communication equipment, and home
appliances, as well as marketing andservices
No capital ties to the Investment
Corporation or the asset manager
MID Asset TMK LimitedAcquisition, leasing and sale of real estate,
and acquisition, holding and sale of trust
beneficiary interests
This SPC is entrusted with the asset
management operations of MID Urban
Development Co., Ltd., which owns all
ordinary shares issued by MID REITManagement,
theInvestment
Corporation’s asset manager. In addition,
Aetos Japan LLC, which is entrusted withthe management of a fund that indirectly
owns 87.6% of the ordinary shares issuedby MID Urban Development Co., Ltd.,
also is entrusted with the management ofNote: This press release provides information regarding MID REIT’s acquisition of properties, and is not prepared as an inducement orinvitation for investment. All readers are advised to consult their own investment advisors before investing in MID REIT. Investment
decisions are investors’ sole discretion and responsibility and are made at their own risk. MID REIT and its affiliates disclaim any
responsibility or liability for the consequence of investment in MID REIT.

another fund that indirectly owns all
outstanding shares of MID Asset TMK
Limited.
5. Relationship with the Asset Manager in Relation to Property Acquisitions
With the aim of eliminating potential conflicts of interest and thereby enabling it toperform efficient asset management to the benefit of MID REIT’s unitholders, theasset manager has formulated internal regulations that provide guidelines fortransactions between its sponsor companies and MID REIT. Among the sellers listed
above, MID Urban Development and MID Asset TMK Limited are sponsor companies.
Accordingly, upon entering into agreements with such sponsor companies, the asset
manager follows certain procedures stipulated in the aforementioned internalregulations, including the following: approval by its Compliance Committee, which
includes a number of outside experts; deliberation and resolution by its Investment
Committee; deliberation and resolution at a meeting of its Board of Directors; and areport to the Board of Directors of MID REIT.
In addition, MID REIT consigns property management operations for some of theabove real estate assets to sponsor companies, MID Property Management Co., Ltd.
and MID Facility Management Co., Ltd. Consignment of operations to these sponsor
companies has been undertaken after conducting the aforementioned deliberations andresolutions, pursuant to internal regulations concerning transactions with sponsorcompanies.
6. Acquisition Schedule
Please refer to 2. (2) above.
7. Outlook
For details regarding forecasts of MID REIT’s operating results for the fiscal periods
ending December 31, 2006 (June 1, 2006 to December 31, 2006) and June 30, 2007
(January 1, 2007 to June 30, 2007), please refer to the press release of August 29, 2006
titled, “Notice Regarding Forecast of Business Results for the Fiscal Periods Ending
December 31, 2006 and June 30, 2007.”

Note: This press release provides information regarding MID REIT’s acquisition of properties, and is not prepared as an inducement orinvitation for investment. All readers are advised to consult their own investment advisors before investing in MID REIT. Investment
decisions are investors’ sole discretion and responsibility and are made at their own risk. MID REIT and its affiliates disclaim any
responsibility or liability for the consequence of investment in MID REIT.