April 3, 2007
For Translation Purpose Only
MID REIT, Inc.
1-4-4 Doujimahama, Kita-ku, Osaka
Yukinobu Izumi
Executive Officer(Securities Code: 3227)
MID REIT Management Co., Ltd.
Kenji Kamio
President and CEO
Inquiries:
Hiroshi Uemura
Director
General Manager, Planning & Finance Division
TEL. +81-6-6456-0700

Notice Regarding Completed Asset Acquisition(MID Imabashi Building)
MID REIT, Inc. (hereafter “MID REIT”) today announced that it successfully completed
an asset acquisition that it had previously announced in the January 30, 2007 press release
entitled “Notice Regarding Asset Acquisition (MID Imabashi Building).” Brief details areas follows.
1. Acquisition Overview
Property Name
MID Imabashi
BuildingLocation
Chuo-ku,Osaka

Type of Asset
Trust beneficiary interestin real estate

Acquisition Price¥3,270 million

Buyer
Grimsby Asset
TMK Limited

For more details regarding this asset acquisition, please refer to the aforementioned press
release.
2. Buyer Overview
Company Name
Headquarter Location
Representative
Paid-in Capital
Capital Contributors
Primary Business

Relationship to the Investment Corporation

Grimsby Asset TMK Limited
Seikou Building 6F,
7-2-1 Minami Aoyama, Minato-ku, Tokyo
Koichi Yokoyama, Representative Director
Not shown as MID REIT has not yet received
permission to disclose this information from thebuyer.
Not shown as MID REIT has not yet received
permission to disclose this information from thebuyer.
1. Transfer, management, and disposal of
specified assets in accordance with asset
liquidation plans based on laws related toasset liquidation.
2. Other work incidental to the liquidation of
the aforementioned specified assets.
87.6% of the outstanding shares of the MID

Note: This press release provides information regarding MID REIT’s “Notice Regarding Completed Asset Acquisition,” and is notprepared as an inducement or invitation for investment. All readers are advised to consult their own investment advisors before investingin MID REIT. Investment decisions are made at the 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.

Urban Development Co., Ltd., the parent
company of MID REIT Management Co., Ltd.,the Investment Corporation's asset managementcompany, are indirectly held by a fund managed
by Aethos Capital, LLC. This special-purpose
company is a company established by said fund.
In addition, the MID Urban Development Co.,
Ltd. has been entrusted with the managementof assets from this special-purpose company.

3. Interest of the Asset Management Company in the Acquired Asset
MID REIT will outsource the property management and building management operations
for the acquired asset to MID Property Management Co., Ltd. and MID Facility
Management Co., Ltd., respectively (hereinafter, collectively referred to as “Outsourcees”).
The Outsourcees engage in appropriate asset management through theelimination of conflicts of interest. They also follow regulations established internally by
the Asset Management Company to govern transactions between themselves and related
sponsoring parties with the aim of contributing to unitholder returns.
In accordance with the above regulations, agreements concluded by theOutsourcees must be approved by the Compliance Committee of the Asset Management
Company, whose members include outside experts, as well as discussed and resolved by theInvestment Committee and the Board of Directors.

Note: This press release provides information regarding MID REIT’s “Notice Regarding Acquisition of Properties,” and is not preparedas an inducement or invitation for investment. All readers are advised to consult their own investment advisors before investing in MID
REIT. Investment decisions are made at the investors’ sole discretion and responsibility and are made at their own risk. MID REIT andits affiliates disclaim any responsibility or liability for the consequence of investment in MID REIT.