February 12, 2010
To All Concerned Parties
Name of REIT Issuer:
Invincible Investment Corporation
Naoki Shibatsuji, Executive Director
Nihon-bashi Nishikawa Bldg.
1-5-3 Nihon-bashi, Chuo-ku, Tokyo, Japan(Securities code: 8963)
URL: http: //www.tgr-inv.co.jp/eng/
Asset Management Company:
Consonant Investment Management Co., Ltd.
Naoki Shibatsuji, CEOContact: Yuji Kubo, CFO(Tel. +81-3-3272-7311)

Notice Concerning Sale of Assets (Montserrat Yotsuya & 2 other residences & 10 Parkings)
Invincible Investment Corporation (INV) announces the decision made today to sell 13 of its assets
under management as follows.

Property Name

Sale Price(mn JPY )Difference between
Sale Price and Book
Value
(mn JPY)

Book Value(mn JPY)

Montserrat Yotsuya

356

580

▲224

Homest Ikejiri

552

840

▲288

Towa City Coop Asukayama-Koen

400

531

▲131

Stop Parking Chiba-Chuo

73

95

▲21

PEIT Uchi-Kanda

114

179

▲64

PEIT Ikegami

62

136

▲73

PEIT Ueno 3-chome 1st

76

101

▲24

PEIT Komagata1st

62

91

▲28

PEIT Fukushima Jimbacho 1st

40

85

▲44

Stop Parking Kurihama 1st

45

60

▲14

Stop Parking Shin-Tokorozawa 1st

48

53

▲4

Stop Parking Shin-Tokorozawa 2nd

32

50

▲17

PEIT Naka-Gofukumachi 1st

19

30

▲10

1,888

2,837

▲949

Total

(Note 1) Sale price excludes adjusted amount of real property tax and city planning tax, as well as consumption tax andlocal consumption tax.
(Note 2) Figures are rounded to the indicated unit.

11. Details of Sale
(1) Montserrat Yotsuyaa.

Property Type:

Trust beneficiary interest in real estateb.

Property Name:Montserrat Yotsuyac.

Acquisition Date:

May 23, 2006

d.

Sale Price:

JPY 356 millione.

(excluding adjusted amount of real property tax and city planning tax, as well as consumption tax
and local consumption tax)f.

Acquisition Price:

JPY 557 million(excluding adjusted amount of real property tax and city planning tax, as well as consumption tax
and local consumption tax)g.

Book Valueh.

Difference between Sale:

JPY 580 million (as of August 31, 2009)

Price and Book Value:-JPY 224 millioni.

Scheduled Contract Date:

February 25, 2010j.

Scheduled Sale Date:

March 10, 2010

k.

Buyer

:

Domestic corporation (refer to 4. below)l.

Sale Method:

Sale of real estate in the form of a trust beneficiary interest to
abovementioned buyer(2) Homest Ikejiria.

Property Type:

Trust beneficiary interest in real estateb.

Property Name:

Homest Ikejiric.

Acquisition Date:

May 23, 2006

d.

Sale Price:

JPY 552 millione.

(excluding adjusted amount of real property tax and city planning tax, as well as consumption tax
and local consumption tax)f.

Acquisition Price:

JPY 806 million(excluding adjusted amount of real property tax and city planning tax, as well as consumption tax
and local consumption tax)g.

Book Value:

JPY 840 million (as of August 31, 2009)h.

Difference between Sale
Price and Book Value:-JPY 288 millioni.

Scheduled Contract Date:

February 25, 2010j.

Scheduled Sale Date:

March 11, 2010

k.

Buyer

:

Domestic corporation (refer to 4. below)l.

Sale Method:

Sale of real estate in the form of a trust beneficiary interest to
abovementioned buyer(3) Towa City Coop Asukayama-Koena.

Property Type:

Trust beneficiary interest in real estateb.

Property Name:

Towa City Coop Asukayama-Koen

2c.

Acquisition Date:

May 25, 2006

d.

Sale Price:

JPY 400 millione.

(excluding adjusted amount of real property tax and city planning tax, as well as consumption tax
and local consumption tax)f.

Acquisition Price:

JPY 529 million(excluding adjusted amount of real property tax and city planning tax, as well as consumption tax
and local consumption tax)g.

Book Value:

JPY 531 million (as of August 31, 2009)h.

Difference between Sale
Price and Book Value:-JPY 131 millioni.

Scheduled Contract Date:

February 22, 2010j.

Scheduled Sale Date:

February 22, 2010

k.

Buyer

:

Star Mica Co., Ltd. (refer to 4. below)l.

Sale Method:

Sale of real estate in the form of a trust beneficiary interest to
abovementioned buyer(4) Stop Parking Chiba-Chuoa.

Property Type:Real estateb.

Property Name:

Stop Parking Chiba-Chuoc.

Acquisition Date:

January 22, 2007d.

Sale Price:

JPY 73 millione.

(excluding adjusted amount of real property tax and city planning tax, as well as consumption tax
and local consumption tax)f.

Acquisition Price:

JPY 92 million(excluding adjusted amount of real property tax and city planning tax, as well as consumption tax
and local consumption tax)g.

Book Value:JPY 95 million (as of June 30, 2009)h.

Difference between Sale
Price and Book Value:-JPY 21 millioni.

Scheduled Contract Date:

February 22, 2010j.

Scheduled Sale Date:

February 22, 2010

k.

Buyer

:

Domestic corporation (refer to 4. below)l.

Sale Method:

Sale of real estate to abovementioned buyer(5) PEIT Uchi-Kanda
a.

Property Type:Real estateb.

Property Name:PEIT Uchi-Kandac.

Acquisition Date:

May 30, 2008d.

Sale Price:

JPY 114 millione.

(excluding adjusted amount of real property tax and city planning tax, as well as consumption tax
and local consumption tax)f.

Acquisition Price:

JPY 176 million

3

(excluding adjusted amount of real property tax and city planning tax, as well as consumption tax
and local consumption tax)g.

Book Valueh.

Difference between Sale:

JPY 179 million (as of June 30, 2009)

Price and Book Value:-JPY 64 millioni.

Scheduled Contract Date:

March 2, 2010j.

Scheduled Sale Date:

March 2, 2010

k.

Buyer

:

Individual (refer to 4. below)l.

Sale Method:

Sale of real estate to abovementioned buyer(6) PEIT Ikegamia.

Property Type:Real estateb.

Property Name:PEIT Ikegamic.

Acquisition Date:

May 30, 2008d.

Sale Price:

JPY 62 millione.

(excluding adjusted amount of real property tax and city planning tax, as well as consumption tax
and local consumption tax)f.

Acquisition Price:

JPY 133 million(excluding adjusted amount of real property tax and city planning tax, as well as consumption tax
and local consumption tax)g.

Book Valueh.

Difference between Sale:

JPY 136 million (as of June 30, 2009)

Price and Book Value:-JPY 73 millioni.

Scheduled Contract Date:

February 15, 2010j.

Scheduled Sale Date:

February 26, 2010

k.

Buyer

:

Domestic corporation (refer to 4. below)l.

Sale Method:

Sale of real estate to abovementioned buyer(7) PEIT Ueno 3-chome 1sta.

Property Type:Real estateb.

Property Name:PEIT Ueno 3-chome 1stc.

Acquisition Date:

September 30, 2008d.

Sale Price:

JPY 76 millione.

(excluding adjusted amount of real property tax and city planning tax, as well as consumption tax
and local consumption tax)f.

Acquisition Price:

JPY 98 million(excluding adjusted amount of real property tax and city planning tax, as well as consumption tax
and local consumption tax)g.

Book Valueh.

Difference between Salei.

:

JPY 101 million (as of June 30, 2009)

Price and Book Value:-JPY 24 million

Scheduled Contract Date:

February 15, 20104

j.

Scheduled Sale Date:

February 26, 2010

k.

Buyer

:

Domestic corporation (refer to 4. below)l.

Sale Method:

Sale of real estate to abovementioned buyer(8) PEIT Komagata 1st
a.

Property Type:Real estateb.

Property Name:PEIT Komagata 1stc.

Acquisition Date:

September 30, 2008d.

Sale Price:

JPY 62 millione.

(excluding adjusted amount of real property tax and city planning tax, as well as consumption tax
and local consumption tax)f.

Acquisition Price:

JPY 87 million(excluding adjusted amount of real property tax and city planning tax, as well as consumption tax
and local consumption tax)g.

Book Value:JPY 91 million (as of June 30, 2009)h.

Difference between Sale
Price and Book Value:-JPY 28 millioni.

Scheduled Contract Date:

February 16, 2010j.

Scheduled Sale Date:

March 8, 2010

k.

Buyer

:

Yaokinsyouji Corporation (refer to 4. below)l.

Sale Method:

Sale of real estate to abovementioned buyer(9) PEIT Fukushima Jimbacho 1sta.

Property Type:Real estateb.

Property Name:PEIT Fukushima Jimbacho 1stc.

Acquisition Date:

September 30, 2008d.

Sale Price:

JPY 40 millione.

(excluding adjusted amount of real property tax and city planning tax, as well as consumption tax
and local consumption tax)f.

Acquisition Price:

JPY 83 million(excluding adjusted amount of real property tax and city planning tax, as well as consumption tax
and local consumption tax)g.

Book Value:

JPY 85 million (as of June 30, 2009)h.

Difference between Sale
Price and Book Value:-JPY 44 millioni.

Scheduled Contract Date:

February 19, 2010j.

Scheduled Sale Date:

February 19, 2010

k.

Buyer

:

Domestic corporation (refer to 4. below)l.

Sale Method:

Sale of real estate to abovementioned buyer

5(10) Stop Parking Kurihama 1st
a.

Property Type:Real estateb.

Property Name:

Stop Parking Kurihama 1stc.

Acquisition Date:

September 30, 2008d.

Sale Price:

JPY 45 millione.

(excluding adjusted amount of real property tax and city planning tax, as well as consumption tax
and local consumption tax)f.

Acquisition Price:

JPY 57 million(excluding adjusted amount of real property tax and city planning tax, as well as consumption tax
and local consumption tax)g.

Book Value:JPY 60 million (as of June 30, 2009)h.

Difference between Sale
Price and Book Value:-JPY 14 millioni.

Scheduled Contract Date:

February 23, 2010j.

Scheduled Sale Date:

February 23, 2010

k.

Buyer

:

Domestic corporation (refer to 4. below)l.

Sale Method:

Sale of real estate to abovementioned buyer(11) Stop Parking Shin-Tokorozawa 1st
a.

Property Type:Real estateb.

Property Name:

Stop Parking Shin-Tokorozawa 1stc.

Acquisition Date:

September 30, 2008d.

Sale Price:

JPY 48 millione.

(excluding adjusted amount of real property tax and city planning tax, as well as consumption tax
and local consumption tax)f.

Acquisition Price:

JPY 50 million(excluding adjusted amount of real property tax and city planning tax, as well as consumption tax
and local consumption tax)g.

Book Value:

JPY 53 million (as of June 30, 2009)h.

Difference between Sale
Price and Book Value:-JPY 4 millioni.

Scheduled Contract Date:

February 16, 2010j.

Scheduled Sale Date:

February 24, 2010

k.

Buyer

:

Domestic corporation (refer to 4. below)l.

Sale Method:

Sale of real estate to abovementioned buyer(12) Stop Parking Shin-Tokorozawa 2nd
a.

Property Type:Real estateb.

Property Name:

Stop Parking Shin-Tokorozawa 2ndc.

Acquisition Date:

September 30, 2008d.

Sale Price:

JPY 32 millione.

(excluding adjusted amount of real property tax and city planning tax, as well as consumption tax

6and local consumption tax)f.

Acquisition Price:

JPY 48 million(excluding adjusted amount of real property tax and city planning tax, as well as consumption tax
and local consumption tax)g.

Book Value:

JPY 50 million (as of June 30, 2009)h.

Difference between Sale
Price and Book Value:-JPY 17 millioni.

Scheduled Contract Date:

February 16, 2010j.

Scheduled Sale Date:

February 24, 2010

k.

Buyer

:

Domestic corporation (refer to 4. below)l.

Sale Method:

Sale of real estate to abovementioned buyer(13) PEIT Naka-Gofukumachi 1sta.

Property Type:Real estateb.

Property Name:PEIT Naka-Gofukumachi 1stc.

Acquisition Date:

September 30, 2008d.

Sale Price:

JPY 19 millione.

(excluding adjusted amount of real property tax and city planning tax, as well as consumption tax
and local consumption tax)f.

Acquisition Price:

JPY 28 million(excluding adjusted amount of real property tax and city planning tax, as well as consumption tax
and local consumption tax)g.

Book Value:

JPY 30 million (as of June 30, 2009)h.

Difference between Sale
Price and Book Value:-JPY 10 millioni.

Scheduled Contract Date:

February 15, 2010j.

Scheduled Sale Date:

February 25, 2010

k.

Buyer

:

TRUST PARK Inc. (refer to 4. below)l.

Sale Method:

Sale of real estate to abovementioned buyer

7

2. Reason of Sale
Based on asset management targets and policies defined in INV’s Articles of Incorporation, theAsset Management Company, Consonant Investment Management Co., Ltd., has thought of thesale of the properties after taking into consideration trends on the real estate market, forecasts offuture revenues and changes in asset value and other factors of the property, as well as the
structure and composition policy of INV’s portfolio.
With borrowings due for repayment at INV in February 2010 and onwards amid the ongoing
uncertainty over the future of the external environment surrounding INV stemming from theworsening global financial crisis and credit crunch, an improvement in the financial managementbase is regarded to be of one of the most important matters at this point in time.
Although the sale prices of the properties to be sold are under the appraisal value and book value,
negative goodwill is expected to be generated (the price is not fixed yet as of today) by the merger
with LCP investment Corporation and it may enable to control the effect on the dividend and the saleof properties. Also, INV intends to improve the financial position by repaying borrowings withrevenues from the sale of properties and reducing interest-bearing liabilities and then put the efforts
to establish a new growth strategy.
3. Details of Asset(1) Montserrat Yotsuya
Property Type

Beneficiary interests in trust

Location(Lot Number)(Address)

7-3, Araki-cho, Shinjuku-ku, Tokyo

7-3, Araki-cho, Shinjuku-ku, Tokyo

Transport Access

About 5 minute walk from Yotsuya-sanchome Station on the Tokyo Metro Marunouchi Line

Land

Type ofownership
Total land
area

Building

Type ofownership
Total floor
Area
Structure &FloorsPML

Ownership

ZoningCommercial zone

316.49 m

Building coverage
ratio / FAR

100 % / 288 %Ownership

Property type

Residence, shop

Completion date

March, 1988

2

2

839.70 m

Reinforced concrete, roof deck, 7 stories

10.0 %

Trustee

The Chuo Mitsui Trust and Banking Company, Limited

Trust Period

January 31, 2016

Acquisition Price

JPY 557 million

Appraisal Value at
Period End

JPY 436 million (as of August 31, 2009)

Appraiser

Morii Appraisal & Investment Consulting, Inc.

Mortgage

Yes

Detail of Tenants

No. of tenants

Rentable units

33(Note 1)Monthly rent

JPY 2,860 ths

Rented units

30

Security deposits

JPY 6,790 ths

Leasable area

809.51 m2

Occupancy rate

93.3%

Leased area

775.45 m2

1

8

Remarks

None(Note 1) Detail of Tenants indicates the figures as of August 31, 2009.
(Note 2) Figures are rounded to the indicated unit.

(2) Homest Ikejiri
Property Type

Beneficiary interests in trust

Location(Lot Number)(Address)

1-47-2 other 1 number, Misyuku, Setagaya-ku, Tokyo

1-4-7, Misyuku, Setagaya-ku, Tokyo

Transport Access

About 11 minute walk from Ikejiri-Ohashi Station on the Tokyu-den-en-toshi Line

Land

Type of

Neighborhood

ownership

Ownership

Total land
area
Building

Zoningownership
Total floor
Area
Structure &865.16 m(class 1)
80 % / 60 %240 % / 164%

Ownership

Property type

Residence

1,542.56 m2

Completion date

December, 1987

Reinforced concrete, roof deck, 5 stories

FloorsPML

8.0%

Trustee

The Chuo Mitsui Trust and Banking Company, Limited

Trust Period

January 31, 2016

Acquisition Price

JPY 806 million

Appraisal Value at
Period End
Appraiser

JPY 648 million (as of August 31, 2009)
Morii Appraisal & Investment Consulting, Inc.

Mortgage

Yes

Detail of Tenants

No. of tenants(Note 1)Monthly rent

Remarks

Residential zones

Building coverage
ratio / FAR

2Type ofcommercial zone,1

Rentable units

28

JPY 4,458 ths

Rented units

27

Security deposits

JPY 4,042 ths

Leasable area

1,377.95 m2

Occupancy rate

96.0%

Leased area

1,322.80 m2

Private road (approximately 35.5 m2) is included on the land above.

(Note 1) Detail of Tenants indicates the figures as of August 31, 2009.
(Note 2) Figures are rounded to the indicated unit.

(3) Towa City Coop Asukayama-Koen
Property Type

Beneficiary interests in trust

Location(Lot Number)(Address)

Transport Access

1-62-10, Takino-gawa, Kita-ku, Tokyo

1-63-6, Takino-gawa, Kita-ku, Tokyo

About 8 minute walk from Oji Station on the JR Keihin-Tohoku Line and Tokyo Metro Namboku Line

9

Commercial zone,Land

Exclusively
Type ofOwnershipownership

residential zone for

Zoningmedium-and
Hight-rise Buildings(class 1)

Building

Total landarea

883.92 m

Type ofCompartmentalized

ownership

Ownership

2

Total floor

4,007.03 m2

Area

PML

Building
coverage ratio /FAR

100 % / 70 %,500 % / 200 %Property type

Residence

Completion dateAugust, 1993

Structure &Steel-reinforced concrete, reinforced concrete, roof deck, 13 stories

Floorswith a basement

11.1%

Trustee

The Chuo Mitsui Trust and Banking Company, Limited

Trust Period

January 31, 2026

Acquisition Price

JPY 529 million

Appraisal Value at
Period End

JPY 498 million (as of August 31, 2009)

Appraiser

Japan Real Estate InstituteMortgage

Yes

Detail of Tenants

No. of tenants(Note 1)Monthly rent

JPY 3,314 ths

Rented units

Security deposits

JPY 6,387 ths

Leasable area

1,370.31 m2

Occupancy rate

88.5%

Leased area

1,212.39 m2

Remarks

1

Rentable units

36
31

None

(Note 1) Detail of Tenants indicates the figures as of August 31, 2009.
(Note 2) Figures are rounded to the indicated unit.

(4) Stop Parking Chiba-Chuo
Property TypeReal estate

Location(Lot Number)

Transport Access

About 13 minutes walk from Chiba Station on the JR Line

Land

Type of4-13-6, 4-13-30 Chuo Chuo-ku, Chiba City, Chiba Pref.

(Address)ownership
Total land
area
Building

Type ofownership
Total floor
Area−

Ownership

ZoningCommercial zone

312.40 m2

Building coverage
ratio / FAR

80 % / 400 %−Property type−−

Completion date−

Structure &−FloorsPML−

10

Trustee−

Trust Period
Acquisition PriceAppraisal Value at
Period End
Appraiser−
JPY 92 million
JPY 93 million (as of June 30, 2009)
Assets Research and Development Inc.

Mortgage

None

Detail of Tenants

No. of tenants(Note 1)Monthly rent
Security deposits

1

Rentable units−

JPY 428 ths

Rented units−−

Leasable area

312.40 m2

Leased area

312.40 m2

Occupancy rate
Remarks

100.0%

None(Note 1) Detail of Tenants indicates the figures as of June 30, 2009.
(Note 2) Figures are rounded to the indicated unit.

(5) PEIT Uchi-Kanda
Property TypeReal estate

Location(Lot Number)

3-18-8, 3-18-10, 3-18-11,Uchi-Kanda, Chiyoda-ku, Tokyo(Address)−

Transport Access

About 3 minutes walk from Kanda Station on the JR line

Land

Type ofownership
Total land
area

Building

Type ofownership
Total floor
Area

Ownership
70.23 m2

ZoningCommercial zone

Building coverage
ratio / FAR

80 % / 600 %−Property type−−

Completion date−

Structure &−FloorsPML−

Trustee−

Trust Period−

Acquisition PriceAppraisal Value at
Period End

JPY 176 million
JPY 173 million (as of June 30, 2009)

Appraiser

Assets Research and Development Inc.

Mortgage

None

Detail of Tenants

No. of tenants

Rentable units

1(Note 1)Monthly rent

JPY 724 ths

Rented units

1

Security deposits−

Leasable area

70.23 m2

Leased area

70.23 m2

Occupancy rate
Remarks

1

100.0%

None(Note 1) Detail of Tenants indicates the figures as of June 30, 2009.
(Note 2) Figures are rounded to the indicated unit.

11(6) PEIT Ikegami
Property TypeReal estate

Location(Lot Number)

6-71-18, Ikegami, Ota-ku, Tokyo(Address)−

Transport Access

About 3minutes walk from the Ikegami Station on the Tokyu line.

Land

Type ofOwnershipownership
Total land
area
Building

91.20 mType ofownership
Total floor
Area

2

ZoningCommercial zone

Building coverage
ratio / FAR

80 % /−

Property type−−

Completion date−

Structure &−FloorsPML−

Trustee−

Trust Period−

Acquisition PriceAppraisal Value at
Period End

500 %JPY 133 million
JPY 133 million (as of June 30, 2009)

Appraiser

Assets Research and Development Inc.

Mortgage

None

Detail of Tenants

No. of tenants

Rentable units

1(Note 1)Monthly rent

JPY 565 ths

Rented units

1

Security deposits−

Leasable area

91.20 m2

Leased area

91.20 m2

1

Occupancy rate
Remarks

100.0%

None(Note 1) Detail of Tenants indicates the figures as of June 30, 2009.
(Note 2) Figures are rounded to the indicated unit.

(7) PEIT Ueno 3-chome 1st
Property TypeReal estate

Location(Lot Number)

3-6-3, Ueno, Taito-ku, Tokyo(Address)−

Transport Access

About 4 minutes walk from Okachimachi Station on the JR line

Land

Type ofownership
Total land
area

Building

Type ofownership
Total floor
Area

Ownership

ZoningCommercial zone

109.72 m2

Building coverage
ratio / FAR

80 % /

600 %−Property type−−

Completion date−

Structure &−FloorsPML−

12

Trustee−

Trust Period
Acquisition PriceAppraisal Value at
Period End
Appraiser−
JPY 98 million
JPY 96 million (as of June 30, 2009)
Assets Research and Development Inc.

Mortgage

None

Detail of Tenants

No. of tenants(Note 1)Monthly rent

JPY 497 ths

Rented units

Security deposits−

Leasable area

109.72 m2

Leased area

109.72 m2

1

Occupancy rate
Remarks

Rentable units

100.0%

11

None(Note 1) Detail of Tenants indicates the figures as of June 30, 2009.
(Note 2) Figures are rounded to the indicated unit.

(8) PEIT Komagata 1st
Property TypeReal estate

Location(Lot Number)

1-8-11, 1-8-12, Komagata, Taito-ku, Tokyo(Address)−

Transport Access

About 2 minutes walk from Asakusa Station on the Toei Line

Land

Type ofownership
Total land
area

Building

Type ofownership
Total floor
Area

Ownership
97.84 m2

ZoningCommercial zone

Building coverage
ratio / FAR

80 % /−

Property type−−

Completion date−

Structure &−FloorsPML−

Trustee−

Trust Period−

Acquisition PriceAppraisal Value at
Period End

700 %JPY 87 million
JPY 85 million (as of June 30, 2009)

Appraiser

Assets Research and Development Inc.

Mortgage

None

Detail of Tenants

No. of tenants

Rentable units

1(Note 1)Monthly rent

JPY 442 ths

Rented units

1

Security deposits−

Leasable area

97.84 m2

Leased area

97.84 m2

Occupancy rate
Remarks

1

100.0%

None(Note 1) Detail of Tenants indicates the figures as of June 30, 2009.
(Note 2) Figures are rounded to the indicated unit.

13(9) PEIT Fukushima Jimbacho 1st
Property TypeReal estate

Location(Lot Number)

14-3, 14-13, Jimbacho, Fukushima City, Fukushima Pref.

(Address)−

Transport Access

About 5 minutes walk from Fukushima Station on JR Line

Land

Type ofownership
Total land
area

Building

Type ofownership
Total floor
Area

Ownership
2

481.62 m

ZoningCommercial zone

Building coverage
ratio / FAR

80 % /−

Property type−−

Completion date−

Structure &−FloorsPML−

Trustee−

Trust Period−

Acquisition PriceAppraisal Value at
Period End

500 %JPY 83 million
JPY 83 million (as of June 30, 2009)

Appraiser

Assets Research and Development Inc.

Mortgage

None

Detail of Tenants

No. of tenants

Rentable units

1(Note 1)Monthly rent

JPY 604 ths

Rented units

1

Security deposits−

Leasable area

1

481.62 m2

Occupancy rate
100.0% Leased area
481.62 m2Part of the adjoining property which is located in the south side crosses the boundary
Remarks
with the Property. The boundary confirmation was already exchanged with therelevant landowner and the users of adjoining property are endowed by TGR with theright to pass over the Property.
Additionally, part of the adjoining property which is located in the west side of theProperty crosses the boundary with the Property. The boundary confirmation hasn’t
been exchanged with the relevant landowner yet.
(Note 1) Detail of Tenants indicates the figures as of June 30, 2009.
(Note 2) Figures are rounded to the indicated unit.

(10) Stop Parking Kurihama 1st
Property TypeReal estate

Location(Lot Number) 4-1451-2, Kurihama,Yokosuka City, Kanagawa Pref.

Transport Access

About 3 minutes walk from Kurihama Station on the Keihin Express Line

Land

Type of(Address)ownership
Total land
area
Building

Type ofownership−

Ownership2

206.27 m

ZoningCommercial zone

Building coverage
ratio / FAR

80 % / 400 %Property type

−

14

−

Total floor

Completion date−

Area
Structure &−FloorsPML−

Trustee−

Trust Period−

Acquisition PriceAppraisal Value at
Period End−

JPY 57 million
JPY 56 million (as of June 30, 2009)

Appraiser

Assets Research and Development Inc.

Mortgage

None

Detail of Tenants

No. of tenants(Note 1)Monthly rent

JPY 350 ths

Rented units

Security deposits−

Leasable area

206.27 m2

Leased area

206.27 m2

1

Occupancy rate
Remarks

Rentable units

100.0%

11

None(Note 1) Detail of Tenants indicates the figures as of June 30, 2009.
(Note 2) Figures are rounded to the indicated unit.

(11) Stop Parking Shin-Tokorozawa 1st
Property TypeReal estate

Location(Lot Number)

1954-99, Matsubacho, Tokorozawa City, Saitama Pref.

(Address)−

Transport Access

About 2minutes walk from Shin-Tokorozawa Station on the Seibu Line

Land

Type ofownership
Total land
area

Building

Type ofownership
Total floor
Area

Ownership
163.63 m

Property type−−

Completion date

−

−

PML

−

Trustee−

Trust Period−

Period End

80 % / 200 %−FloorsAppraisal Value atcommercial zone

Building coverage
ratio / FAR

2

Structure &Acquisition Price

Neighborhood

Zoning

JPY 50 million
JPY 49 million (as of June 30, 2009)

Appraiser

Assets Research and Development Inc.

Mortgage

None

Detail of Tenants

No. of tenants

Rentable units

1(Note 1)Monthly rent

JPY 298 ths

Rented units

1

Security deposits−

Leasable area

1

15

163.63 m2

Occupancy rate
Remarks

100.0%

163.63 m2

Leased area

None

(Note 1) Detail of Tenants indicates the figures as of June 30, 2009.
(Note 2) Figures are rounded to the indicated unit.

(12) Stop Parking Shin-Tokorozawa 2nd
Property TypeReal estate

Location(Lot Number)

Transport Access

About 3 minutes walk from Shin-Tokorozawa Station on Seibu Line

Land

Type of

1886-338, Matsubacho, Tokorozawa City, Saitama Pref.

(Address)ownership
Total land
area
Building

Type ofownership
Total floor
Area−

Ownership

ZoningCommercial zone

104.62 m2

Building coverage
ratio / FAR

80 % / 500 %−Property type−−

Completion date−

Structure &−FloorsPML−

Trustee−

Trust Period−

Acquisition PriceAppraisal Value at
Period End

JPY 48 million
JPY 48 million (as of June 30, 2009)

Appraiser

Assets Research and Development Inc.

Mortgage

None

Detail of Tenants

No. of tenants

Rentable units

1(Note 1)Monthly rent

JPY 283 ths

Rented units

1

Security deposits−

Leasable area

1

104.62 m2

Occupancy rate
100.0% Leased area
104.62 m2Part of the adjoining property which is located in the southwest side crosses the
Remarksboundary with the Property. The boundary confirmation was already exchanged withthe relevant landowner.
Additionally, part of the adjoining property which is located in the northwest sidecrosses the boundary with the Property. The boundary confirmation hasn’t been
exchanged with the relevant landowner yet.
(Note 1) Detail of Tenants indicates the figures as of June 30, 2009.
(Note 2) Figures are rounded to the indicated unit.

(13) PEIT Naka-Gofukumachi 1st
Property Type
Location

Real estate(Lot Number) 67, Naka-Gofukumachi, Hakata-ku, Fukuoka City, Fukuoka Pref.
(Address)

Transport Access−

About 2 minutes walk from Gofukumachi Station on Fukuoka City Subway

16

Land

Type ofownership
Total land
area

Building

Ownership

ZoningCommercial zone

78.11 m2

Building coverage
ratio / FAR

80 % / 400 %Type ofownership
Total floor
Area−

Property type−−

Completion date−

Structure &−FloorsPML−

Trustee−

Trust Period
Acquisition PriceAppraisal Value at
Period End
Appraiser−
JPY 28 million
JPY 28 million (as of June 30, 2009)
Assets Research and Development Inc.

Mortgage

None

Detail of Tenants

No. of tenants(Note 1)Monthly rent
Security deposits

1

Rentable units1

JPY 162 ths

Rented units

1−

Leasable area

78.11 m2

Leased area

78.11 m2

Occupancy rate
Remarks

100.0 %

None

(Note 1) Detail of Tenants indicates the figures as of June 30, 2009.
(Note 2) Figures are rounded to the indicated unit.

4. Details of Buyer(1) Montserrat Yotsuya / Homest Ikejiri / Stop Parking Chiba-Chuo / PEIT Ikegami / PEIT Ueno 3-chome
1st / PEIT Fukushima Jimbacho 1st / Stop Parking Kurihama 1st / Stop Parking Shin-Tokorozawa 1st/ Stop Parking Shin-Tokorozawa 2nd
Each of the buyers of the above properties is a domestic corporation in Japan. (Except for Stop
Parking Shin-Tokorozawa 1st and Stop Parking Shin-Tokorozawa 2nd, each of the buyers is adifferent domestic corporation.) The details are not indicated as consent for disclosure of the nameand other information has not been obtained from the buyers.
As of today, the buyers are not in capital, personnel or transactional relationship with INV’s asset
management company.
In addition, the buyers are not related parties of INV or its investment
management company. And buyer does not under the category of a related party as stipulated of
the Law Concerning Investment Trusts and Investment Corporations as well as related sponsors as
defined in a self-rule of the asset management company as a countermeasure of a conflict ofinterest.
(2) Towa City Coop Asukayama-Koena.

Company nameStar Mica Co., Ltd.

b.

Office address

2F, Akasaka Twin Tower Main Building, 2-17-22 Akasaka, Minato-ku, Tokyo

17

c.

Representative

CEO

Major business・Condominium trading business・Investment business・Advisory businesse.

CapitalJPY 2,923,230 ths

f.

Foundation date

May, 2001g.

Relationship with INV and its Asset management companyd.

Masashi Mizunaga

As of today, the buyer is not in capital, personnel or transactional relationship with INV’s asset
management company. In addition, the buyer is not related party of INV or its asset managementcompany. And the buyer does not under the category of a related party as stipulated of the Law
Concerning Investment Trusts and Investment Corporations as well as related sponsors as defined in aself-rule of the asset management company as a countermeasure of a conflict of interest.

(3) PEIT Uchi-Kanda
The buyer of the property is an individual. The details are not indicated as consent for disclosure of
the name and other information has not been obtained from the buyer.
As of today, the buyer is not in capital, personnel or transactional relationship with INV’s asset
management company.
In addition, the buyer is not related parties of INV or its investment
management company. And the buyer does not under the category of a related party as stipulatedof the Law Concerning Investment Trusts and Investment Corporations as well as related sponsors
as defined in a self-rule of the asset management company as a countermeasure of a conflict ofinterest.
(4) PEIT Komagata 1sta.

Company nameYaokinsyouji Corporationb.

Office address

4-28-10, Adachi, Adachi-ku, Tokyoc.

Representative

CEO Harumitsu Ito

Major business

1.
2.
3.

e.

CapitalJPY 30 millionf.

Foundation dateNovember 6, 1952g.

Relationship with INV and its Asset management company

d.

Varieties of fuels and sale of implements, retail, leasing
Sale and repair of car parts and reinforcement
Business for gasoline station

As of today, the buyer is not in capital, personnel or transactional relationship with INV’s asset
management company. In addition, the buyer is not related party of INV or its asset managementcompany. And the buyer does not under the category of a related party as stipulated of the Law
Concerning Investment Trusts and Investment Corporations as well as related sponsors as defined in aself-rule of the asset management company as a countermeasure of a conflict of interest.

(5) PEIT Naka-Gofukumachi 1sta.

Company name

TRUST PARK Inc.

b.

Office address

4-3-2, Sumiyoshi, Hakata-ku, Fukuoka City, Fukuoka Pref.

c.

Representative

CEO Yasushi Watanabed.
Major business

1.

Planning for Parking

2.

Operation for Parking

3.

Management for Parking

18

4.

Security for Parkinge.

CapitalJPY 333.5 millionf.

Foundation dateAugust 6, 1993g.

Relationship with INV and its Asset management company
As of today, the buyer is not in capital, personnel or transactional relationship with INV’s asset
management company. In addition, the buyer is not related party of INV or its asset managementcompany. And the buyer does not under the category of a related party as stipulated of the Law
Concerning Investment Trusts and Investment Corporations as well as related sponsors as defined in aself-rule of the asset management company as a countermeasure of a conflict of interest.

5. Details of agent(1) Montserrat Yotsuya/ Homest Ikejiria.

Company name

Tokyu Livable Co.,Ltdb.

Office address

1-9-5, Dougenzaka, Shibuya-ku, Tokyoc.

Representative

CEO & President

Major business

1.
2.
3.
4.

e.

CapitalJPY 1,396,300 ths

f.

Foundation date

March 10, 1972g.

Relationship with INV and its Asset management companyd.

h.

Yasuo Sodeyama

Agent for real estates
Business for sale on consignment
Leasing business for real estates
Business for sale of real estates

As of today, the buyer is not in capital, personnel or transactional relationship with INV’s asset
management company. In addition, the buyer is not related party of INV or its asset managementcompany. And the buyer does not under the category of a related party as stipulated of the Law
Concerning Investment Trusts and Investment Corporations as well as related sponsors as defined in aself-rule of the asset management company as a countermeasure of a conflict of interest.
The detail is not indicated as consent for disclosure of the agent fee has not
Agent feebeen obtained from the agent.

(2) Towa City Coop Asukayama-Koen
There is no agent for the acquisition of the property(3) Stop Parking Chiba-Chuo
There are 2 agents for the property as follows.
a.

Company name

Nomura Real Estate Urban Net Co., Ltd.

b.

Office address

1-26-2, Nishi-Shinjuku, Shinjuku-ku, Tokyoc.

Representative

CEO & President

Major business

1.
2.
3.
4.
5.

e.

CapitalJPY 1,000 millionf.

Foundation dateNovember 6, 2000

g.

Relationship with INV and its Asset management companyd.

Akira Kitamura

Agent for real estates
Asset consulting
Investment product development
Sale of a newly built assets
Insurance agency19As of today, the buyer is not in capital, personnel or transactional relationship with INV’s asset
management company. In addition, the buyer is not related party of INV or its asset managementcompany. And the buyer does not under the category of a related party as stipulated of the Law
Concerning Investment Trusts and Investment Corporations as well as related sponsors as defined in aself-rule of the asset management company as a countermeasure of a conflict of interest.
h.

Agent fee

JPY 739 ths (after tax)a.

Company name

Tokyu Livable Co.,Ltdb.

Office address

1-9-5, Dougenzaka, Shibuya-ku, Tokyoc.

Representative

CEO & President Yasuo Sodeyama

Major business

1.
2.
3.
4.

e.

CapitalJPY 1,396,300 ths

f.

Foundation date

March 10, 1972g.

Relationship with INV and its Asset management company

d.

h.

Agent for real estates
Business for sale on consignment
Leasing business for real estates
Business for sale of real estates

As of today, the buyer is not in capital, personnel or transactional relationship with INV’s asset
management company. In addition, the buyer is not related party of INV or its asset managementcompany. And the buyer does not under the category of a related party as stipulated of the Law
Concerning Investment Trusts and Investment Corporations as well as related sponsors as defined in aself-rule of the asset management company as a countermeasure of a conflict of interest.
The detail is not indicated as consent for disclosure of the agent fee has not
Agent feebeen obtained from the agent.

(4) PEIT Uchi-Kanda/ PEIT Komagata 1st
There are 2 agents for the properties as follows.
a.

Company name

Nomura Real Estate Urban Net Co., Ltd.

b.

Office address

1-26-2, Nishi-Shinjuku, Shinjuku-ku, Tokyoc.

Representative

CEO & President Akira Kitamura

Major business

1.
2.
3.
4.
5.

e.

CapitalJPY 1,000 millionf.

Foundation dateNovember 6, 2000

g.

Relationship with INV and its Asset management company

d.

Agent for real estates
Asset consulting
Investment product development
Sale of a newly built assets
Insurance agency

As of today, the buyer is not in capital, personnel or transactional relationship with INV’s asset
management company. In addition, the buyer is not related party of INV or its asset managementcompany. And the buyer does not under the category of a related party as stipulated of the Law
Concerning Investment Trusts and Investment Corporations as well as related sponsors as defined in aself-rule of the asset management company as a countermeasure of a conflict of interest.
h.

Agent fee

PEIT Uchi-Kanda: JPY 1,149 ths (after tax)
PEIT Komagata 1st: JPY 629 ths (after tax)a.

Company name

Mitsubishi UFJ Real Estate Services Co., Ltd.

20

b.

Office address

Iwanami Jimboucho Building 2F & 3F, Kanda Jimboucho, Chiyoda-ku, Tokyoc.

Representative

CEO Masanobu Umemurad.

Major business

1.
2.

e.

CapitalJPY 300,000 ths

f.

Foundation dateJune 14, 1988g.

Relationship with INV and its Asset management company

Agent for deal in ,exchange between, real estates and related business
Agent for deal in trust beneficiary interest in real estate

As of today, the buyer is not in capital, personnel or transactional relationship with INV’s asset
management company. In addition, the buyer is not related party of INV or its asset managementcompany. And the buyer does not under the category of a related party as stipulated of the Law
Concerning Investment Trusts and Investment Corporations as well as related sponsors as defined in aself-rule of the asset management company as a countermeasure of a conflict of interest.
h.

Agent fee

PEIT Uchi-Kanda: JPY 2,299 ths (after tax)
PEIT Komagata 1st: JPY 1,259 ths (after tax)

(5) PEIT Ikegami/ PEIT Ueno 3-chome 1st / PEIT Fukushima Jimbacho 1st / Stop Parking Kurihama
1st / Stop Parking Shin-Tokorozawa 1st / Stop Parking Shin-Tokorozawa 2nd / PEIT
Naka-Gofukumachi 1sta.

Company name

Nomura Real Estate Urban Net Co., Ltd.

b.

Office address

1-26-2, Nishi-Shinjuku, Shinjuku-ku, Tokyoc.

Representative

CEO & President Akira Kitamura

Major business

1.
2.
3.
4.
5.

e.

CapitalJPY 1,000 millionf.

Foundation dateNovember 6, 2000

g.

Relationship with Investment Corporation or its Asset management companyh.

As of today, the buyer is not in capital, personnel or transactional relationship with INV’s asset
management company. In addition, the buyer is not related party of INV or its asset managementcompany. And the buyer does not under the category of a related party as stipulated of the Law
Concerning Investment Trusts and Investment Corporations as well as related sponsors as defined in aself-rule of the asset management company as a countermeasure of a conflict of interest.
PEIT Ikegami: JPY 1,889 ths (after tax)
Agent fee
PEIT Ueno 3-chome 1st: JPY 2,309 ths (after tax)
PEIT Fukushima Jimbacho 1st: JPY 1,227 ths (after tax)
Stop Parking Kurihama 1st: JPY 1,364 ths (after tax)
Stop Parking Shin-Tokorozawa 1st: JPY 1,469 ths (after tax)
Stop Parking Shin-Tokorozawa 2nd: JPY 989 ths (after tax)
PEIT Naka-Gofukumachi 1st: JPY 599 ths (after tax)d.

Agent for real estates
Asset consulting
Investment product development
Sale of a newly built assets
Insurance agency

21

6. Schedule of sale(1) Montserrat Yotsuya
Date of sale decision

February 12, 2010

Scheduled contract dateFebruary 25, 2010

Scheduled date of proceeds

March 10, 2010

Scheduled sale date

March 10, 2010(2) Homest Ikejiri
Date of sale decision

February 12, 2010

Scheduled contract dateFebruary 25, 2010

Scheduled date of proceeds

March 11, 2010

Scheduled sale date

March 11, 2010

(3) Towa City Coop Asukayama-Koen/ Stop Parking Chiba-Chuo
Date of sale decision

February 12, 2010

Scheduled contract dateFebruary 22, 2010

Scheduled date of proceeds

February 22, 2010

Scheduled sale dateFebruary 22, 2010(4) PEIT Uchi-Kanda
Date of sale decision

February 12, 2010

Scheduled contract date

March 2, 2010

Scheduled date of proceeds

March 2, 2010

Scheduled sale date

March 2, 2010(5) PEIT Ikegami/ PEIT Ueno 3-chome 1stDate of sale decision

February 12, 2010

Scheduled contract dateFebruary 15, 2010

Scheduled date of proceeds

February 26, 2010

Scheduled sale dateFebruary 26, 2010(6) PEIT Komagata 1st
Date of sale decision

February 12, 2010

Scheduled contract dateFebruary 16, 2010

Scheduled date of proceeds

March 8, 2010

Scheduled sale date

March 8, 2010(7) PEIT Fukushima Jimbacho 1st
Date of sale decision

February 12, 2010

Scheduled contract dateFebruary 19, 2010

Scheduled date of proceeds

February 19, 2010

Scheduled sale dateFebruary 19, 201022

(8) Stop Parking Kurihama 1st
Date of sale decision

February 12, 2010

Scheduled contract dateFebruary 23, 2010

Scheduled date of proceeds

February 23, 2010

Scheduled sale dateFebruary 23, 2010(9) Stop Parking Shin-Tokorozawa 1st/ Stop Parking Shin-Tokorozawa 2nd
Date of sale decision

February 12, 2010

Scheduled contract dateFebruary 16, 2010

Scheduled date of proceeds

February 24, 2010

Scheduled sale dateFebruary 24, 2010(10) PEIT Naka-Gofukumachi 1st
Date of sale decision

February 12, 2010

Scheduled contract dateFebruary 15, 2010

Scheduled date of proceeds

February 25, 2010

Scheduled sale dateFebruary 25, 2010

7. Usage of Proceeds
The proceeds from the above sales is allocated to resources of repayment of a part of borrowings.
8. Future Outlook
Sale of the properties does not change the outlook on INV (former name: TGR)’s performance for
14th Fiscal Period Ended December 2009 (July 1, 2009 to December 31, 2009). (Note)
In addition, the forecast of its performance for the 15th Fiscal Period (January 1 2010 to December
31, 2010) will be announced in the Financial Summary for the 14th Fiscal Period on February 19,
2010.
(Note) Distribution payment is conditional upon being listed in the unitholder registry of TGR Investment Inc. as ofDecember 31, 2009.

23

[For Reference]
Portfolio List after the Sale
Before

No.

※

Type

Area

TGR

A04

-

Residence

The Greater Tokyo Area

Park Villa Yakumo

TGR

A06

-

Residence

The Greater Tokyo Area

J-stage Wakabayashi

TGR

A14

-

Residence

The Greater Tokyo Area

Habitation Claire

TGR

A15

-

Residence

The Greater Tokyo Area

TGR

A17

-

Residence

TGR

A18

-

TGR

A19

TGR

Merger

Property Name

Acquitision Price

Investment(mn JPY)

Ratio（％）

1,740

1.36

629

0.49

1,317

1.03

Court Core Yurigaoka

423

0.33

The Greater Tokyo Area

Comfort Naka Meguro

1,086

0.85

Residence

The Greater Tokyo Area

Growth Maison Waseda Tsurumaki

971

0.76

-

Residence

The Greater Tokyo Area

Growth Maison Ginza

734

0.57

A20

-

Residence

The Greater Tokyo Area

Claire Maison

678

0.53

TGR

A21

-

Residence

The Greater Tokyo Area

Inage Daiei Mansion

621

0.49

TGR

A23

-

Residence

The Greater Tokyo Area

Fine Court Tateishi

502

0.39

TGR

A26

-

Residence

The Greater Tokyo Area

Nisshin Palacestage Daitabashi

1,251

0.98

TGR

A27

-

Residence

The Greater Tokyo Area

Nisshin Palaistage Higashi-Nagasaki

1,229

0.96

TGR

A28

-

Residence

The Greater Tokyo Area

Growth Maison Gotanda

888

0.69

TGR

A29

-

Residence

The Greater Tokyo Area

Growth Maison Kameido

1,070

0.84

TGR

A30

-

Residence

The Greater Tokyo Area

Emerald House

1,505

1.18

TGR

A31

-

Residence

The Greater Tokyo Area

Harmonie Ochanomizu

1,428

1.12

TGR

A32

-

Residence

The Greater Tokyo Area

Suncrest Shakujii Koen

1,088

0.85

TGR

A33

-

Residence

The Greater Tokyo Area

Growth Maison Shin Yokohama

1,059

0.83

TGR

A34

-

Residence

The Greater Tokyo Area

Belle Face Ueno Okachimachi

1,023

0.80

TGR

A35

-

Residence

The Greater Tokyo Area

Grand Rire Kameido

906

0.71

TGR

A36

-

Residence

The Greater Tokyo Area

Growth Maison Ikebukuro

825

0.65

TGR

A37

-

Residence

The Greater Tokyo Area

Growth Maison Yoga

795

0.62

TGR

A38

-

Residence

The Greater Tokyo Area

Route Tachikawa

676

0.53

TGR

A39

-

Residence

The Greater Tokyo Area

Shibuya Honmachi Mansion

651

0.51

TGR

A40

-

Residence

The Greater Tokyo Area

City Heights Kinuta

646

0.51

TGR

A41

-

Residence

The Greater Tokyo Area

Acseeds Tower Kawaguchi Namiki

620

0.49

TGR

A42

-

Residence

The Greater Tokyo Area

Capital Heights Kagurazaka

604

0.47

TGR

A43

-

Residence

The Greater Tokyo Area

College Square Machida

589

0.46

TGR

A44

-

Residence

The Greater Tokyo Area

Belair Meguro

589

0.46

TGR

A45

-

Residence

The Greater Tokyo Area

Wacore Tsunashima Ⅰ

572

0.45

TGR

A46

-

Residence

The Greater Tokyo Area

Foros Nakamurabashi

566

0.44

TGR

A47

-

Residence

The Greater Tokyo Area

Growth Maison Kaijin

557

0.44

TGR

A48

-

Residence

The Greater Tokyo Area

College Square Machiya

510

0.40

TGR

A49

-

Residence

Main Provincial City

Century Toyabe

300

0.23

TGR

A50

-

Residence

The Greater Tokyo Area

Unifort Megro-Nakacho

1,500

1.17

LCP

A51

R-1

Residence

The Greater Tokyo Area

City House Tokyo Shinbashi

2,790

2.18

24

BeforeInvestment(mn JPY)

Ratio（％）

※

Type

Area

LCP

A52

R-3

Residence

The Greater Tokyo Area

Winbell Kagurazaka

3,690

2.89

LCP

A53

R-4

Residence

The Greater Tokyo Area

Nishiwaseda Cresent Mansion

2,190

1.71

LCP

A54

R-5

Residence

The Greater Tokyo Area

Lexington Square Akebonobashi

1,600

1.25

LCP

A56

R-7

Residence

The Greater Tokyo Area

Casa Eremitaggio

1,240

0.97

LCP

A57

R-9

Residence

The Greater Tokyo Area

Lexington Square Shimokitazawa

2,700

2.11

LCP

A59

R-11

Residence

The Greater Tokyo Area

Towa City Coop Shin-otsukaⅡ

937

0.73

LCP

A61

R-13

Residence

The Greater Tokyo Area

Bichsel Musashiseki

703

0.55

LCP

A62

R-14

Residence

The Greater Tokyo Area

Lexel Mansion Ueno Matsugaya

1,130

0.88

LCP

A63

R-16

Residence

The Greater Tokyo Area

Towa City Coop Sengencho

1,240

0.97

LCP

A64

R-17

Residence

Main Provincial City

Royal Park Omachi

564

0.44

LCP

A65

R-18

Residence

Main Provincial City

Lexington Square Haginomachi

411

0.32

LCP

A66

R-19

Residence

Main Provincial City

Visconti Kakuozan

397

0.31

LCP

A67

R-20

Residence

Main Provincial City

Lexington Square Kitahorie

596

0.47

LCP

A68

R-21

Residence

Main Provincial City

Lexington Square Shinmachi

421

0.33

LCP

A69

R-22

Residence

Main Provincial City

Luna Court Tsukamoto

632

0.49

LCP

A70

R-23

Residence

Main Provincial City

Lexington Square Fushimi

2,990

2.34

LCP

A71

R-24

Residence

The Greater Tokyo Area

Lexington Square Daitabashi

1,019

0.80

LCP

A72

R-25

Residence

The Greater Tokyo Area

525

0.41

LCP

A73

R-26

Residence

Main Provincial City

1,400

1.09

LCP

A74

R-27

Residence

The Greater Tokyo Area

7,660

5.99

LCP

A75

R-28

Residence

The Greater Tokyo Area

9,140

7.15

LCP

A76

R-29

Residence

The Greater Tokyo Area

1,780

1.39

LCP

A77

R-30

Residence

The Greater Tokyo Area

Sun Terrace Yoyogi Uehara

1,570

1.23

LCP

A78

R-31

Residence

The Greater Tokyo Area

Lexington Square Shinjuku Gyoen

1,390

1.09

LCP

A79

R-32

Residence

Main Provincial CityBIG TOWER Minami 3-Jo

2,870

2.24

81,74663.93

Merger

Property Name

Acquitision PriceNo.

Lexington Square
Honjo-Azumabashi
AMS TOWER Minami 6-Jo
Lexington Square Shirokane
Takanawa
Spacia Ebisu
The Palms Yoyogi Uehara Cosmo
Terrace

Subtotal of Residence
TGR

B03

-

OfficeThe Greater Tokyo Area

Nihonbashi 2nd Building

2,950

2.31

TGR

B06

-

Commercial

The Greater Tokyo Area

Imperial Higashi Kurume D

349

0.27

TGR

B08

-

OfficeThe Greater Tokyo Area

Kindai Kagaku Sha Building

1,301

1.02

TGR

B09

-

OfficeThe Greater Tokyo Area

Shinjuku Island

715

0.56

TGR

B10

-

Commercial

The Greater Tokyo Area

Baysite Court Yokohama

960

0.75

TGR

B11

-

Commercial

Main Provincial City

Yakuodo Hirosaki Yasuhara

410

0.32

TGR

B12

-

OfficeMain Provincial City

Kokura Kosan 7th/ 17th /20th

3,250

2.54

LCP

B13

O-1

OfficeThe Greater Tokyo Area

New Edobashi Building

8,770

6.86

LCP

B14

O-2

OfficeThe Greater Tokyo Area

Lexington Plaza Nishigotanda

7,160

5.60

25

Before

No.

※

Type

Area

LCP

B15

O-3

OfficeThe Greater Tokyo Area

LCP

B16

O-4

OfficeMain Provincial City

Ohki Aoba Building

LCP

B17

T-1

Commercial

Main Provincial City

LCP

B18

T-2

Commercial

Main Provincial City

Merger

Property Name

Acquitision Price

Investment(mn JPY)

Ratio（％）

Cross Square NAKANO

1,038

0.81

847

0.66

Lexington Plaza Hachiman

4,760

3.72

Loc Town Sukagawa

2,563

2.00

35,07327.43

Stop Parking Kanda-Sudacho

97

0.08

293

0.23

1,100

0.86

Subtotal of Office/ Commercial facility
TGR

C01

-

Parking

The Greater Tokyo Area

TGR

C03

-

Parking

Main Provincial City

Stop Parking Chiba-Chuo

TGR

C04

-

Parking

Main Provincial City

Stop Parking Tokuyama-eki-mae

TGR

C05

-

Parking

The Greater Tokyo Area

Kokura-Kosan East Parking

152

0.12

TGR

C06

-

Parking

The Greater Tokyo Area

Stop Cycle Shin-Koiwa 1st

150

0.12

TGR

C07

-

Parking

The Greater Tokyo Area

Stop Cycle Shin-Koiwa 2nd

112

0.09

TGR

C08

-

Parking

The Greater Tokyo Area

Stop Parking Hiratsuka-Beniyacho

81

0.06

TGR

C09

-

Parking

The Greater Tokyo Area

Stop Parking Kita-Urawa

59

0.05

TGR

C10

-

Parking

The Greater Tokyo Area

Stop Parking Shin-Matsuda

29

0.02

LCP

C20

T-3

Hotel

Main Provincial City

2,450

1.92

LCP

C21

T-4

Senior

The Greater Tokyo Area

Bon Sejour Chitose Funabashi

791

0.62

LCP

C22

T-5

Senior

The Greater Tokyo Area

Bon Sejour Yotsugi

765

0.60

LCP

C23

T-6

Senior

The Greater Tokyo Area

Bon Sejour Hino

699

0.55

LCP

C24

T-7

Senior

The Greater Tokyo Area

Bon Sejour Musashi-Shinjo

610

0.48

LCP

C25

T-8

SeniorMain Provincial City

1,940

1.52

LCP

C26

T-9

Senior

The Greater Tokyo Area

Bon Sejour Hadano Shibusawa

962

0.75

LCP

C27

T-10

SeniorMain Provincial CityBon Sejour Itami

748

0.58

Subtotal of Parking/ Hotel/ Senior

11,043

8.64

Total

127,864100.00

Lexington Plaza Hiroshima Otemachi

Bon Sejour Komaki(Note 1) Investment Ratio=individual acquisition price/ Total of acquisition price
Figures are rounded down to one decimal place.
(Note 2) “The Greater Tokyo Area” in area of the list above is defined as “Tokyo and Kanagawa, Chiba, Saitama prefectures”.
Also, “Main Provincial City” is defined as “Surrounding area of the Greater Tokyo Area” and main provincial cities such as“Ordinance-designated cities except for the Greater Tokyo Area” and surrounding area of Ordinance-designated cities.
(Note 3) ※ of the list above is showing property number of LCP before the merger with TGR.

Note: This English language notice is a translation of the Japanese language notice released on February 12, 2010 and
was prepared solely for the convenience of, and reference by, non-Japanese investors. No warranties or assurance are
given for its accuracy or completeness of this English translation.

26