Creating peace of mind through honest and committed management.

[Provisional Translation Only]
This English translation of the original Japanese document is provided solely for information purposes.
Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

September 5, 2014
REIT Issuer
Ichigo Real Estate Investment Corporation (8975)
1-1-1, Uchisaiwaicho, Chiyoda-ku, Tokyo
Representative: Yoshihiro Takatsuka, Executive Director
Asset Management Company
Ichigo Real Estate Investment Advisors Co., Ltd.
Representative: Wataru Orii, President & Representative Statutory Executive Officer
Inquiries: Minoru Ishihara, Executive Vice President & Statutory Executive Officer
Tel: 03-3502-4891

Ichigo REIT Portfolio Occupancy (Flash Data) – August 2014
Ichigo Real Estate Investment Corporation (“Ichigo REIT”) hereby announces its portfolio
occupancy as of the end of August 2014:95.5%

End of August2014(Flash: B)
96.0%

Offices (O)

95.0%

95.6%

+0.6%

Residences (R)

97.2%

97.2%

－Others (Z)

96.2%

96.2%

－

95.0%

95.8%

+0.8%

95.8%

95.6%

-0.2%

96.8%

97.6%

+0.8%

95.3%95.3%－71515
170,801.53m2
163,179.03m2

71519
170,800m2
163,800m2－+4

End of July 2014
(Final: A)
Total
By AssetTypeCentral TokyoTokyo
Metropolitan Area
By Area
Four Major
Regional Cities
Other RegionalCities
No. of Properties
No. of Tenants
Leasable Area
Leased Area

Difference
(B-A)
+0.5%

(Note 1) The above figures have not been audited.
(Note 2) Leasable Area is the total space of the individual properties that is available to be leased
and is subject to minor adjustments due to refurbishing or individual rental contract terms.
(Note 3) “Central Tokyo” refers to Chiyoda, Minato, Chuo, Shinjuku, Shibuya, and Shinagawa
Wards. “Tokyo Metropolitan Area” refers to Tokyo (excluding the six wards above),
Kanagawa, Chiba, and Saitama Prefectures. “Four Major Regional Cities” refers to Osaka,Nagoya, Fukuoka, and Sapporo.
(Note 4) Leasable Area and Leased Area for Flash Data are rounded down to the nearest hundred
square meters.

1Explanation of Changes
New tenant leases at Hanzomon Building and Ichigo Meieki Building have contributed to theimproved occupancy in Offices, Central Tokyo, and Other Regional Cities.
Leasing and Value Enhancement Activities
Since 2012, Ichigo REIT has been promoting a new service, “Ichigo Layout Office,” as one of its
value-add renovation activities. The service offers tenants a newly renovated office space rather
than the empty skeleton spaces that are typically leased to tenants in Japan. Because the Ichigo
Layout Office renovation to one of the floors at the Ichigo Jimbocho Building led to rapid
lease-up, another Ichigo Layout Office will also be created on a different floor where a contract
has recently been terminated.
Ichigo Layout Office renovations conducted on other assets such as the Ichigo Shiba Koen
Building and Ichigo Uchikanda Building have also been successful in driving new leasing
demand, demonstrating the service’s effectiveness.
Ichigo REIT will continue to carry out its leasing and value enhancement activities withvalue-add services tailored to each asset to increase tenant satisfaction and achieve rapid
lease-ups.
Ichigo Jimbocho Building Office Layout Image

Website of Ichigo REIT: www.ichigo-reit.co.jp/english

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