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.

July 27, 2012
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

Proposed Unitholder Resolutions for New Directors
Ichigo Real Estate Investment Corporation (“Ichigo REIT”) decided at its board of directors
meeting today to submit the below proposals for the election of directors at the seventh general
meeting of unitholders scheduled for September 8, 2012.
The term of directors will become effective at the time of resolution at the seventh general
meeting of unitholders.
1. Election of Directors
The term of the Executive Director and each Supervisory Director of Ichigo REIT will expire on
September 15, 2012. Accordingly, Ichigo REIT’s board is proposing the election of a new
Executive Director and new Supervisory Directors as of September 16, 2012.
The resolution at the sixth general meeting of unitholders for the election of an Alternative
Executive Director and an Alternative Supervisory Director will become ineffective at thebeginning of the seventh general meeting of unitholders. To maintain the minimum number of
executive directors in any case as required by law and ordinance, Ichigo REIT’s board isproposing the election of a new Alternative Executive Director and a new AlternativeSupervisory Director at the seventh general meeting of unitholders.
2. Candidates for Office
Candidate for Executive Director: Yoshihiro Takatsuka (current)
Candidates for Supervisory Directors: Takaaki Fukunaga (current), Masahiro Terada (current)
Candidate for Alternative Executive Director: Seiichi Muramatsu (current)
Candidate for Alternative Supervisory Director: Shozo Kudo (new appointment)
There is no special relationship between Ichigo REIT and the candidates.
* Career Summary of Candidates

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

Title

Name(Birth Date)

ExecutiveDirector(Candidate)

Yoshihiro
Takatsuka(September 21,1955)

Supervisory
Director(Candidate)

Takaaki
Fukunaga(October 29,1972)

Supervisory
Director(Candidate)

Masahiro
Terada(May 7, 1968)

Career Summary, Positions, Responsibilities andImportant Concurrent Positions
April 1978
Joined Bank of Tokyo, Ltd.
April 1985
Joined Salomon Brothers Asia Securities,Ltd.
December 1996 Joined Chase Securities Company
December 2000 Joined Nikko Citigroup Securities Limited
August 2007
Joined Credit Suisse Securities JapanLimitedJuly 2010
Established R’s Consulting as thePresident (current)
September 2010 Joined Ichigo REIT and appointed
Executive Director (current)
September 2011 Joined Oct Advisors Inc. as Partner(current)
October 1998
Joined KPMG Tokyo
October 2004
Established Fukunaga Acccounting Officeas Representative (current)
October 2005
Joined Global Solutions Consulting, Ltd.
and appointed Representative Director(current)
November 2009 Joined Mirai Co., Ltd. and appointed
Director (current)
September 2010 Joined Ichigo REIT and appointed
Supervisory Director (current)
April 1996
Qualified as Attorney at Law (DainiTokyo Bar Association)
May 1998
Joined Daiwa Securities Co., Ltd.
(presently Daiwa Securities Group Inc.) asCorporate Lawyer
May 2000
Joined Morgan Stanley Japan Limited(presently Morgan Stanley MUFGSecurities Co., Ltd.) as Corporate Lawyer
August 2002
Attended Duke University School of Law
September 2003 Joined Nixon Peabody LLP
August 2004
Joined City-Yuwa Partners
January 2006
Appointed Partner (current)
October 2011
Joined Ichigo REIT and appointed
Supervisory Director (current)2Alternative
ExecutiveDirector(Candidate)

Seiichi
Muramatsu(March 23,1948)

September 1971
March 1993
July 2002
March 2003
February 2005February 2008
June 2009
March 2011

March 1974
May 1982
AlternativeSupervisoryDirector(Candidate)Shozo Kudo
(August 19,1948)

February 1986
March 1986
July 1988
July 2008

3

Joined First National City Bank
Joined Union Bank of Switzerland
Auditor, Pacific Management
Auditor, Pacific Residential Corporation
Auditor, Pacific Commercial Investment
CorporationAuditor, Pacific Realty Corporation
Auditor, Daiichi Kasei Co., Ltd. (current)
Executive Director, pre-merger Ichigo
Real Estate Investment Corporation(absorbed by Ichigo REIT throughmerger)
Joined Kanebo, Ltd.
Joined The Tanizawa Sogo Appraisal Co.,Ltd.
Qualified as Real Estate Appraiser
Established Institute of Real EstateManagement
Established Institute of Real EstateManagement Co., Ltd. (current)
Supervisory Director, FC Residential
Investment Corporation (presently IchigoREIT)