August 18, 2021
To All Concerned Parties
Real Estate Investment Trust Securities Issuer
1-1-21 Toranomon, Minato-ku, Tokyo
marimo Regional Revitalization REIT, Inc.
Representative: Takashi Kitagata, Executive Director(Securities Code: 3470)
Asset Manager
Marimo Asset Management Co., Ltd.
Representative: Takashi Kitagata, CEOContact:
Katsuhiro Shimada, Financial Management Officer
TEL: +81-3-6205-4755
Notice Concerning Partial Amendments to the Management Guidelines of the Asset Manager
marimo Regional Revitalization REIT, Inc. (“marimo REIT”) hereby announces that Marimo Asset Management Co., Ltd.
(the “Asset Manager”), to which marimo REIT entrusts management of its assets, decided today to make partial
amendments to its management guidelines as described below on condition that the proposal for the partial
amendments to the Articles of Incorporation (the “Proposal”) will be approved as originally planned at the Fourth
General Meeting of Unitholders (the “General Meeting of Unitholders”) scheduled to be held on September 28, 2021.
For details of the Proposal, please refer to “Notice Concerning Partial Amendments to the Articles of Incorporation andAppointment of Directors” dated August 18, 2021.
1. Purpose and Background of the Amendment
marimo REIT invests in attractive residential, retail, hotel, office and parking properties in regional areas to build adiversified portfolio seeking diversification in terms of region and asset type, oriented toward securing both “relatively
high investment yield” and “stable earnings” and steady growth of assets under management.
In principle, the Asset Manager revises its management guidelines once a year based on the market trends, legal
system and economic conditions. It recognizes “logistics facilities” as an investment target asset contributing to themaintenance of the stability of the portfolio by taking into consideration the affinity with “regional areas” positioned
as the core investment area by marimo REIT, and submitted the Proposal of adding logistics facilities to the investment
target of marimo REIT to the General Meeting of Unitholders. Based on such situation, the Asset Manager will partiallyrevise the management guideline such as adding “logistics facilities” to the investment target of marimo REIT andreviewing the investment criteria by use in the management guideline of the Asset Manager as well.
The major content of the amendment is as shown in the table below. The amended parts are underlined.
2. Major Content of the Amendment
Before amendment(Portfolio Management Standards)
Article 5.
The portfolio management standards shallbe as below. A complete picture of each of
the management standards shall be as
shown in Attachment “① Investment
Criteria Matrix.”(1) Asset type
Invest mainly in residences and retail facilities as wellas in hotels, offices and parking properties.

1After amendment(Portfolio Management Standards)
Article 5. The portfolio management standards shallbe as below. A complete picture of each of
the management standards shall be as
shown in Attachment “① Investment
Criteria Matrix.”(1) Asset type
Invest mainly in residences and retail facilities aswell as in hotels, offices, logistics facilities andparking properties.

(2) - (4) (Omitted)(2) - (4) (No amendment)(5) Investment criteria by use① - ④ (Omitted)(Newly established)(5) Investment criteria by use① - ④ (No amendment)⑤ Logistics facilitiesi.
Investment areas
Invest mainly in regional areas and also in theTokyo metropolitan areaii.
Investment criteriaa Invest in properties in locations evaluated as
logistics bases (proximity and accessibility toconsumption and production areas, conveniencefor commuting, etc.)
b Invest in properties that are building facilities
with standard specifications (floor load, ceilingheight, column spacing, air-conditioning andlighting equipment, etc.) and have promising
management stability and asset value in light offactors such as locational conditions and status ofcompetition in surrounding areas.
c Invest in properties that have major tenantsfrom which stable revenue is expected in light ofthe status of leasing, rent level and type of contractand settlement of tenants can be expected.
iii.
Investment target
marimo REIT invests in logistics facilities ranging
widely between single-tenant and multi-tenant
logistics facilities.
⑥ Parking properties (Omitted)⑦ Land with leasehold interest (Omitted)⑤⑥

Parking properties (Omitted)
Land with leasehold interest (Omitted)

3. Date of the Amendment
September 28, 2021 (schedule)* It is conditional that the Proposal will be approved as originally planned at the General Meeting of Unitholders.

4. Outlook for Operating Forecasts
The Amendment will have no impact on the operating forecasts.
5. OtherAn extraordinary securities report is scheduled to be submitted to the Director-General of the Kanto Local Finance
Bureau on September 28, 2021.
*Website of marimo REIT: https://www.marimo-reit.co.jp/en/2