(Securities Code: 8972)
December 22, 2017

To Our Investors
Naokatsu Uchida
Executive Director
Kenedix Office Investment Corporation
6-5 Nihombashi Kabutocho, Chuo-ku, Tokyo

Notice Concerning the Ninth General Meeting of Unitholders
You are cordially invited to attend the Ninth General Meeting of Unitholders of Kenedix Office
Investment Corporation (“the Investment Corporation”). The Meeting will be held as described below.
If you are unable to attend the Meeting, you can exercise your voting rights in writing. Please review the“Reference Material for the General Meeting of Unitholders” mentioned below, vote on the proposals in
the enclosed Voting Rights Exercise Form, and return it by no later than 5:00 p.m. January 22, 2018
(Monday).
In addition, the Investment Corporation established the provision of “deemed approval” in Article 15 of
the current Articles of Incorporation pursuant to Article 93, paragraph 1 of the Act on Investment Trusts
and Investment Corporations. Accordingly, if you are unable to attend the Meeting and are unable to voteusing the Voting Rights Exercise Form, please be aware that you will be deemed as having attended andapproved each agenda.
(Excerpt from the Investment Corporation’s Current Articles of Incorporation)
Article 15 (Deemed Approval)
1. Unitholder non-attendance at the General Meeting of Unitholders and non-voting shall be deemed as
unitholder approval of agenda items submitted to the General Meeting of Unitholders (when multiple
agenda items have been submitted, if any are contradictory, said agenda items shall be omitted).
2. The unitholder votes deemed as having approved agenda items according to the preceding Paragraphwill be added to the votes cast by attending unitholders.
1. Date and Time
11:00 a.m., January 23, 2018 (Tuesday)(start accepting 10:30 a.m.)
2. Place
2-1 Nihombashi Kabutocho, Chuo-ku, Tokyo
Tokyo Stock Exchange, Inc. 2F, Tosho Hall
3. Agenda of the Meeting
Resolution Agendas:
Agenda No. 1: Changes to the Articles of Incorporation
Agenda No. 2: Election of One (1) Executive Director
Agenda No. 3: Election of One (1) Alternate Executive Director
Agenda No. 4: Election of Three (3) Supervisory Directors

1---------------------------------------------------------------------------------------- --------------------------------------(Requests)
・ For those attending the meeting, please present the enclosed Voting Rights Exercise Form at thereception desk.
・ For those voting by proxy, a unitholder can vote by having another individual unitholder who holds
voting rights attend the General Meeting of Unitholders and act as proxy. In that case, please submit aPower of Representation Form and a Voting Rights Exercise Form at the reception desk.
・ Upon attendance, once again please bring this notice for resource-saving.
(Information)
・ When it is necessary to revise the matters to be described in the Reference Materials for the General
Meeting of Unitholders by the day before the General Meeting of Unitholders, we will post therevisions on the Investment Corporation’s website (http://www.kdo-reit.com/en/).
・ After the General Meeting of Unitholders, Kenedix Real Estate Fund Management, Inc., theInvestment Corporation’s asset management company, plans to present the Asset Management Status
Briefing.

2

Reference Material for the General Meeting of Unitholders
Agenda and Reference Matter
Agenda No. 1: Changes to the Articles of Incorporation
1. Reasons for the Changes(1) Since the head office location of Kenedix Real Estate Fund Management, Inc., the Investment
Corporation’s Asset Management Company, has been changed to Chiyoda-ku, Tokyo, theInvestment Corporation’s head office location shall be also changed from Chuo-ku, Tokyo to
Chiyoda-ku, Tokyo (concerning Article 3 of the current Articles of Incorporation).
(2) The time of payment of the Accounting Auditor’s compensation shall be changed to be no later
than the last day of the month following the month when the Investment Corporation receives all
audit reports in order to secure the flexibility of the time of payment of the Accounting Auditor’scompensation (concerning Article 29 of the current Articles of Incorporation).
(3) The provisions of the cash distribution policies shall be changed in order to ensure the consistencyof the definition of earnings, out of total amount for distribution to unitholders, with the provisionsof the the Act on Investment Trusts and Investment Corporations (Act No. 198 of the year 1951,
including amendments thereafter) (concerning Article 35 of the current Articles of Incorporation).
(4) In order to further enhance the linkage between the amount of asset management fees to the AssetManagement Company and distribution per unit that is an important indicator for unitholder
profits, the rate to calculate the Asset Management Fee I linked to the Investment Corporation’s
total assets shall be reduced from 0.15% to 0.13%, and the basis to calculate the Asset Management
Fee II shall be changed from distributable amount to the amount of distribution per unit.
Furthermore, the Asset Management Fee III to be paid only when the distribution per unit stably
increases shall be newly established in order to provide the Asset Management Company withincentives for stable growth of distribution per unit.
In addition, concerning these Asset Management Fees II and III, in the case where the Investment
Corporation has made acquisitions of treasury investment unit and others, the provisions shall be
added to the effect that necessary adjustments shall be added to the formula (concerning
Attachment 3 of the current Articles of Incorporation).
(5) The changes in the provisions in the above (4) shall be stipulated in the supplementary provisions
so that such changes may be effective as of May 1, 2018 which is the first day of the Investment
Corporation’s 27th fiscal period (concerning Article 39 of the proposed amendments).
(6) In addition to the above changes, expressions shall be changed and clarified, words and phrases
shall be revised, and other changes shall be made due to consistencies with the wording of
applicable laws, clarification of provisions, etc.

3

2. Details of the Amendments
Details of the amendments are as follows.
(Underlined parts are amended.)
Proposed Amendments

Current Articles of Incorporation
Article 2 (Purpose)
The Investment Corporation’s purpose is, inaccordance with the “Act on Investment Trusts andInvestment Corporations” (Act No. 198 of the year
1951, including amendments thereafter; hereinafter,
the “Investment Trusts Act”), to invest the assets of
the Investment Corporation primarily in real estate,etc. (as defined in the Ordinance for Enforcement of
the Act on Investment Trusts and Investment
Corporations (Ordinance of the Prime Minister's
Office No. 129 of the year 2000, including subsequent
amendments; hereinafter “Investment Trusts Act
Enforcement Ordinance”) among specified assets(assets referred to in Article 2, paragraph 1 of theInvestment Trusts Act; the same shall apply
hereinafter).

Article 2 (Purpose)
The Investment Corporation’s purpose is, inaccordance with the Act on Investment Trusts andInvestment Corporations (Act No. 198 of the year
1951, including amendments thereafter; hereinafter,
the “Investment Trusts Act”), to invest the assets of
the Investment Corporation primarily in real estate,etc. (as defined in the Ordinance for Enforcement of
the Act on Investment Trusts and Investment
Corporations (Ordinance of the Prime Minister's
Office No. 129 of the year 2000, including subsequent
amendments) (hereinafter “Investment Trusts Act
Enforcement Ordinance”) among specified assets(assets referred to in Article 2, paragraph 1 of theInvestment Trusts Act; the same shall apply
hereinafter).
[Note] Due to a minor amendment in Japanese,
there is no effect in English

Article 3 (Head Office Address)
The Investment Corporation locates the head office at
Chuo-ward, Tokyo

Article 3 (Head Office Address)
The Investment Corporation locates the head office at
Chiyoda-ward, Tokyo

Article 29 (Basis of the Accounting Auditor’sCompensation)
The Accounting Auditor’s compensation shall be no
more than 15 million yen for each fiscal period that is
subject to audit and shall be an amount approved by
the Board of Directors. The compensation shall be
paid within one month after receiving all audit reports
required by the Investment Trust Act and otherregulatory requirements for the relevant fiscal period.

Article 29 (Basis of the Accounting Auditor’sCompensation)
The Accounting Auditor’s compensation shall be no
more than 15 million yen for each fiscal period that is
subject to audit and shall be an amount approved by
the Board of Directors. The compensation shall be
paid no later than the last day of the month following
the month including receiving date of all audit reports
required by the Investment Trust Act and otherregulatory requirements for the relevant fiscal period.

Article 33 (Debt Financing and Investment Corporation
Bond Issue Limit)
1. With the goal of securing stable profits and thesustained growth of managed assets, the Investment
Corporation shall be able to execute debt financing
and issue Investment Corporation bonds (includes
short-term investment corporation bonds, the same
shall apply hereinafter). When the Investment
Corporation borrows funds, lenders shall be limited toqualified institutional investors (limited to institutional
investors as designated in Article 67-15 of the Act on
Special Measures Concerning Taxation (Act No. 26 of
1957, including subsequent amendments) (hereinafter,
the “Special Taxation Measures Law”)) as defined in
Article 2, Paragraph 3 (1) of the Financial Instruments
and Exchange Act.

Article 33 (Debt Financing and Investment Corporation
Bond Issue Limit)
1. With the goal of securing stable profits and thesustained growth of managed assets, the Investment
Corporation shall be able to execute debt financing
and issue Investment Corporation bonds (includes
short-term investment corporation bonds, the same
shall apply hereinafter). When the Investment
Corporation borrows funds, lenders shall be limited toqualified institutional investors (limited to institutional
investors as designated in Article 67-15 of the Act on
Special Measures Concerning Taxation (Act No. 26 of
1957, including subsequent amendments) (hereinafter,
the “Special Taxation Measures Law”)) as defined in
Article 2, Paragraph 3 (1) of the Financial Instruments
and Exchange Act (Act No. 25 of 1948, including
subsequent amendments).

4

2.～3.

Current Articles of Incorporation(Details Omitted)

2.～3.

Proposed Amendments(No Change)

Article 35 (Cash Distribution Policies)
The Investment Corporation shall, in principle, pay
distributions based on the following policies:(1) Distribution of earnings①Out of the total amount for distribution to unitholders,the amount of earnings as defined in the Investment
Trust Act (hereinafter “distributable amount”) shall be
the earnings calculated in accordance with generally
accepted corporate accounting practices in Japan (theamount calculated by subtracting total liabilities fromtotal assets (net assets) on the balance sheet as of theend of fiscal period, and then subtracting the sum ofunitholders’ capital, capital surplus, and valuation andtranslation adjustments (unitholders’ capital, etc.).
②(Details Omitted)(2)～(5)(Details Omitted)

Article 35 (Cash Distribution Policies)
The Investment Corporation shall, in principle, pay
distributions based on the following policies:(1) Distribution of earnings①Out of the total amount for distribution to unitholders,the amount of earnings (as provided under Article 136,
paragraph 1 of the Investment Trust Act) (hereinafter“distributable amount”) shall be calculated inaccordance with generally accepted corporate
accounting practices in Japan.

(Newly Established)

Article 39 (Effectuation of Changes)
The changes to the Articles of Incorporation described in
Attachment 3 shall be effective as of May 1, 2018. This
Article shall be deleted after the effectuation of suchchanges.

②(2)～(5)(No Change)(No Change)

Attachment 1
Asset Management Target and Policies

Attachment 1
Asset Management Target and Policies

Asset Management Basic Policies(Details Omitted)
Investment Policies(Details Omitted)
Types, Purposes and Scope of Specified Assets Targeted
for Asset Management
1.～3.
(Details Omitted)
4. (1)～(3)(Details Omitted)(4) Marketable securities (stipulated under Article 3,
paragraph 1 of the Order for Enforcement of the Act
on Investment Trusts and Investment Corporations(Cabinet Order No. 480 of 2000, including subsequent
revisions) (hereinafter “Investment Trust Act
Enforcement Order”) (However, that excludes the
specified assets raised in each item in the preceding
paragraph, this paragraph and the following
paragraph.))Asset Management Basic Policies(No Change)
Investment Policies(No Change)
Types, Purposes and Scope of Specified Assets Targeted
for Asset Management
1.～3.
(No Change)
4. (1)～(3)(No Change)(4) Marketable securities (stipulated under Article 3,
paragraph 1 of the Order for Enforcement of the Act
on Investment Trusts and Investment Corporations(Cabinet Order No. 480 of 2000; including subsequent
revisions) (hereinafter “Investment Trust Act
Enforcement Order”) (However, that excludes the
specified assets raised in each item in the preceding
paragraph, this paragraph and the following
paragraph.))[Note] Due to a minor amendment in Japanese,
there is no effect in English(5)～(8)(No Change)(5)～(8)(Details Omitted)

Investment Limitations(Details Omitted)

Investment Limitations(No Change)

Purposes and Scope of Lease of Incorporated Assets(Details Omitted)

Purposes and Scope of Lease of Incorporated Assets(No Change)5Current Articles of Incorporation

Proposed Amendments

Attachment 3

Attachment 3

Asset Management Fees to
the Asset Management Company

Asset Management Fees to
the Asset Management Company

The asset management fees that the Investment
Corporation pays to the Asset Management Company forthe management of assets are comprised of AssetManagement Fees I and II, Acquisition Fees, andDisposition Fees. The actual amount, calculation method,and date of payment of aforementioned fees shall be as
follows. The Investment Corporation shall transfer anamount equivalent to the aforementioned fees including
consumption taxes to the account specified by the AssetManagement Company.

The asset management fees that the Investment
Corporation pays to the Asset Management Company forthe management of assets are comprised of AssetManagement Fees I, II and III, Acquisition Fees, andDisposition Fees. The actual amount, calculation method,and date of payment of aforementioned fees shall be as
follows. The Investment Corporation shall transfer anamount equivalent to the aforementioned fees including
consumption taxes to the account specified by the AssetManagement Company.

(1) Asset Management Fee I
Asset Management Fee I shall be the amount arrived atwhen the amount of total assets is multiplied by 0.15%(rounded down to the nearest one yen). “Total assets”
shall be the amount recorded in the Investment
Corporation’s balance sheets (limited only to those
approved by Article 131, paragraph 2 of the Investment
Trust Act) for the fiscal period of the Investment
Corporation immediately preceding the first day of therelevant fiscal period.
The payment date of Asset Management Fee I shall bewithin the relevant fiscal period.

(1) Asset Management Fee I
Asset Management Fee I shall be the amount arrived atwhen the amount of total assets is multiplied by 0.13%(rounded down to the nearest one yen).
The payment date of Asset Management Fee I shall bewithin the relevant fiscal period.

(2) Asset Management Fee II
The Asset Management Fee II shall be obtained bymultiplying the distributable amount calculated for eachfiscal period by 3.0% (rounded down to the nearest oneyen). “Distributable amount” shall be, when there is aloss carried forward in income before income taxes
before the deduction of Asset Management Fee II
calculated in accordance with generally accepted
corporate accounting practices in Japan, the amount after
compensating such amount.
The payment date of the Asset Management Fee II shallbe within one month from the date when the Board of
Directors approved the financial statements, etc. (asprovided under Article 129 of the Investment Trust Act)for the relevant fiscal period.

(2) Asset Management Fee II
The Asset Management Fee II shall be obtained bymultiplying the distribution per unit before the deductionof Asset Management Fees II and III by 23,000 (rounded
down to the nearest one yen).
The payment date of the Asset Management Fee II shallbe within one month from the date when the Board of
Directors approved the financial statements, etc. for the
relevant fiscal period.

(Newly Established)(3) Asset Management Fee III
The Asset Management Fee III shall be obtained bysubtracting (ii) simple average of distributions per unit
before the deduction of Asset Management Fees II and
III for the most recent four fiscal periods from (i)distribution per unit before the deduction of AssetManagement Fees II and III, and multiplying by (iii) the
number of outstanding investment units as of the end of
the relevant fiscal period, and then multiplying by (iv)
10.0% (rounded down to the nearest one yen); provided,
however, that if the amount calculated by subtracting (ii)6Current Articles of Incorporation

Proposed Amendments
simple average of distributions per unit before thededuction of Asset Management Fees II and III for themost recent four fiscal periods from (i) distribution perunit before the deduction of Asset Management Fees II
and III does not exceed zero, the Asset Management Fee
III shall be zero.
The payment date of the Asset Management Fee III shallbe within one month from the date when the Board of
Directors approved the financial statements, etc. for the
relevant fiscal period.

(3) Acquisition Fees
When the Investment Corporation has acquired specified
assets, the acquisition fees shall be obtained bymultiplying the acquisition price (excluding, however,consumption taxes and expenses associated with theacquisition) by 0.5%. In addition, with respect to theacquisition of specified assets from an related party
set forth in the Related-party Transaction Rules of theAsset Management Company, the acquisition fees shallbe obtained by multiplying said acquisition price(excluding, however, consumption taxes andacquisition-related expenses) by 0.25%.
The payment date of the acquisition fees shall bewithin one month of the date when the Investment
Corporation acquired the relevant assets (the date when
the transfer of rights such as transfer of proprietary
ownership goes into effect).

(4) Acquisition Fees
When the Investment Corporation has acquired specified
assets, the acquisition fees shall be obtained bymultiplying the acquisition price (excluding, however,consumption taxes and expenses associated with theacquisition) by 0.5% (rounded down to the nearest oneyen). In addition, with respect to theacquisition of specified assets from an related party
set forth in the Related-party Transaction Rules of theAsset Management Company, the acquisition fees shallbe obtained by multiplying said acquisition price(excluding, however, consumption taxes andacquisition-related expenses) by 0.25% (rounded down
to the nearest one yen).
The payment date of the acquisition fees shall bewithin one month of the date when the Investment
Corporation acquired the relevant assets.

(4) Disposition Fees
When the Investment Corporation has disposed specified
assets, the disposition fees shall be obtained bymultiplying the disposition price (excluding, however,consumption taxes and expenses associated with thedisposition) by up to 0.5%.
The payment date of the disposition fees shall be within
one month from the date when the Investment
Corporation disposed of the relevant assets (the datewhen the transfer of rights such as transfer of proprietary
ownership goes into effect).

(5) Disposition Fees
When the Investment Corporation has disposed specified
assets, the disposition fees shall be obtained bymultiplying the disposition price (excluding, however,consumption taxes and expenses associated with thedisposition) by up to 0.5% (rounded down to the nearest
one yen).
The payment date of the disposition fees shall be within
one month from the date when the Investment
Corporation disposed of the relevant assets.

(Newly Established)(6) Adjustment Provisions①When the Investment Corporation has acquired
treasury investment units and holds treasury
investment units that are not disposed of or are notretired in the fiscal period when the Investment
Corporation has acquired such treasury investment
units, in calculating the distribution per unit before thededuction of Asset Management Fees II and III, thenumber of outstanding investment units as of the endof the relevant fiscal period shall be calculated as thenumber calculated by subtracting the treasury
investment units held by the Investment Corporation.
②When the Investment Corporation’s investment units
have been split and the number of outstanding

7

Current Articles of Incorporation

Proposed Amendments
investment units has increased, in calculating the
distribution per unit before the deduction of AssetManagement Fees II and III on and after the effective
date of such split of investment units, it shall be
adjusted by multiplying by the split ratio.
③When the Investment Corporation’s investment units
have been split and the number of outstanding
investment units has increased, in calculating thesimple average of distributions per unit before thededuction of Asset Management Fees II and III for themost recent four fiscal periods on and after theeffective date of such split of investment units, thedistribution per unit before the deduction of AssetManagement Fees II and III for each fiscal period shallbe adjusted pursuant to the provisions of the above ②
on the assumption that the investment unit spilt
conducted during the most recent four fiscal periods
including the fiscal period in which the effective datefalls has come into effect on the first day of the firstfiscal period of the relevant four fiscal periods.
④When the rights offering was made and the number ofoutstanding investment units has increased, in
calculating the distribution per unit before thededuction of Asset Management Fees II and III on andafter the issue date related to such rights offering, it
shall be adjusted by multiplying the ratio of allocation
without contribution.
⑤When the rights offering was made and the number ofoutstanding investment units has increased, in
calculating the simple average of distributions per unit
before the deduction of Asset Management Fees II and
III for the most recent four fiscal periods on and after
the issue date related to such rights offering, thedistribution per unit before the deduction of AssetManagement Fees II and III for each fiscal period shallbe adjusted pursuant to the provisions of the above ④
on the assumption that the rights offering made during
the most recent four fiscal periods including the fiscal
period in which the issue date falls was made on thefirst day of the first fiscal period of the relevant four
fiscal periods.

(Newly Established)(7) Meaning of Terms
The terms set forth below in this Attachment shall havethe following meanings.
①“Total assets” means total assets stated in the balance
sheet (limited to that approved pursuant to theprovisions of Article 131, paragraph 2 of theInvestment Trust Act) as of the end of the Investment
Corporation’s fiscal period immediately prior to thefirst day of the fiscal period that is subject to AssetManagement Fee I for each fiscal period.
②“Distribution per unit before the deduction of AssetManagement Fees II and III” means the amountcalculated using the following formula for each of the8Current Articles of Incorporation

Proposed Amendments
Investment Corporation’s fiscal periods that is subject
to Asset Management Fee II or III (rounded down to
the nearest one yen):<Formula>
Distribution per unit before the deduction of AssetManagement Fees II and III = A/B
A: When there is a loss carried forward, the amountcalculated by subtracting the loss carried forwardfrom net income before Asset Management Fees II
and III for the relevant fiscal period
B: The number of outstanding investment units as ofthe end of the relevant fiscal period③“Net Income before Asset Management Fees II andIII” means the income before income taxes before
Asset Management Fees II and III calculated inaccordance with generally accepted corporate
accounting practices in Japan for each of theInvestment Corporation’s fiscal periods that is subject
to Asset Management Fee II or III (including nondeductible consumption taxes associated with theseFees); provided, however, that the net income before
Asset Management Fees II and III for the fiscal period
before the day prior to May 1, 2018 means the income
before income taxes before Asset Management Fee II(including
non-deductible
consumption
taxes
associated with such Fee) for the relevant fiscal
period.
④“Financial statements, etc.” means the financial
statements, etc. as provided under Article 129 of theInvestment Trust Act.
⑤“Simple average of distributions per unit before thededuction of Asset Management Fees II and III for themost recent four fiscal periods” means the distribution
per unit before the deduction of Asset Management
Fees II and III for the most recent four fiscal periods
including each of the Investment Corporation’s fiscal
period that is subject to Asset Management Fee III
simply averaged for each of the relevant fiscal periods.
⑥“Date when the Investment Corporation acquired therelevant assets” means the date when the transfer ofrights such as transfer of proprietary ownership on
specified assets that are subject to acquisition fees
goes into effect.
⑦“Date when the Investment Corporation disposed of
the relevant assets” means the date when the transfer
of rights such as transfer of proprietary ownership on
specified assets that are subject to disposition fees
goes into effect.
⑧“Split ratio” means, when the Investment
Corporation’s investment units have been split and thenumber of outstanding investment units has increased,
the ratio calculated by dividing the number ofoutstanding investment units immediately after theenforcement of such split of investment units by the
number of outstanding investment units immediately

9Current Articles of Incorporation

Proposed Amendments
prior to the enforcement of such split of investment
units.
⑨“Rights offering” means an issuance of new
investment units through exercise of new investment
unit subscription rights related to allotment without
contribution to unitholders.
⑩“Ratio of allotment without contribution” means theratio calculated using the following formula when therights offering was made:<Formula>
Ratio of allocation without contribution = A/B
A: The number of investment units calculated bysubtracting the number of investment units issued
at deemed market price from the number ofoutstanding investment units immediately after
such rights offering
B: The number of outstanding investment units
immediately prior to such rights offering⑪“Number of investment units issued at deemed market
price” means, when the rights offering was made, thenumber of investment units calculated by multiplying
the number of increased investment units by the ratio
obtained by dividing the paid-in amount per unit at thetime of exercise of investment unit subscription rights
allocated without contribution through such offeringrights by the market price per unit (or the ratio
resolved at the Board of Directors; rounded down to
the nearest one unit).
⑫“Number of increased investment units” means thenumber of investment units increased through rights
offering when such rights offering was made.

10

Agenda No. 2: Election of One (1) Executive Director
This is to request the appointment of one Executive Director as of February 3, 2018 since Executive
Director Naokatsu Uchida’s term of office expires on February 2, 2018.
Concerning Agenda No. 2, the term of office of an Executive Director shall be two years, commencing
February 3, 2018 as stipulated under Article 20, paragraph 2 of the current Articles of Incorporation.
Agenda No. 2 was unanimously approved for submission by all Supervisory Directors of the Investment
Corporation at a Board of Directors meeting held on December 6, 2017.
The candidate for the Executive Director position is as follows
Name(Birth Date)

Brief Personal History
April 1990

Number of theInvestment
Corporation’s
investment units
hold

Joined Mitsubishi Trust Banking Corporation, Kyoto
BranchApril 1995
Transferred to Business Development Division
April 1998
Transferred to Real Estate Division
April 2005
Transferred to Real Estate Project Origination Division
October 2007
Joined MAC Advisers Inc.
November 2007
Joined MAC Investment Management Inc.as a CEO
June 2009
Joined Joint Asset Management Co., Ltd. as a CEO
January 2010
Joined Kenedix REIT Management, Inc., Financial
Planning Department
Naokatsu Uchida
January 2011
Assigned as a Senior Manager of Financial Planning
0 Unit(December 23, 1967)
Department
February 2012
Assigned as a President and CEO
March 2012
Executive Director of Kenedix Realty Investment
Corporation (currently Kenedix Office Investment
Corporation) (current position)
October 2013
Director and COO, Head of KRI Fund Department ofKenedix Real Estate Fund Management, Inc.
February 2014
Director and COO, Head of Office REIT Department
of Kenedix Real Estate Fund Management, Inc.
(current position)
1. Corporate names are in principle stated at that time. With regards to the Investment Corporation,
corporate names are stated at that time of the inaugurations and current ones are noted in brackets.
2. The abovementioned Executive Director candidate is currently the Director and COO, Head of Office
REIT Department of Kenedix Real Estate Fund Management, Inc., which the Investment Corporation has
concluded the Asset Management Agreement.
3. There is no special interest between the Investment Corporation and the candidate other than above
mentioned.
4. The abovementioned Executive Director candidate is currently executing the overall business of theInvestment Corporation as the Executive Director of the Investment Corporation.

11

Agenda No. 3: Election of One (1) Alternate Executive Director
This is to request the appointment of one Alternate Executive Director in preparation to avoid the case of
having a vacancy of or fewer Executive Directors than that designated by the relevant regulatory
requirements. Furthermore, the period during which the resolution on the appointment of one Alternate
Executive Director under this Agenda remains effective shall be until February 2, 2020, when the term ofoffice of the Executive Director under Agenda No. 2 expires, pursuant to the provisions in the text ofArticle 20, paragraph 3, subject to approval for Agenda No. 2.
Allow us to be able to cancel the appointment by the resolution of a Board of Directors meeting about
effect of appointment of an Alternate Executive Director only before the inauguration.
Agenda No. 3 was unanimously approved for submission by all Supervisory Directors of the Investment
Corporation at a Board of Directors meeting held on December 6, 2017.
The candidate for the Alternate Executive Director as follows.
Name(Birth Date)

Brief Personal History

Number of theInvestment
Corporation’s
investment units
hold

Joined Sumitomo Trust and Banking Co., Ltd.
Joined Sanko Estate Co., Ltd., Property
Management Division
October 2002
Joined GMAC Commercial Mortgage Japan, K. K.
May 2005
Joined Hudson Japan K. K., Asset Management
Jiro Takeda
0 UnitDivision as a Vice President(March 8, 1969)
May 2014
Joined Kenedix, Inc., Fund Management
Department as a Head of Fund Management Team 1
March 2017
Head of Planning Division, Office REIT
Department of Kenedix Real Estate FundManagement, Inc. (current position)
1. The abovementioned Alternate Executive Director candidate is currently the Head of Planning Division,
Office REIT Department of Kenedix Real Estate Fund Management, Inc., which the Investment
Corporation has concluded the Asset Management Agreement.
2. There is no special interest between the Investment Corporation and the candidate other than above
mentioned.
April 1993
August 2000

12

Agenda No. 4: Election of Three (3) Supervisory Directors
This is to request appointments of three Supervisory Directors as of February 3, 2018 since Supervisory
Directors Shiro Toba, Yoshihiro Morishima and Takahiro Seki’s term of office expires on February 2,
2018.
Concerning Agenda No. 4, the term of office of Supervisory Directors shall be two years commencing
February 3, 2018 as stipulated under Article 20, paragraph 2 of the current Articles of Incorporation.
The candidates for the three Supervisory Director positions are as follows.
CandidateNo.

Name(Birth Date)

Brief Personal History
October 1989
March 1993
January 1997

1

Shiro Toba
(March 21, 1967)

May 2002
April 2004
January 2005
May 2005

April 1974
July 1977
October 1982
January 1985
March 1985
February 1992
February 1994
October 1996
2

YoshihiroMorishima(January 24, 1951)

February 1999

October 2000
April 2001

April 2002

Joined Chuo Shinko Audit Corporation
Became a Japanese certified public
accountant
Established Toba Public Accounting Office(current position)
Became a Japanese certified tax accountant
Director of Majestec Corporation (current
position)
Representative Director of Minori
Accounting Co., Ltd. (current position)
Supervisory Director of Kenedix Realty
Investment Corporation (currently Kenedix
Office Investment Corporation) (current
position)
Joined The Mitsubishi Trust Banking
Corporation, Machida BranchTransferred to Real Estate Division
Transferred to Gotanda BranchTransferred to Shibuya Branch
Became a real estate appraiser
Transferred to Real Estate Division
Transferred to Takamatsu Branch as a Vice
President
External assignment to Ryoushin Jyutaku
Hanbai Kabushikigaisha as an Executive
Director / Senior Sales Director
Assigned as a General Manager of Tokyo
Business Division VI, The Mitsubishi Trust
Banking Corporation
Transferred to Real Estate Appraisal
Division as a General Manager
Guest Professor of Faculty of Real Estate
Sciences Department of Real Estate
Sciences, Meikai University,(current
position)Transferred to Real Estate Consulting
Division as a General Manager, theMitsubishi Trust Banking Corporation

13

Number of theInvestment
Corporation’s
investment units
hold

0 Unit0 UnitCandidate
No.

Name
(Birth Date)

Brief Personal History

September 2003
April 2006

Number of theInvestment
Corporation’s
investment units
hold

Left the Mitsubishi Trust Banking
Corporation
Adviser of Tokyo Association of Real
Estate Appraisers (current position)

April 20113

Officer of Morishima Consulting Office ofReal Estate
March 2012
Supervisory Director of Kenedix Realty
Investment Corporation (currently Kenedix
Office Investment Corporation) (current
position)
February 2014
Representative Director of Y.K. Island Forest(current position)
September 2016
Adviser of Housing Improvement &Development Corporation Foundation(current position)
October 2016
Officer of Morishima Consulting Office ofReal Estate (current position)
April 1989
Joined Goldman Sachs (Japan) Corp.
April 1990
Joined S.G.Warburg Securities (Japan) Inc.
January 1991
Left S.G.Warburg Securities (Japan) Inc.
April 1997
Became a member of Tokyo Bar Association
Law Offices of Kataoka & Kobayashi
Associate
November 2000
Assigned as an Executive Officer andHead of Legal Office, GE Fleet Services
Takahiro Seki
0 UnitCorporation(June 19, 1966)
May 2001
Assigned as a Director and Head of Legal
OfficeFebruary 2002
Became a Miyakezaka Sogo Law Offices
Associate
June 2002
Became a Partner (current position)
February 2014
Supervisory Director of Kenedix Office
Investment Corporation (current position)
1. There is no conflict of interest between the Investment Corporation and the candidates.
2. The abovementioned Supervisory Director candidates are currently supervising the overall exercise ofduties of the Investment Corporation’s Executive Director.
Reference Matter
Regarding agendas to be submitted to the General Meeting of Unitholders, rules and regulations
identified in “Deemed Approval,” which are stipulated under Article 93, paragraph 1 of the Investment
Trust Act and Article 15 of the current Articles of Incorporation, shall not be applied to any of theagendas concerned if there are agendas that are, in intent, conflicting with each other. The Investment
Corporation believes that Agendas 1 through 4 do not present any conflict in intent.

14