Ichigo Preserves and Improves Real Estate[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.

October 5, 2016
REIT Issuer
Ichigo Office REIT Investment Corporation (8975)
1-1-1 Uchisaiwaicho, Chiyoda-ku, Tokyo
Representative: Yoshihiro Takatsuka, Executive Director
www.ichigo-office.co.jp/english
Asset Management Company
Ichigo Investment Advisors Co., Ltd.
Representative: Wataru Orii, President
Inquiries: Hiroto Tajitsu, Head of Administration
Tel: +81-3-3502-4891

Ichigo Office REIT Portfolio Occupancy (Flash Data) – September 2016
Ichigo Office REIT hereby announces its portfolio occupancy as of the end of September
2016:TotalOffice
OtherCentral Tokyo
Tokyo
Metropolitan
By Area Area
Four Major
Regional Cities
Other RegionalCities
No. of Assets
No. of Tenants
Leasable Area
Leased Area
By Asset
TypeEnd ofAugust 2016
(Final: A)
96.9%
97.1%
95.7%
96.1%

End ofSeptember 2016
(Flash: B)
97.4%
97.7%
95.7%
97.2%

98.3%

98.4%

+0.1%

95.7%95.9%

+0.2%

97.7%

98.0%

+0.3%

86891
259,331.69m2
251,252.31m2

85883
257,100m2
250,500m2-1-8

Difference
(B-A)
+0.5%
+0.6%
－+1.1%(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, andShinagawa Wards. Tokyo Metropolitan Area refers to Tokyo (excluding thesix wards above), Kanagawa, Chiba, and Saitama Prefectures. Four Major
Regional Cities refers to Osaka, Nagoya, Fukuoka, and Sapporo.
(Note 4) Amounts less than a hundred square meters of Leasable Area and Leased
Area for Flash Data are rounded down.
1Explanation of Changes
Occupancy increased for Office and all four Areas (Central Tokyo, Tokyo
Metropolitan Area, Four Major Regional Cities, and Other Regional Cities) due to new
tenants at assets including Ichigo Nihonbashi East Building, Ichigo Higashi Gotanda
Building, Ichigo Omiya Building, Ichigo Marunouchi Building, and Ichigo Mirai
Shinkin Building.
As announced in the September 23, 2016 release “Sale of Portfolio Assets,” Ichigo
Office REIT completed the sale of Ichigo Yokosuka Building on September 30, 2016.
Value-Add Actions
Ichigo Office REIT successfully leased up and increased rents at Ichigo Nishi Gotanda
Building after renovating a vacant floor with its Ichigo Layout Office format.
Immediately upon completion of the renovation, Ichigo Office REIT held private
showings for brokers and created a tenant leasing video on YouTube to directly appealto potential tenants. The QR code for this video was included in sales materials so thatit could be immediately accessed on smartphones and PCs. Ichigo Office REIT wasable to lease the space within two weeks while increasing the rent to c. 13% above
prevailing market rents in the area.
Ichigo Office REIT will continue to work to increase building occupancy and drive
higher earnings for shareholders.

Ichigo Nishi Gotanda Building (exterior and QR code for tenant leasing video)

The video is available on YouTube at:youtu.be/fX1giPG5hn42