Building a richer future together[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.

May 9, 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 Real Estate Investment Advisors Co., Ltd.
Representative: Wataru Orii, President & Representative Statutory Executive Officer
Inquiries: Hiroto Tajitsu, Head of Administration & Statutory Executive Officer
Tel: 03-3502-4891

Notice of Completion of Asset Acquisitions (Five Office Assets)
Ichigo Office REIT has completed the acquisition of the following assets announced in the April 8, 2016
release “Acquisition of Five Office Assets.”
Acquisition Summary

Asset
Name1
Legal Formof AssetAcquisition
Price2Contract
Date
Closing
Date

O-72
Ichigo Shibuya
East Building

O-73
Ichigo Ningyocho
Building

O-75
Ichigo Hakata
Building

O-76
Nishiki First
Building

Trust beneficiaryinterest in realestate (juekiken)

O-74
Ichigo Nishi
Honmachi
Building
Trust beneficiaryinterest in realestate (juekiken)

Trust beneficiaryinterest in realestate (juekiken)

Trust beneficiaryinterest in realestate (juekiken)

Trust beneficiaryinterest in realestate (juekiken)

1,350,000,000 yen

1,450,000,000 yen

2,190,000,000 yen

1,380,000,000 yen

2,000,000,000 yen

April 8, 2016

April 8, 2016

April 8, 2016

April 8, 2016

April 8, 2016

May 9, 2016

May 9, 2016

May 9, 2016

May 9, 2016

May 9, 2016

1The current building names “Dai 5 Akiyama Building,” “Ningyocho Central Building,” “OsakaNishi Honmachi Building,” and “Sigma Hakata Building” will be changed to “Ichigo Shibuya EastBuilding,” “Ichigo Ningyocho Building,” “Ichigo Nishi Honmachi Building,” and “Ichigo Hakata
Building,” respectively.
2Acquisition price excludes incidental expenses such as property, city planning, andconsumption taxes.

1Reference: GK/TK Investment Structure and FlowsAs announced in the July 28, 2015 release “Real Estate Acquisition,” the two sellers of today’sassets, Motoazabu Holdings GK and Ikenohata Holdings GK, issued trust beneficiary interests
with respect to thirteen real estate assets, including the five in today’s transaction, jointly toIchigo Inc. and Ichigo Office REIT last year. Ichigo Inc. and Ichigo Office REIT purchased
these trust beneficiary interests via TK equity interest investments.
Each of these two GKs has its own separate TK structure comprised of Primary, Secondary, andTertiary TKs, with this preference order determining the distribution of profits and losses as well
as repayment of capital. Ichigo Office REIT invested JPY 2 billion as the Secondary TK in bothTKs.
Today, the two GKs have decided to repay to Ichigo Inc., the Primary TK, its invested capital ofJPY 8.37 billion, from today’s sale proceeds. Ichigo Office REIT has agreed to this repaymentof capital based on the TK agreements.
Ichigo Office REIT will also be acquiring the other eight assets in the two TKs on May 24, 2016as announced in today’s release “Acquisition of Eight Office Assets.” The remaining capital will
be repaid to each TK immediately after the asset acquisitions, including that invested by Ichigo
Office REIT, and the two GKs will be wound down.

2