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.

February 25, 2014
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

Changes in Corporate Directors, Key Personnel, and Organization
Ichigo Real Estate Investment Advisors Co., Ltd. (“IRE”), the asset management company ofIchigo Real Estate Investment Corporation (“Ichigo REIT”), decided today on the followingchanges to corporate directors, key personnel, and organization.
1. Statutory Executive Officers (effective May 25, 2014)
Name
Kenji Iwasaki

Wataru Orii

Takumi Naito
Minoru Ishihara
Kenji Shibasaki
Shinichi FukasawaMasanori Kubota

New Position
Chairman & Statutory Executive
Officer (Overall CompanyManagement)
President & Representative
Statutory Executive Officer(Overall Company Management,Sales & Acquisitions)Executive Vice President &Representative Statutory Executive
Officer (Asset Management)
Executive Vice President &Statutory Executive Officer
Senior Executive Managing
Director & Statutory Executive
Officer (Finance)
Senior Statutory Executive Officer(Sales & Acquisitions)
Statutory Executive Officer(Sales & Acquisitions)

Current Position(as of February 25, 2014)
Unchanged

Unchanged

Unchanged
Unchanged
Unchanged
Unchanged
UnchangedNote: Effective March 1, 2014, Kenji Goto, Statutory Executive Officer, will transfer to Real
Estate Services of Ichigo Group Holdings Co., Ltd. (“IGH”).

12. Key Personnel (effective March 1, 2014)
Name

Current Position(as of February 25, 2014)

New Position
Head of Portfolio Management,
Sales & Acquisitions
Head of Asset Management
Asset Management

Tetsuya Takeda
Takashi Ohigawa
Yuichi Jikimoto

Sales & Acquisitions
Asset Management
Asset Management

Note: Effective March 1, 2014, Masaaki Yajima, Deputy Head of Asset Management, will become
Statutory Executive Officer (Real Estate Services) of IGH and Executive Vice President ofTakara Building Maintenance Co., Ltd.
3. Organization (effective March 1, 2014)(1) IRE is newly setting up a Portfolio Management team within the Finance group.
(2) IRE Organization Chart
Before Change
Company’s
Shareholders’ Meeting
Nominating
Committee

Audit Committee

Board of Directors

Compensation
Committee

Investment Management
Committee （separately for
Private Equity Funds / J-REIT）

Chairman
Audit

President
Compliance

Risk & Compliance Committee

Sales & Acquisitions
Sales Planning
Sales & Acquisitions

Finance

Asset Management
Asset Management
Osaka Branch

Administration

Finance
AccountingBusiness Planning
Risk Management

After Change (effective March 1, 2014)
Company’s
Shareholders’ Meeting
Nominating
Committee

Audit Committee

Board of Directors

Compensation
Committee

Investment Management
Committee （separately for
Private Equity Funds / J-REIT）

Chairman
Audit

President
Compliance

Risk & Compliance Committee

Sales & Acquisitions
Sales Planning
Sales & Acquisitions

Finance

Asset Management
Asset Management
Osaka Branch

Finance
Accounting
Portfolio Management

2

Administration
Business Planning
Risk Management

These changes in organization, statutory executive officers, and key personnel will be
conducted in accordance with the provisions of the Financial Instruments and Exchange Law,
the Building Lots and Buildings Transaction Business Law, and other applicable laws andregulations.

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

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