January 12, 2017

For Translation Purpose Only

MCUBS MidCity Investment Corporation
2-7-3, Marunouchi, Chiyoda-ku, Tokyo
Katsura Matsuo
Executive Director(Securities Code: 3227)
URL: http://www.midcity-reit.com/en/
MCUBS MidCity Inc.
Katsura Matsuo
President & CEO & Representative Director
Naoki Suzuki
Deputy President & Representative Director
TEL. +81-3-5293-4150
E-mail: midcity-3227.ir@mcubs-midcity.com

Notice Regarding Acquisition and Disposition of Trust Beneficiary Interest in Domestic Real Estate(Acquisition of Shibuya Sakuragaoka Square and Disposition of Midosuji MID Bldg.)
MCUBS MidCity Investment Corporation (hereafter “MCUBS MidCity”) announces that, its asset managementcompany, MCUBS MidCity Inc. (hereafter the “Asset Management Company”), decided today to acquire a property
and dispose a property, as detailed below. (hereafter referred to as the “Acquisition” and the “Disposition”
respectively and the “Transactions” collectively)
1. Overview of Transactions(1) Overview of Acquisition
Type of Specified Asset
Property nameLocation
Planned acquisition priceAppraisal value
Contracted date
Acquisition dateSeller (Note 1)
Acquisition funding

Land: 60% quasi co-ownership interest of trust beneficiary interest in real estate
Building: Trust beneficiary interest in real estate
Shibuya Sakuragaoka Square31-15, Sakuragaokacho, Shibuya-ku, Tokyo¥12,130 million (Excluding various acquisition expenses, property taxes, city planningtaxes, consumption taxes, etc.)¥13,000 million (Appraisal value as of December 1, 2016)
January 13, 2017 (planned)
February 1, 2017 (planned)
A domestic corporation
Debt (planned)

Note:
1. The seller’s name is not disclosed because the seller’s approval has not been obtained.

Hereafter, the above asset to be acquired is referred as “the Asset to be Acquired” and the asset in trust of theAsset as “the Property to be Acquired”.
(2) Overview of Disposition
Type of Specified Asset
Trust beneficiary interest in real estate
Property name
Midosuji MID Bldg.
Location
4-3-2, Minamisenba, Chuo-ku, Osaka-shi, Osaka¥9,000 million (Excluding property taxes, settlement of city planning taxes,
Planned disposition priceconsumption taxes, etc.)
Book value (Note 1)¥8,378 million
Difference between
planned disposition price¥621 million
and book value
Appraisal value¥7,310 million (Appraisal value as of December 31, 2016)
Contracted date
January 13, 2017 (planned)
Disposition date
March 27, 2017 (planned)
Purchaser (Note 2)
A domestic corporation
Notes:
1. “Book value” is assumed as of December 31, 2016.
2. The purchaser’s name is not disclosed because the purchaser’s approval has not been obtained.

1Hereafter, the above asset to be disposed is referred as “the Asset to be Disposed” and the asset in trust of theAsset as “the Property to be Disposed”.
2. Reason for Transactions
MCUBS MidCity is committed to managing the portfolio from a medium to long-term perspective to assure
stable revenues and steady growth of operating assets, and makes investments mainly in the three major
metropolitan areas (Tokyo metropolitan area, Osaka metropolitan area and Nagoya metropolitan area). Uponcompletion of the Transactions, the portfolio weight of assets located in the Tokyo metropolitan area based on
acquisition price will increase by 4.7%, from 36.2% to 41.0% (based on the aggregate acquisition prices of ¥222,604
million, including Sendai Capital Tower which MCUBS MidCity plans to acquire on February 1, 2017). In addition,
portfolio profitability is expected to improve along with a rise in NOI yield after depreciation. The Disposition isestimated to generate approximately ¥621 million of difference between the disposition price and the assumed bookvalue, which MCUBS MidCity is now considering how to use with several options such as the possibility ofdisposition losses from additional disposition of portfolio properties and voluntary reserves using reserve for
reduction entry.

Property namePlanned acquisition/disposition price (a)Appraisal Value (b)Assumed NOI yield
Assumed NOI yield after depreciation
Difference between planned
acquisition/disposition price and appraisal
value (a)-(b)Difference between disposition price and book value

Impact of Transactions
the Asset to be Acquired
Shibuya Sakuragaoka Square(Additional Acquisition)¥12,130 million¥13,000 million
3.6% (Note 1)
2.7% (Note 2)

the Asset to be Disposed
Midosuji MID Bldg.
¥9,000 million¥7,310 million
3.9% (Note 3)
2.5% (Note 4)▲¥870 million(▲6.7%)+¥1,690 million(+23.1%)-¥621 million (estimated)(Note 5)

Notes:
1. Calculated by the formula “Assumed NOI yield＝Assumed NOI / Acquisition price”; Assumed NOI is the estimated amount of property leasing revenue,less property leasing expenses, assuming the burden of property taxes and city planning taxes for the full year based on the lease agreement terms andconditions, etc. on the planned acquisition date. The Property’s occupancy rate at time of steady stable occupancy is assumed to be 97.5%.
2. Calculated by the formula “NOI yield after depreciation = (Assumed NOI after depreciation) / Acquisition price”; Assumed NOI after
depreciation is calculated by deducting depreciation using depreciation rate based on durable years of straight-line method from Assumed NOI
as defined in above Note 1
3. Calculated by the formula “Assumed NOI yield = (Assumed NOI for the 21st period ×365/184) / Assumed book value as of the end of the 21st period”
4. Calculated by the formula “Assumed NOI yield after Depreciation = (Assumed NOI after depreciation for the 21st period ×365/184) /Assumed book value as of the end of the 21st period”
5. The assumed book value is as of the end of December 2016.

For further details, please refer to the “Supplemental Material on a Series of Press Releases” separately
announced today.
(1) Reasons for Acquisition
MCUBS MidCity acquired 40% quasi co-ownership interest of Shibuya Sakuragaoka Square (land withleasehold interest) on August 3, 2015, and then will own all the land and building of this property throughthe Transactions, by additionally acquiring 60% quasi co-ownership interest of the land with leaseholdinterest and the building of this property.
The following points were specifically evaluated when the decision on the additional acquisition of theAsset to be Acquired:① Location
Shibuya Station, the nearest station to the Property to be Acquired, is one of the largest terminal
stations in Tokyo at which nine railway and subway lines are running: JR Yamanote Line, JR Saikyo Line,
JR Shonan-Shinjuku Line, Tokyu Toyoko Line, Tokyu Den-en-toshi Line, Keio Inokashira Line, Tokyo
Metro Ginza Line, Tokyo Metro Hanzomon Line and Tokyo Metro Fukutoshin Line. The areasurrounding the station keeps on evolving as a hub of and a source to send information about commercial
and business activities, partly because of its good traffic accessibility. The vacancy rate in Shibuya andEbisu area in which this property is located is 0.7% as of the end of September 2016, showing theextremely tight supply-demand balance. While Shibuya area is mixing with shops and offices, the Property
to be Acquired is located in a business-oriented district filled with office buildings facing Metropolitan
Expressway Route 3 Shibuya Line and Route 246. It is a property of strong convenience surrounded by afavorable business environment suitable for office location, located an approximately four-minute walkfrom Shibuya Station.
2

② Building Features
Completed in March 2010 (7 years since built), the Property to be Acquired is a newly-built mid-sized
office building with the total floor area of approximately 2,800 tsubos and a standard floor area ofapproximately 190 tsubos. The Property to be Acquired is equipped with basic specifications such as
ceiling height of 2,800mm in leased floor and individual air-conditioning systems divided by 10 blocks ineach floor, which enable advanced and diversified office needs to be fully addressed and leased floor haslarge depth, providing layout efficiency. As the space for emergency generators is secured, the Property to
be Acquired will able to attract BCP-focused tenants.
Photograph and Map of the Property to be Acquired(2) Reason for Disposition
After considering possible disposition through the sponsor network, MCUBS MidCity determined thedisposition of Midosuji MID Bldg. given potential gains on the disposition and other favorable conditions
were expected. The decision was made also for the following reasons: (i) eased floor-area ratio restrictions
are now applicable to the Midosuji Honmachi Minami district where the Property to be Disposed locates ifthey fulfill certain requirements after the new district plan thereof was established in March 2014, (ii) a large
amount of capital expenditure and repair cost is expected, and (iii) the favorable real estate trading market
condition that provides good opportunities to dispose properties.

33. Details of the Transactions(1) Details of the Asset to be Acquired (Note 1)
Property Name
Shibuya Sakuragaoka Square
Land: Quasi co-ownership interest of trust beneficiary interest in realType of Specified Assetestate (Note 2)
Building: Trust beneficiary interest in real estate
Trustee
Mitsubishi UFJ Trust and Banking Corporation
Land: April 30, 2010
Commencement Date
Trust
Building: March 30, 2015
PeriodLand: February 28, 2022
(planned) Termination Date
Building: February 28, 2022
Lot Number
109-7, 109-8 and 109-13, Sakuragaokacho, Shibuya-ku, Tokyo
Location Indicated for
31-15, Sakuragaokacho, Shibuya-ku, Tokyo
Residence
Approx. four-minute walk from Shibuya Station on the JR Yamanote Line,
JR Saikyo Line, JR Shonan-Shinjuku Line, Tokyu Toyoko Line, Tokyu
Transportation
Den-en-toshi Line, Keio Inokashira Line, Tokyo Metro Ginza Line, Tokyo
Metro Hanzomon Line and Tokyo Metro Fukutoshin Line
Site Area
1,200.08 m2
ZoningCommercial district
Type of OwnershipFee simple
Land
Floor-Area Ratio
800%/500%(Note 3)
Building-to-Land
80%
Ratio
Structure/ Floors
SRC with flat roof, B1/10F
Total Floor Area
8,655.61 m2
Fee simple
Building
Type of Ownership
Use
Office, Retail and Parking
Completion Date
March 15, 2010
Property Management Consignee TOKYU COMMUNITY CORP.
Building Management Consignee XYMAX ALPHA Corporation
NIHON SEKKEI, INC.
ArchitectTokyu Construction Co., Ltd.
Builder
Agency Authorizing Building
J Architecture Inspection Center
Construction
3.3 % (Based on the earthquake risk analysis report (detailed) dated
Item Concerning Earthquake
Resistance (PML)
December 9, 2016.)
Status of Tenant (Note 4)
Total Tenants
4
Total Annual Rent
¥685 million
Security Deposit / Guarantee,¥653 million
Etc.
Total Rentable Area
6,379.66 m2
Total Rental Area
6,379.66 m2
Occupancy Rate (based on floor
100.0%
space)

MortgageSpecial Notations

None
Not applicable

Notes:
1. Among the Details of Assets to be Acquired, “Location (Lot Number),” “Land (Site Area),” “Building (Structure/Floors),” “Building (Total
Floor Area),” “Building (Use)” and “Building (Completion Date) are listed based on the representation on the registry and “Land (Site Area)” iswhole lot area of the Property to be Acquired. “Land (Floor-Area Ratio)” represents the ratio of the total floor area to the site area of abuilding, as stipulated in Article 52 of the Building Standards Act (Act No. 201 of 1950; as amended) and indicates the figure specified in city
planning in accordance with the zoning, etc. “Land (Building-to-Land Ratio)” represents the ratio of the building area to the site area of abuilding, as stipulated in Article 53 of the Building Standards Act, and indicates the figure specified in city planning in accordance with thezoning, etc. In addition, “Item Concerning Earthquake Resistance (PML)” (PML: Probable Maximum Loss) indicates the figure calculated as4

follows; from the risk curve, which shows the relationship between loss and annual exceedance probability as calculated by Engineering and
Risk Services Corporation and OYO RMS Corporation, divide the “probable loss for a building with a recurrence interval of 475 years” by the“replacement cost” and calculate the percentage. Here, the recurrence interval of 475 years is the equivalent of a 10% certainty of an event
occurring during the 50-year period of building use.
2. Quasi co-ownership interest: 60%
3. Floor-area ratios of 800% are applied to the area within 20m and 500% are applied to the area beyond 20m from the end of the city planningroad on the north side of the Property, respectively.
4. ”Status of Tenants” is based on data and information provided by the seller. The status factors in the tenants whose lease periods have alreadycommenced as at November 30, 2016. “Total Tenants” does not include end-tenants whose leases or scheduled leases are limited to items suchas parking spaces. “Total Annual Rent” lists the total monthly rent, including monthly rent, monthly common-area fee, parking fee, warehouse
fee and storeroom fee displayed on the lease agreement, etc. concluded by the end-tenants, multiplied by 12 and “Security Deposit/Guarantee,
Etc.” lists the security deposit and guarantee (including room, parking space, etc.) balance displayed on the lease agreement, etc. concluded by
the end-tenants, both rounded down to the nearest million yen respectively. “Rentable Area” lists the rentable area of the building concerning
the Property to be Acquired (not including the area for parking space, etc.), and “Rental Area” is based on the total area indicated on the leaseagreement with respective end tenants, etc. (including room only).

(2) Details of the Asset to be Disposed (Note 1)
Property Name
Midosuji MID Bldg.
Type of Specified Asset
Trust beneficiary interest in real estate
Trustee
Sumitomo Mitsui Trust Bank, Limited
Trust Period Termination Date
March 31, 2017
LocationLand

Building

Site Area
ZoningType of Ownership
Floor-Area Ratio
Building-to-Land
Ratio (Note 2)
Structure/ Floors
Total Floor Area
Type of Ownership
Use
Completion Date

Appraisal Value
Appraiser
Status of Tenant (Note 3)
Total Tenants
Rent Revenue (Note 4)
Security Deposit / Guarantee,
Etc. (Note 4)
Total Rentable Area (Note 3)
Total Rental Area (Note 3)
Occupancy Rate (based on floor
space)

MortgageSpecial Notations

4-3-2, Minamisenba, Chuo-ku, Osaka-shi, Osaka
1,893.62 m2
Commercial district
Fee simple
1,000%
100%
SRC with flat roof, B2/12F
16,342.99 m2
Fee simple
Office, Retail
October 20, 1980
December 15, 2009
¥7,310 million (Appraisal value as of December 31, 2016)
The Tanizawa Sōgō Appraisal Co., Ltd.
7¥256 million¥472 million
10,461.32 m2
9,902.14 m2
December31, 2014
98.8%
None
Not applicable

June 30,
2015
98.8%

December31, 2015
98.8%

June 30,
2016
98.8%

November30, 2016
94.7%

Notes:
1. Among the Details of Assets to be Disposed, “Land (Site Area),” “Building (Structure/Floors),” “Building (Total Floor Area),” “Building (Use)”and “Building (Completion Date) are listed based on the representation on the registry. “Land (Floor-Area Ratio)” represents the ratio of the total
floor area to the site are of a building, as stipulated in Article 52 of the Building Standards Act and indicates the figure specified in city planning inaccordance with the zoning, etc. “Land (Building-to-Land Ratio)” represents the ratio of the building area to the site area of a building, as stipulated
in Article 53 of the Building Standards Act, and indicates the figure specified in city planning in accordance with the zoning, etc.
2. The applicable building-to-land ratio concerning the Property to be Disposed was originally 80%, but it was increased to 100% due to arelaxation as it was a fireproof building in a fireproof zone.
3. “Status of Tenants” is based on data as of November 30, 2016. “Total Tenants” does not include end-tenants whose leases or scheduled leases are limited
to items such as parking spaces. “Rentable Area” lists the rentable area of the building concerning the Property to be Disposed (not including the area forparking space, etc.), and “Rental Area” is based on the total area indicated on the lease agreement with respective end tenants, etc. (including room only).
4. “Rent Revenue” and “Security Deposit / Guarantee, Etc.” are based on the actual data in fiscal period ended June 2016 (from January 1, 2016 toJune 30, 2016).

5

4. Seller and Purchaser Overview
The seller and purchaser are different domestic corporations, although names and other information ofthem are not disclosed since the consent to disclose such information has not been obtained from them. There
are no ties to be specified between MCUBS MidCity or the Asset Management Company and them. Also, there areno ties to be specified between the related parties/related companies of MCUBS MidCity or the Asset Management
Company and the related parties/related companies of them.
5. Status of Property Buyers, Etc.
The acquisition of the asset is not from a party having particular vested interest with MCUBS MidCity or the
Asset Management Company and the disposition of the asset is not to a party having particular vested interest withMCUBS MidCity or the Asset Management Company.
6. Overview of Brokerage
Not applicable.
7. Settlement Method, etc.
MCUBS MidCity plans to settle the acquisition and disposition respectively by making a single payment of theentire amount at the time these assets are handed over (the Asset to be Acquired: February 1, 2017, the Asset to be
Disposed: March 27, 2017). The acquisition funds for the acquisition of the Asset to be Acquired will be borrowings.
8. Schedule for Transactions(1) Schedule for Acquisition
Decision to Acquire Date
Conclusion of Agreement Date (planned)
Payment Date (planned)
Acquisition Date (planned)

January 12, 2017
January 13, 2017
February 1, 2017
February 1, 2017(2) Schedule for Disposition
Decision to Disposition Date
Conclusion of Agreement Date (planned)
Receipt Date (planned)
Disposition Date (planned)

January 12, 2017
January 13, 2017
March 27, 2017
March 27, 2017

9. Outlook
Any impact from the Transactions on the asset management status for the fiscal period ending June 2017 (the22nd fiscal period: January 1, 2017 to June 30, 2017) is under consideration because MCUBS MidCity is considering
several options such as the possibility of disposition losses from additional disposition of portfolio properties andvoluntary reserves using reserve for reduction entry, although the impact is expected to be a certain increase inoperating revenues due to gains on the Disposition. Business Results and Distributions Forecast for the fiscal periods
ending June 2017 and December 2017 (23rd fiscal period: July 1, 2017 to December 31, 2017) will be announced asof the announcement of earnings for the fiscal period ended December 2016 (the 21st fiscal period: July 1, 2016 to
December 31, 2016).

6

10. Overview of Appraisal Report(1) Overview of Appraisal Report of the Property to be Acquired
Final Appraisal Value¥13,000,000,000
Appraiser
Daiwa Real Estate Appraisal Co., Ltd.
Appraisal Date
December 1, 2016
Item
Revenue price
Value Calculated Using Direct
Capitalization (DC) Method
Operating revenues

Details (yen)13,000,000,000
13,300,000,000
767,999,727

Overview, etc.
――

Maintenance expenses

19,524,000

Utility expenses

47,474,310

Repair expenses

8,008,167

PM fees
Tenantsolicitation
expenses, etc.
Real estate taxes
Insurance premiums

3,600,000―
Assessed by taking into account medium-to long-termcompetitiveness of the property, based on the level of rents under
the current lease agreements, and the level and trend of rents ofsimilar properties in areas within the same supply and demand zone
under new lease contracts
Assessed by taking into account the competitiveness of theproperty, based on the actual vacancy rate of the property andvacancy rate of similar property―
Assessed by reference to maintenance expenses of similar
properties and those under the current lease agreements.
Assessed based on the actual results of past years
Assessed based on the average annual repair expenses described in
the engineering report
Assessed based on the current agreements

5,109,663

Assessed based on the tenant solicitation expenses, etc. of similar
properties

40,153,800
750,910

Other expenses

183,582,794

Assessed based on the actual results of past years
Assessed based on the actual results of past years
Assessed by reference to land rent under the current agreements,
maintenance expenses and funds reserved as other expenses―

Potential gross revenue

785,284,764

Vacancy loss, etc.

17,285,037

Operating expenses

Net operating income(NOI)
Gain on managementof income fromlump-sum payment
Capital expenditures
Net Cash Flows
Discount rate based on the
Inwood method of
capitalization over a definite
term
Value Calculated Using DiscountCash Flow (DCF) Method
Discount Rate
Terminal Capitalization Rate
Cost method value
Ratio of Land Price
Ratio of Building Price
Other items considered by real estateappraisal agent upon appraisal

308,203,644

459,796,083
6,847,026
3,517,215
463,125,894
3.1%
12,900,000,000
3.1%―

11,500,000,000
80.3%
19.7%
Not applicable.

7

Assessed by comprehensively taking into account the actual
management status of income from lump-sum payment, etc. from theperspective of both management and procurement aspects
Assessed based on the average annual amount of the replacement
costs described in the engineering report, and by taking into
account the construction management fees―
Assessed in consideration of the stability brought by the fixed-termleasehold, liquidity and other risk factors and uncertainties in future
prospects during the land lease period, by reference to discountrates concerning J-REIT properties located within the same supply
and demand zone―
Assessed based on the comparison with the discount rates oftransactions of similar properties and with the yields of otherfinancial instruments, etc.
――――

(2) Overview of Appraisal Report of the Property to be Disposed
Final Appraisal Value¥7,310,000,000
Appraiser
The Tanizawa Sōgō Appraisal Co., Ltd.
Appraisal Date
December 31, 2016
Item
Revenue price
Value Calculated Using Direct
Capitalization (DC) Method
Operating revenues

Details (yen)7,310,000,000
7,300,000,000
546,967,881

Overview, etc.
――

Maintenance expenses

51,192,000

Utility expenses

60,526,195

Repair expenses

13,800,000

PM fees
Tenantsolicitation
expenses, etc.

12,745,445―
Assessed based on the competitiveness of the property, current
lease agreements and planned move-in/out of tenants, and market
circumstances, etc.
――
Assessed based on the contents of service agreements and historicalinflation rates
Assessed based on the past records, current lease status andinflation rates
Assessed by allocating the figure based on the engineering reportand similar cases to repair expenses (30%) and capital expenditures(70%)
Assessed based on the contents of service agreements

2,001,823

Assessed based on the similar cases and past records

Real estate taxes

89,186,300

Insurance premiums
Other expenses
Net operating income(NOI)
Gain on managementof income fromlump-sum payment

822,880
1,093,936

Potential gross revenue
Vacancy loss, etc.
Operating expenses

Capital expenditures
Net Cash Flows

567,445,880
20,477,999
231,368,579

315,599,302
3,784,227
34,500,000
284,883,529

Overall Capitalization Rate

3.9%

Value Calculated Using DiscountCash Flow (DCF) Method

7,310,000,000

Discount Rate

4.0%

Terminal Capitalization Rate

4.1%

Cost method value
Ratio of Land Price
Ratio of Building Price

8,230,000,000
92.9%
7.1%

Other items considered by real estateappraisal agent upon appraisal

Not applicable

8

Assessed based on 2016 Statements of Fixed Property Tax and City
Planning Tax, and in consideration of historical correction rates ofbuilding age-related deduction and inflation rates, etc.
Assessed based on the contents of agreements and inflation rates
Assessed based on the past records―

Assessed based on the recent yields of financial assets and economic
projection, etc.
Assessed by allocating the figure based on the engineering reportand similar cases to repair expenses (30%) and capital expenditures(70%)―
Assessed based on the comparison with transaction yields ofproperties in similar areas within the same supply and demandzone, in consideration of forecasts of changes in net cash flows,
and by pay attention to the relevance to discount rates―
Assessed based on regional characteristics and individual risks ofthe property
Assessed based on the overall capitalization rate, in consideration of
uncertainties in future prospects, etc.
―――

<Attachment>

Assumed Income and Expenditures of Shibuya Sakuragaoka Square
40% quasi co-ownershipinterest of the land withleasehold of the property¥ 5,000 million
167 million
3.3%
－
3.3%

Acquisition price
Annualized NOI(Note 1)

NOI yield
Depreciation
NOI yield after depreciation

After the Acquisition( Land + Building )Acquisition¥ 12,130 million¥ 432 million
3.6%¥ 101 million
2.7%¥ 17,130 million¥ 600 million
3.5%¥ 101 million
2.9%

Note:
1. Annualized NOI (Net Operating Income) of 40% co-ownership interest whereby the land with leasehold of the property is annualized estimated NOI asof December 31, 2016. Annualized NOI of “Acquisition” and “After the Acquisition (Land + Building)” is the estimated amount of property leasing
revenue, less property leasing expenses, assuming the burden of property taxes and city planning taxes for the full year based on the lease agreement terms
and conditions, etc. on the planned acquisition date. The Property’s occupancy rate at time of steady stable occupancy is assumed to be 97.5%.

RegionProperty Portfolio after Acquisition of the Asset
Acquisition Price
Investment
Property Name(planned)
Ratio (%)
(Millions of Yen)

Acquisition Date(planned)

Office Building

Tokyo
Metropolitan
Area

Osaka
Metropolitan
Area

Other

Sumitomo Fudosan Ueno Bldg. No. 6

7,460

3.3%

May 1, 2015

G-Square Shibuya Dogenzaka

5.4%

Yokohama Creation Square

12,2205,000
12,1307,080

3.1%

August 3, 2015
August 3, 2015
February 1, 2017
August 3, 2015

Cube Kawasaki

20,0508.9%

August 7, 2015

Higashi-Nihombashi Green Bldg.

2,705

1.2%

December 21, 2015

Twin 21 (Note)

68,70030.3%

August 31, 2006

Matsushita IMP Bldg.

24,600

10.9%

Midosuji MID Bldg.

――

MID REIT Kyobashi Bldg.

2,300

1.0%

August 31, 2006
Disposition date(planned):
March 27, 2017
August 31, 2006

MID Imabashi Bldg.

3,270

1.4%

April 3, 2007

MID Midosujikawaramachi Bldg.

2,000

0.9%

May 16, 2007

Kitahama MID Bldg.

10,800

4.8%

April 24, 2008

MID Nishihommahi Bldg.

3,550

1.6%

October 30, 2008

Higobashi MID Bldg.

3,000

1.3%

June 21, 2013

Sendai Capital Tower

5,500

2.4%

February 1, 2017

190,365

84.1%

26,10011.5%

August 31, 2006

2,780

1.2%

August 31, 2006

2,280

1.0%

September 30, 2013

31,16013.8%

Shibuya Sakuragaoka Square

Subtotal (15 properties)
Other than office building
Tokyo
Metropolitan AEON MALL Tsudanuma
Area
Osaka
Metropolitan Konami Sports Club Kyobashi
Area
Other
Dormy Inn Hakata Gion
Subtotal (3 properties)

9

7.6%

Silent Partnership Interest for Office Building
NagoyaNagoya Lucent Tower
Metropolitan(Silent partnership interest)
Area
Subtotal (1 property)
Total (19 properties)

4,919

2.2%

4,919

2.2%

226,444

100.0%

Note: Data for Twin 21 includes the trust beneficiary interest of Twin 21 (partial ownership of land with leasehold interest).

10

August 3, 2015