October 26, 2023
To All Concerned Parties

Real Estate Investment Trust Securities Issuer
1-1-21 Toranomon, Minato-ku, Tokyo
marimo Regional Revitalization REIT, Inc.
Representative: Takashi Kitagata, Executive Director(Securities Code: 3470)
Asset Manager
Marimo Asset Management Co., Ltd.
Representative: Takashi Kitagata, CEOContact:
Katsuhiro Shimada, Financial Management Officer
TEL: +81-3-6205-4755

Notice Concerning Additional Acquisition of Domestic Real Estate (Starship Kobe Gakuentoshi)
marimo Regional Revitalization REIT, Inc. (“marimo REIT”) announces that Marimo Asset Management Co., Ltd. (the“Asset Manager”), to which marimo REIT entrusts management of its assets, decided on the additional acquisition(the “Acquisition”) of new land (including structures (stairs) that do not require application for confirmation
incidental to the land, hereinafter individually or collectively referred to as the “Land”) for Starship Kobe
Gakuentoshi (the “Property”), which is an asset under management of marimo REIT, after receiving approval fromthe Board of Directors of marimo REIT at a meeting held today.
Marimo Co., Ltd. (“Marimo”), the seller of the asset to be acquired, falls under the category of interested persons,etc. defined in the rules on transactions with interested persons, etc., which are the internal rules set by the AssetManager. Therefore, the Asset Manager has followed the decision-making procedure specified in the rules ontransactions with interested persons, etc. (including approval of the Board of Directors of marimo REIT at a meeting
held on October 26, 2023) in conducting the transaction for asset acquisition with Marimo.
1. Outline of the Acquisition(1) Acquired asset:(2) Property name:(3) Acquisition price:(4) Planned agreement date:(5) Planned acquisition date:(6) Seller:(7) Intermediation:

Domestic real estate (Note 1)
Starship Kobe Gakuentoshi (Property number: Rp-14) (Note 2)
0 yen (Note 3)
October 27, 2023
October 27, 2023
Refer to “4. Overview of Seller” below
Not applicable(Note 1) marimo REIT plans to acquire the Land as real estate and add it to trust assets on the same day.
(Note 2) ”Property number” is the number assigned to the property by combining the asset type classifications of “investment targets” and“investment ratio by region” for the assets acquired by marimo REIT. “Investment targets” are represented by R for residential, C forretail, H for hotel, O for office and L for logistics, while p is for regional and t is for Tokyo metropolitan area.
(Note 3) The price is 0 yen as the Land will be acquired from the seller for free and marimo REIT will not pay any money to the seller as the pricefor the Land.

2. Reason for the Acquisition
The Land is a strip-shaped land with an area of 59 m2 adjacent to the Property, and Marimo, the master lease
company of the Property, built the stairs on the Land which it owns in response to a request from the end tenantof the Property. marimo REIT decided to acquire the Land based on the idea that continuous unconditional useof the stairs by the users of the Property will contribute to improvement of the Property’s value after an offer totransfer the Land to marimo REIT for free was made by Marimo in light of the fact that the stairs were built for
the use of the Property and that the Land is not used for means other than the installation of the stairs and isunlikely to be used as such even in the future.
marimo REIT believes that it is possible to improve the convenience of the Property by letting residents(students) use the Land for commuting.
marimo REIT judged that the additional acquisition of the Land as part of its growth strategy will contribute to
the improvement of its asset value.
13. Details of the Acquired Asset
Trust establishment date
Trustee
Trust term expiration dateLand
Building
Location
Indication ofresidential
address
Use
Land
Form ofownership
Building
Land
Area
Building
Structure
Completion date
Designer
Builder
Building conformation agency
Appraisal
Earthquake PML value
Collateral
Notes

October 27, 2023
Mitsubishi UFJ Trust and Banking Corporation
End of March 2032
868-1462 Kozukadaihigashi, Tarumi-ku, Kobe City, Hyogo (Note 1)
Proprietorship
59 m2 (Note 2)
Appraisal value: 1.9 million yen
Date of value: June 1, 2023
Appraisal agency: Japan Valuers Co., Ltd.
Unsecured/unguaranteed-(Note 1) The lot number stated in the registry for the Land whose additional acquisition has been decided is indicated.
(Note 2) The site area of the Property at the time of the acquisition is 3,385.52 m2, and the above area indicates the area to be additionallyacquired (site area of the Land). After the Acquisition, the total site area of the Property will be 3,444.52 m2.

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4. Overview of Seller(1) Name(2) Location
Name and title of(3)representative
(4)
(5)
(6)
(7)
(8)

Business description

Marimo Co., Ltd.
1-17-23 Kogokita, Nishi-ku, Hiroshima-shi, Hiroshima
Makoto Fukagawa, President
For-sale condominium business and income-producing real estatebusiness
100 million yen (as of July 31, 2022)
September 1, 197021,031 million yen (based on the balance sheet as of July 31, 2022)
102,721 million yen (based on the balance sheet as of July 31, 2022)

CapitalDate establishedNet assets
Total assets
Major shareholders and(9)Marimo Holdings, Inc.: 70%, AEON MALL Co., Ltd.: 30%
shareholding ratio(10) Relationship between marimo REIT / Asset Manager and the company
Capital ties
As of today, the company holds 7.1% (16,866 units) (Note 1) of thenumber of marimo REIT investment units issued and outstanding. Inaddition, the company holds a 100% stake in the Asset Manager.
Personnel ties
As of today, one of the officers and employees of the Asset Manager areseconded from the company.
Business ties
The company has entered into a sponsor pipeline and support agreement(as amended) with marimo REIT and the Asset Manager. In addition, thecompany has entered into a master lease agreement and property
management agreement with marimo REIT. Disposition of real estate
trust beneficiary right to marimo REIT for 520 million yen (Note 2) took
place on July 5, 2022, based on a real estate trust beneficiary right saleand purchase agreement entered into with marimo REIT on June 30,2022, and five properties of its portfolio assets to marimo REIT for 4,697
million yen (total acquisition price) (Note 2) took place on January 19,2023, based on a real estate trust beneficiary right sale and purchaseagreement entered into with marimo REIT on August 26, 2022, andJanuary 4, 2023.
Concerning related parties The company is a parent company of the Asset Manager and falls under
the category of related parties. In addition, as described above, thecompany falls under the category of interested persons, etc. defined inthe Investment Trusts Act. The company also falls under the category ofinterested persons, etc. defined in the rules on transactions withinterested persons, etc., which are the internal rules set by the AssetManager. Therefore, the Asset Manager has followed the decisionmaking procedure specified in the rules on transactions with interestedpersons, etc. in conducting the transaction for asset acquisition.
(Note 1) The ratio of the number of investment units owned as of the end of June 2023 to the total number of investment units issued andoutstanding (237,225 units) is indicated.
(Note 2) Acquisition price indicates the purchase price of the real estate trust beneficiary right stated in the trust beneficiary right sale andpurchase agreement (excluding consumption tax, local consumption tax and other miscellaneous expenses such as broker’scommissions) for the acquired assets.

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5. Information on Property Acquirers, Etc.
Status of property acquisition, etc. from interested persons, etc. of marimo REIT, special purpose companies(subsidiaries) of which decision-making bodies are controlled by the interested persons, etc. and other persons
with special relationship (the “Persons of Special Interest”) is as follows (①: Name of the company or name ofthe person, ②: Relationship with Persons of Special Interest, ③: Acquisition particulars and reason).
Property name
Second previous owner or trust
Previous owner or trust beneficiary(Location)
beneficiary①, ②, ③①, ②, ③Acquisition (transfer) price
Acquisition (transfer) price
Acquisition (transfer) timing
Acquisition (transfer) timing① Marimo Co., Ltd.
Other than Persons of Special Interest② Parent company of the AssetManagerStarship Kobe
③ Improvement of asset value
Gakuentoshi
1 million yen (non-taxable as the target ofacquisition is land)
July 2022
6. Transactions with Interested Persons, Etc.
Marimo, the parent company of the Asset Manager, will be the seller of the Land and entrusted with master leasemanagement for the Property including the Land. Marimo falls under the category of interested persons, etc.
defined in Article 201 of the Investment Trusts Act and Article 123 of the Order for Enforcement of the Act onInvestment Trusts and Investment Corporations as well as the category of interested persons, etc. defined in therules on transactions with interested persons, etc., which are the internal rules set by the Asset Manager.
Therefore, the Asset Manager has followed the procedures specified in the rules on transactions with interestedpersons, etc. (including consent based on approval of the Board of Directors of marimo REIT at a meeting held on
October 26, 2023) in conducting the transaction for acquisition of and concluding the agreement on the Land
with Marimo and, associated with the acquisition of the Land, changing the master lease agreement of theProperty (the “Master Lease Agreement”) and the property management agreement with marimo REIT, the AssetManager, Marimo and two other companies as the parties concerned.
7. Settlement Methodmarimo REIT and Marimo have concluded an agreement on , 2023 to transfer the land for free, and marimo REIT
is scheduled to acquire the ownership of the Land on October 27, 2023, based on such agreement. marimo REIT
will not pay the price for the Land to Marimo. Furthermore, marimo REIT plans to add the Land to trust assets
through the trustee on the same day.
8. Future Outlook
The Land is scheduled to be leased to Marimo by the trustee together with the Property based on the Master
Lease Agreement on the same day as the planned acquisition date. However, as there is no change to the total
rent in the Master Lease Agreement, the impact of the Acquisition on the business performance is minimal andthere is no change to the operating forecasts in “(REIT) Financial Report for the Fiscal Period Ended June 2023”
dated August 17, 2023.
9. OtherFor other overviews of the Property, please refer to “Notice Concerning Acquisition of Domestic Real Estate Trust
Beneficiary Rights and Accompanying Commencement of Leasing” dated January 4, 2022.
<Attached Materials>
Reference Material 1Local Photo* Website of marimo REIT: https://www.marimo-reit.co.jp/en/4

Reference Material 1

Local Photo

Photo of entire property after completion

Portion to be acquired (within)

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