July 2, 2018
Press Release
Daiwa House Industry Co., Ltd.
Keiichi Yoshii, President and COO
3-3-5 Umeda, Kita-ku, Osaka

Start of the Atelier Project – a High-Rise Rental Housing
Development Project in Dallas, Texas in the U.S.
Daiwa House Industry Co., Ltd. (Head Office: Osaka / President: Keiichi Yoshii / hereinafter “theCompany”), together with ITOCHU Corporation (Head Office: Minato-ku, Tokyo / President &COO: Yoshihisa Suzuki / hereinafter “ITOCHU”), held a groundbreaking ceremony for theAtelier Project – a high-rise rental housing development project – on June 29, 2018 in Dallas,Texas in the United States of America (hereinafter “the U.S.”).
The 41-story rental housing project will rise above
ground at a height of approximately 540 feet, withretail facilities on the 1st floor. It will be located in theDallas “Arts District”, which is lined with art galleries
and concert halls in the center of Dallas.
Atelier

Apartments

LLC(hereinafter“AtelierApartments), which is comprised of three companies –the Company’s U.S. subsidiary Daiwa House Texas
Inc. (hereinafter “Daiwa House Texas”), ITOCHU andZOM Living*1 (hereinafter “ZOM”), owns a section ofthis project and will operate both the rental housing
portion (the total number of units: 364) and the retailfacilities (space for up to four tenants).
*1: A rental housing developer based in Orlando, Florida in theU.S.

External View of the Atelier Project (Image)●Key Points
1. High-rise rental housing with 41 stories above ground and a variety of amenities
2. Development in the “Arts District”, located in the center of Dallas
3. Targeting high-income earners in the millennial generation and the empty nest generation11. High-rise rental housing with 41 stories above ground and a variety of amenities
Atelier Apartments LLC owns the section for retail facilities on the 1st floor (14,774 square
feet able to accommodate up to four retail tenants), amenity deck for tenants on the 11th floor
and rental housing from the 12th to 41st floors (the total number of units: 364).
The 11th floor amenity deck will feature an entertainment lounge*2, business center, outdoor
pool, fitness center and golf simulation room.
There will be a diverse lineup of floor plans– from one bedroom to three bedrooms, ranging
from 702 to 2,266 square feet – so that we can satisfy a wide range of customers.
In addition, there will be an art gallery that can be visited freely by the public on the 1st floor
with the aim of revitalizing this area through art.
*2: This will be a space exclusively for tenants equipped with a fireplace, sofa, television and pool table.

Art Gallery (Image)Entertainment Lounge (Image)Outdoor Pool (Image)

2. Development in the “Arts District” in the center of Dallas(1) Area with very few apartment buildings lined with many art galleries and concert halls
The project is located in an area of Dallas called the “Arts District.” It is an area linedwith many buildings designed by Pritzker Architecture Prize*3 winning architects.
These buildings include the Dallas Museum of Art, the Nasher Sculpture Center
designed by Renzo Piano, the AT&T Performing Arts Center (a concert hall) designed by
Norman Foster and the Wyly Theatre (an arts and culture center) designed by Rem
Koolhaas.
In addition, this is a convenient location for living. There is an approximately 226,512
square foot park rich in nature called the Klyde Warren Park and the free M-Line
Trolley streetcar that connects downtown to uptown, where there are many restaurants
and shops, in the surrounding area.
*3: This is a prize given to architects who have made great contributions to humanity and theconstruction environment through excellent architectural techniques.

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Dallas Museum of Art

Klyde Warren Park

Downtown(2) Development in the highly convenient Dallas/Fort Worth metropolitan area
The project site is conveniently located only 30 minutes (approximately 20 miles) by car
to Dallas/Fort Worth International Airport, a hub airport of American Airlines and thethird largest hub airport in the U.S., and approximately 12 minutes (approximately 12km) by car to Dallas Love Field Airport, a hub airport of Southwest Airlines.
Furthermore, the surrounding area is home to the head office of AT&T, the largest
telecommunications company in the U.S., as well as Bank of America, JP Morgan andother firms.
3. Targeting high-income earners in the millennial generation and the empty nest generation
The main customers targeted in this project will be high-income earners in the millennialgeneration*4 and the empty nest generation*5 working at major companies, with stablerental demand expected.
*4: This refers to the generation born from around 1980 to 1995. The size of the population of this generationin the U.S. is approximately 75 million. It is said that the millennial generation and their children’sgeneration (Generation Z) will become the center of rental housing demand in about 15 years.
*5: This refers to middle and old age couples whose children have become independent.

●Future Overseas Development
The Company is looking to purchase and develop real estate for rent through our local
subsidiaries in the U.S. At the same time, together with the single-family house business of
Stanley-Martin Communities, LLC in our group, we are aiming for sales of 79 billion yen in
the fiscal year ending March 31, 2019.
Moreover, we intend to develop our business in ASEAN, Australia and other regions where
we are currently expanding with the aim of achieving 270 billion yen in overseas sales
overall in the fiscal year ending March 31, 2019.

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■Property Overview
Atelier Project (Overall)NameAtelier ProjectAddress

2121 Flora Street, Dallas, TX, U.S.

Site area

44,982 square feet

Building area

34,885 square feet

Structure and number of floors

Reinforced concrete structure with 41 floors above
ground and two floors underground

Proprietary company

ZRS Management (Group company of ZOM)

Scheduled start of construction

End of July 2018

Scheduled completion of construction

March 2021

Section Owned by Atelier Apartments
Total number of units

364

Total floor space

744,345 square feetUse

1st floor: Retail facilities and lobby (art gallery)
One portion of the 2nd to 10th floors: Private parking
lot for tenants (Approx. 550 spaces)
11th floor: Amenity deck for tenants
12th to 41st floors: Housing (364 units)

Residential area per unit

702 to 2,266 square feet

Floor plan

One bedroom to three bedrooms

Scheduled move-in start

September 2020

■Local Subsidiary Overview
Company:

Daiwa House Texas Inc.

Address:

222 W Las Colinas Blvd, Suite 1540 East, Irving, TX, 75039

Investor:

Daiwa House USA Inc.
*100% subsidiary of Daiwa House Industry Co., Ltd.

Capital:$226,162,000

Employees: 14 (five employees seconded from the Company)
Inquiries
Daiwa House Industry Co., Ltd.
Tokyo PR Group: +81-3-5214-2112
PR Group: +81-6-6342-1381

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June 29, 2018 Groundbreaking Ceremony

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