April 3, 2017
To All Concerned Parties

REIT Securities Issuer
3-8-11 Kudan Minami, Chiyoda-ku, Tokyo
Sakura Sogo REIT Investment Corporation
Representative Makoto Muranaka,
Executive Director:
Securities Code 3473)
Asset Management Company:
Sakura Real Estate Funds Management, Inc.
Representative Makoto Muranaka,
Representative Director andPresident
Inquiries:
Mayumi Kobiki,
Chief Financial Officer
Tel:+81-3-6272-6608
Notice Concerning Execution of Pipeline Support Agreements by Asset Management Company

Sakura Sogo REIT (hereinafter the “Investment Corporation”) announces that Sakura Real Estate Funds
Management, Inc. (hereinafter the “Asset Management Company”), to which the Investment Corporation entrusts
its asset management, has executed Pipeline Agreements with new two parties.

The details are as follows:

1. Reasons for executing the Pipeline Support Agreements

The Companies who are party to the Pipeline Support Agreements (“the Companies’) are real estate companies
that have developed a wide range of businesses, including development, sales, brokerage, leasing andmanagement of real estate and sale of condominiums. By entering into the Pipeline Support Agreements withthe Companies, the Asset Management Company will be able to obtain information on properties owned and/ormanaged by the Companies on a preferential basis, which will further strengthen its business performance.

2. Outline of the Pipeline Support Agreements (hereinafter the “Agreements”)(i) Contents of the Agreements
The Companies will provide the Asset Management Company with sales information on a preferential basis.
The information to be provided will relate to assets owned and/or managed by the Companies that are for saleand that meet the investment criteria of the Investment Corporation.
(ii) Provision of the right of first refusal
The Asset Management Company will be granted the right for a defined period to negotiate in preference tothird parties regarding the Investment Corporation’s acquisition of the property referred to in the sale
information provided.

(iii) Fulfillment of pipeline / support work
a. The Companies will provide property information to allow the Asset Management Company to determine
whether the property is an appropriate investment opportunity. The Asset Management Company will notify
the Companies within a defined period after receipt of the property information whether it wishes to proceedwith the potential acquisition.
b. If the Asset Management Company informs the relevant Company that it wishes to proceed with thepotential acquisition, a right of first refusal will be granted to the Asset Management Company for a defined
period during which the Companies will negotiate in good faith.
(iv) Compensation and expense for pipeline and support operations
The Companies will perform pipeline and support operations at no charge.
(v) Term of the Agreements
The term of the Agreements will be one year from the date of execution. The Agreements will renew
automatically on an annual basis unless either party requests in writing to terminate the Agreement one monthprior to the expiry date.

(ii)

Overview of the Companies (one Company has requested that its identity not be made public):

Company Name

Liv Co., Ltd.

Address

Roppongi 7-18-18, Minato-ku, Tokyo

Representative

Tsunenori Fukumoto, Representative Director

Lines of Business

Real-estate development, sale, brokerage, lease and management
services

Capital

JPY 90 million

EstablishedFebruary 2003

Relation with the Investment

CapitalThere is no capital relation between this company and theCorporation and the Asset

Investment Corporation and the Asset Management

Management Company

Company.
Personal

There is no personal relation between this company andthe Investment Corporation and the Asset Management
Company.

BusinessThere is no capital relation between this company and theInvestment Corporation and the Asset Management
Company.

Company Name

Undisclosed (Listed on the second section of the Tokyo Stock Exchange)

Address

Minato-ku, Tokyo

Representative

Undisclosed

Lines of Business

Real-estate sale, brokerage, leasing and management services

Capital

Undisclosed

Established

Undisclosed

Relation with the Investment

CapitalThere is no capital relation between this company and theCorporation and the Asset

Investment Corporation and the Asset Management

Management Company

Company.
Personal

There is no personal relation between this company andthe Investment Corporation and the Asset ManagementCompany.

Business

There is no capital relation between this company and theInvestment Corporation and the Asset Management
Company.

(iii)

Future Outlook

No revision is made for the forecasts of investment status for the fiscal period ended February 2017 and the fiscal
period ending August 2017.

Sakura Sogo REIT website address: http://sakurasogoreit.com