December 17, 2012
To whom it may concern:<Investment Corporation>
Japan Real Estate Investment Corporation
Noritada Terasawa, Executive Director(TSE code: 8952)<Asset Management Company>
Japan Real Estate Asset Management Co., Ltd.
Hiroshi Katayama, CEO & President
Contact: Ryuta Yoshida, General Manager, Planning Department
Phone: +81-3-3211-7921

Notice on Acquisition of Domestic Real Estate
Announcement is hereby made that on December 17, 2012, Japan Real Estate Investment
Corporation (the “Company”) decided to acquire the following domestic real estate property.
1. Outline of the acquisition
1) Asset to be acquired:

2) Name of asset:

Domestic Real Estate
Land: Ownership (share of co-ownership)
Building: Compartmentalized building units and co-ownershipof compartmentalized building units(ownership percentage for building: 2.859811%) (Note 1)
Harmony Tower

3) Acquisition price:¥ 520 million

4) Scheduled acquisition date:

December 19, 2012 (scheduled)

5) Seller:

4 individuals (Note 2)6) Method of Settlement:7) Acquisition funds:

Lump sum payment at closing of acquisition
Own funds (scheduled)

Note 1: The Company acquired a share of ownership of the property (29.253305% of the share ofownership of the building) on February 28, 2005. Following the above acquisition of anadditional share, the Company’s share of ownership of the building will be 32.113115%.
Note 2: Details of the sellers are not disclosed due to non-approval of disclosure by individuals of thesellers.

2. Reason for the acquisition
The Company will acquire the assets based on the basic policies and investment attitude foracquisition under the Articles of Incorporation of the Company. In particular, the following
points have been highly evaluated in the determination of the acquisition.

1(1) Improvements in efficiency of property management and operation as well as asset value
・Since the Company currently holds a share of ownership of the property (29.253305% of
the share of ownership of the building), it is aware of the characteristics and details ofmanagement and operation of this property as a compartmentalized building unit title
holder. The Company is therefore positioned to expeditiously acquire an additional sharein the property while, to a certain extent, mitigating the risk of acquiring the asset.
Moreover, improvements in efficiency of property management and operation as well as
the asset value can be expected with the Company increasing its share in the property. Inaddition the Company is granted the preferential negotiating right to acquire otherco-owners’ shares.
(2)Superior location
・This property is located in the center of the Nakanosakaue area, which is adjacent to thearea of skyscrapers in Nishishinjuku and increasingly recognized as a new office zone.
Also, it is directly connected to Nakanosakaue Station, which provides access to multiple
subway lines.
・In addition, it faces Yamate-Dori and Oume-Kaido, which are principal roads in Tokyo andprovides a high level of visibility.
3. Details of the asset to be acquired
The relevant information is as set out below. The information on “area,” “structure” and“completion date” is derived from the land registry and “usage” described below is among themain usages listed in the land registry.
(1) Details of the real property
Location
Address shown inland registry
Address
UsageAreaLand
Building
Structure
Completion dateArchitect
Constructor
Building confirmationand inspection bodyType of ownershipLand
BuildingLand
1-1000, Honcho, Nakano-ku, Tokyo and other 2 lots
Building 1-1000, Honcho, Nakano-ku, Tokyo
1-32-2, Honcho, Nakano-ku, TokyoOffice
10,020.52 m² (Note 1)
72,729.31 m²
Steel-framed, steel-framed reinforced concrete, reinforced concrete
structure, flat roof
Above ground: 29 floors Below ground: 2 floors
March 1997
NIHON SEKKEI, Inc.
JV of Taisei Corporation, Obayashi Corporation, Mitsubishi
Construction Corporation, Nakano Corporation Co., Ltd.
Tokyo Metropolitan Government
Ownership (share of co-ownership: 2,826,695/100,000,000)(Note 2)Compartmentalized building units and co-ownership ofcompartmentalized building units2

Acquisition priceAppraisal value(Appraisal institution)(Appraisal date)
PML valueCompartmentalized building units of the nineteenth floor andco-ownership of compartmentalized building units for some
portions of the seventeenth floor
Share of ownership of the building: 2.859811%¥520 million¥676 million(DAIWA REAL ESTATE APPRAISAL CO., LTD.)(as of December 1, 2012)
2.0 % (Based on an earthquake risk assessment report issued byTokio Marine & Nichido Risk Consulting Co., Ltd.)
NoneCollateral
Property managementMitsubishi Jisho Property Management Co., Ltd. (Note 3)company
Note 1: The total land area includes 2 lots (324.00 m²) of subject property servient land basedon an easement of the dominant land. This easement of the dominant land is assigned
for the benefit of underground automotive access and automotive access.
Note 2: Land use rights 2.826695%
Note 3: Outline of the property management company
Mitsubishi Jisho Property Management Co., Ltd.
Corporate name1-12-1 Yurakucho, Chiyoda-ku, Tokyo
Address of theregistered head
officeYutaka Hayashi, PresidentRepresentative¥110 million (as of March 31, 2012)
Paid-in capital
Major shareholder
Mitsubishi Estate Co., Ltd. (as of March 31, 2012)
Principal business
General management of buildings
Relationship with theMitsubishi Estate Co., Ltd., a parent company that holds a 63 %Company or the asset stake of Japan Real Estate Asset Management Co., Ltd. (the assetmanagementmanagement company), to which the Company entrusts thecompany
management of its assets, hold a 100 % stake in Mitsubishi Jisho
Property Management Co., Ltd.(“Mitsubishi Jisho PropertyManagement” )Mitsubishi Jisho Property Management falls within the related partyof the asset management company under the Cabinet Order of theEnforcement of Law Concerning Investment Trusts and Investment
Corporations of Japan, and also falls within the related party under
the internal rules of the asset management company.

3(2) Tenant details
Total number of tenants
Total leasable space
Total leased space
Trend in occupancy rates

2
1,068m2
1,068m2
September 30, 2008
100.0%
September 30, 2009100.0%
September 30, 2010
100.0%
September 30, 201162.3%
September 30, 2012
100.0%
Scheduled acquisition date 100.0%
Total rent revenue
Undisclosed due to non-approval of disclosure by the tenant
Security deposit
Undisclosed due to non-approval of disclosure by the tenant
NOI (Net Operating Income)¥ 35 million per year
(Estimated under normal leasing operation)¥ 5 million per year
Depreciation(Estimated under normal leasing operation)- Total number of tenants, total leasable space, total leased space and occupancy rateon the scheduled acquisition date are projections as of the scheduled acquisition date.
- NOI is an estimated amount under normal operation given the fixed property taxes
and city planning taxes based on the terms and conditions of lease agreements as of(Notes)
the scheduled acquisition date, etc.
* Estimated occupancy rate: 95.0 %- Depreciation represents the estimated amount under normal operation.
- The above figures (except NOI and depreciation) are based on the data provided bythe seller.

(3) Specifications for rental floor space
Ceiling heightStandard floor area
Office automation floor
Electric capacity
Air conditioning system
Floor loadOthers

2,700 mm
412 tsubo
75 mm
50 VA/ m2
Individual air conditioning by zones
500 kg/ m2 (heavy-duty zone 800 kg/ m2)
Around-the-clock entry(4) Outline of the engineering report
i. Outline of repair items
Date of report
Preparer of report
Repairing expenses/Capital expenditure forthe next 15 years(Annual average for the share to be acquired by thecompany)

4

Repairing expenses
Capital expenditure
TotalFebruary 23, 2010
Shimizu Corporation¥ 1 million¥ 7 million¥ 8 million

ii. Description concerning utilization status of asbestos(Description on the possible use of asbestos)Sprayed materials with asbestos
None4. Outline of seller
4 individuals* Details of the sellers are not disclosed due to non-approval of disclosure by individuals of thesellers.
5. Information on property owners, etc.
This domestic real estate was not acquired from a related party with a special relationship to theCompany and/or the asset management company.
6. Outline of the brokerage
Undisclosed due to non-approval of disclosure by the broker
7. Acquisition schedule
December 17, 2012
The acquisition of the property was determined.
December 17, 2012 Execution of agreement for the acquisition of Harmony Tower (scheduled)
December 19, 2012
Closing of acquisition of Harmony Tower (scheduled)
8. Performance projection
As the impact of this property acquisition on the Corporation's management performance for thefiscal period from October 1, 2012 to March 31, 2013 is expected to be minor, no revision of theforecast for performance will be made.
This notice is the English translation of the announcement in Japanese dated December 17, 2012
on our website. However, no assurance or warranties are given for the completeness or accuracy ofthis English translation.

Reference materials (attachments)• Outline of appraisal report• Information map• Photo: Outside view of property• List of all the assets of the Company after the acquisition of this asset

5

(Refeerence) Outlinne of appraisaal report
Appraisaal value
Appraisaal institution
Date of appraisal
amillion yen
676 m
Daiwaa Real Estate Appraisal Coo., Ltd.
Decem
mber 1, 2012

Iteem
Capitalizzed value
Valuee in direct cap
pitalization mmethod

Value/%¥676,000¥
thouusand¥709,000¥
thouusandNet caash flow

¥40,408 thouusand

Cap raate

5.7%

Valuee in DCF methhod¥662,000¥
thouusandDiscount rate

5.5%Termiinal cap rate

5.9%

Integratiion value¥726,000¥
thouusand

Percentaage for land

666.2%

Percentaage for buildinng333.8%* Values beelow a thousandd yen are cut offf.

(Refeerence) Informmation map

6

(Reference) Photo: Outside view of Harmony Tower

7

List of all the assets of the Company after the acquisition of this asset
Area

Name
Genki Medical Plaza
Kitanomaru Square
MD Kanda Building
Kandabashi Park Building
Nibancho Garden
Mitsubishi UFJ Trust and Banking
Building
Burex Kojimachi Building
Sanno Grand Building
Yurakucho Denki BuildingTokyometropolitan
area(23 wards)

Location
Chiyoda-ku,
Tokyo
Chiyoda-ku,
Tokyo
Chiyoda-ku,
Tokyo
Chiyoda-ku,
Tokyo
Chiyoda-ku,
Tokyo
Chiyoda-ku,
Tokyo
Chiyoda-ku,
Tokyo
Chiyoda-ku,
Tokyo
Chiyoda-ku,
TokyoType of asset

Acquisition date orscheduled acquisition
dateAcquisition
price (Note 1)(thousand yen)

Percentage
of portfolio

Real property

October 31, 2002

5,000,000

0.6%Real property

February 24, 2006

81,555,500

10.4%Real property

May 31, 2002

9,520,000

1.2%Real property

August 15, 2002

4,810,000

0.6%Real property

April 1, 2005

14,700,000

1.9%Real property

March 28, 2007

44,700,000

5.7%Real property

July 29, 2005

7,000,0000.9%

January 31, 2005
April 3, 2006
Total

10,200,000

Real property

August 1, 2003

7,200,0000.9%

September 25, 2001

3,173,000

0.4%

March 1, 2011

4,410,000

0.6%Real property
Trust beneficiaryright in trust ofreal estate
Trust beneficiaryright in trust ofreal estate

10,700,000

2.7%

20,900,000

Kodenmacho Shin-Nihonbashi
Building

Chuo-ku, Tokyo

Kyodo Building(Kayabacho 2Chome)

Chuo-ku, Tokyo

Burex Kyobashi Building

Chuo-ku, TokyoReal property

July 22, 2002

5,250,000

0.7%

Ginza Sanwa Building

Chuo-ku, Tokyo

Real property

March 10, 2005

16,830,000

2.2%

Ryoshin Ginza East Mirror Building

Chuo-ku, Tokyo

Real property

March 15, 2005
May 24, 2010
Total

5,353,500
2,645,922
7,999,422

1.0%

Harumi Front

Chuo-ku, Tokyo

Real property

January 4, 2013

31,300,000

4.0%

Harumi Center Building

Chuo-ku, Tokyo

Real property

December 18, 2007

26,800,000

3.4%Real Property

November 15, 2011

60,800,000

7.8%

Akasaka Park Building
Aoyama Crystal Building

Minato-ku,Tokyo
Minato-ku,TokyoShiodome Building

Minato-ku,
TokyoShiba 2Chome Daimon Building

Minato-ku,TokyoCosmo Kanasugibashi Building

Minato-ku,
TokyoShinwa Building

Shinjuku-ku,
TokyoTokyo Opera City Building
TIXTOWER UENO
Higashi-Gotanda 1Chome Building
Osaki Front Tower
Omori-Eki Higashiguchi Building
Nippon Brunswick Building
Yoyogi 1Chome Buildingda Vinci Harajuku
Jingumae Media Square Building

Shinjuku-ku,
Tokyo
Taito-ku,Tokyo
Shinagawa-ku,
Tokyo
Shinagawa-ku,
Tokyo
Ota-ku, Tokyo
Shibuya-ku,
TokyoShibuya-ku,
TokyoShibuya-ku,
TokyoShibuya-ku,
TokyoReal property

March 14, 2003

7,680,000

1.0%

Trust beneficiaryright in trust ofreal estate
Trust beneficiaryright in trust ofreal estate
Trust beneficiaryright in trust ofreal estate

December 19, 2008
January 15, 2010
Total

21,250,000
54,600,000
75,850,000

9.7%

September 10, 2001

4,859,000

0.6%

September 25, 2001

2,808,000

0.4%Real property

September 1, 2004

7,830,000

1.0%Real property

September 13, 2005
March 24, 2010
Total

9,350,000
22,426,831
31,776,831

4.1%

Real property

June 15, 2012

22,000,000

2.8%Real property

November 1, 2004

5,500,000

0.7%Real property

February 1, 2011

12,300,000

1.6%

Trust beneficiaryright in trust ofreal estate

September 10, 2001

5,123,000

0.7%Real property

March 24, 2004

6,670,000

0.9%Real property

April 1, 2004

8,700,000

1.1%Real property

November 22, 2002

4,885,000

0.6%Real property

October 9, 2003

12,200,000

1.6%

8Percentage
by area

78.9%

Area

NameLocation

Type of asset

Shibuya Cross Tower

Shibuya-ku,Tokyo

Real propertyTokyo
metropolitanarea(excluding23 wards)

3,740,000

8,500,000
520,000
9,020,000

1.2%

September 25, 2001

3,541,0000.5%

September 25, 2001

1,728,000

0.2%

August 2, 2004

4,500,0000.6%

March 31, 2005
March 19, 2008
Total
September 25, 2001
October 11, 2001
Total

3,300,000

Real property

March 24, 2008

37,400,000

4.8%

Trust beneficiaryright in trust ofreal estate

September 25, 2001

3,375,0000.4%

Real property

March 25, 2008

4,000,000

0.5%

670,646,866

85.7%

85.7%
0.9%

Nakano-ku
TokyoReal property

Otsuka Higashi-Ikebukuro Building

Toshima-ku,
Tokyo

Ikebukuro 2Chome Building

Toshima-ku,
Tokyo

Ikebukuro YS Building

Toshima-ku,
TokyoReal property

Hachioji First Square

Hachioji City,
Tokyo

Real property

MM Park Building

Kawasaki Isago Building

Musahi Kosugi STM Building

Yokohama City,
Kanagawa
Prefecture
Kawasaki City,
Kanagawa
Prefecture
Kawasaki City,
Kanagawa
Prefecture

4.4%

Trust beneficiaryright in trust ofreal estate
Trust beneficiaryright in trust ofreal estate

Real property

Total: Tokyo metropolitan area
Hokkaido

8 • 3 Square Kita Building
Jozenji Park Building

TohokuregionHigashi Nibancho Square
Sendai Honcho Honma
Building

Hokuriku
regionKanazawa Park Building

Nishiki Park Building
Chubu
regionHirokoji Sakae Building
Nagoya Hirokoji Building
Nagoya Misono Building
Kyoto Shijo Kawaramachi Building

Shin-Fujita Building
Kinki region

ChugokuregionSapporo City,
Hokkaido
Sendai City,
MiyagiPrefecture
Sendai City,
MiyagiPrefecture

0.5%

2,379,112

0.7%

5,679,112
1,232,000
1,342,000

0.3%

2,574,000

June 1, 2007

7,100,000

0.9%Real property

January 31, 2005

1,000,000

0.1%Real property

January 7, 2013

9,950,000

1.3%

Sendai City,
MiyagiPrefecture

Trust beneficiaryright in trust ofreal estate

2,924,000

Kanazawa City,
Ishikawa
Prefecture

Real property

Nagoya City,
Aichi Prefecture

Real property

September 25, 2001
June 28, 2006
Total
February 28, 2002
March 3, 2003
Total
October 2, 2006
November 1, 2006
Total

Real property

September 22, 2006

1,680,000

0.2%Real property

September 10, 2001

14, 533,000

1.9%Real property

August 8, 2003

1,865,000

0.2%Real property

December 20, 2001

2,650,000

0.3%

Trust beneficiaryright in trust ofreal estate

September 1, 2008

24,000,000

3.1%

2,264,000

14,314,000
4,650,000

Sakaisujihonmachi Building

Osaka City,
Osaka
Prefecture

Real property

Midosuji Daiwa Building

Osaka City,
Osaka
Prefecture

Trust beneficiaryright in trust ofreal estate

September 25, 2001
December 26, 2003
Total
September 25, 2001
February 28, 2002
Total

Okayama City,
OkayamaPrefecture

Real property

February 1, 2006

Lit City Building

360,000
4,100,000

Real property

Nagoya City,
Aichi Prefecture
Nagoya City,
Aichi Prefecture
Nagoya City,
Aichi Prefecture
Kyoto City,
Kyoto
Prefecture
Osaka City,
Osaka
Prefecture

Percentage
by area

34,600,000

Harmony Tower

Saitama City,
SaitamaPrefecture

Percentage
of portfolio

November 30, 2001

Real property

Saitama Urawa Building

Acquisition
price (Note 1)(thousand yen)

November 14, 2003
April 1, 2004
Total
February 28, 2005
December 19, 2012
Total

Shibuya-ku
TokyoEbisu Neonato

Acquisition date orscheduled acquisitiondate

9250,000

6.8%

1.8%

0.4%

3,174,000
2,880,000
1,700,000

0.6%

0.6%

4,580,000
3,850,000
1,300,000

0.7%

5,150,000

1,900,000

3.0%

5.8%
0.5%

4,164,000
6,934,000
7,380,000

1.8%

0.6%

0.9%

Acquisition date orscheduled acquisition
date
March 25, 2004
March 3, 2008
Total

Acquisitionprice (Note 1)(thousand yen)

Real property

September 25, 2001

1,550,000

0.2%Real property

June 1, 2005

5,000,000

0.6%

Trust beneficiaryright in trust ofreal estate

September 10, 2001

3,657,000

0.5%

Total: Other major cities

111,787,000

14.3%

14.3%

Total: Portfolio

782,433,866

100.0%

100.0%Area

NameLocation

Type of asset

NHK Hiroshima Broadcasting
Center Building

Hiroshima City,
Hiroshima
Prefecture

Real property

Tosei Tenjin Building
KyushuregionTenjin Crystal Building

Hinode Tenjin Building(Note1)(Note2)(Note3)

Fukuoka City,
Fukuoka
Prefecture
Fukuoka City,
Fukuoka
Prefecture
Fukuoka City,
Fukuoka
Prefecture

Percentageof portfolio

1,320,000
1,450,000

0.4%

2,770,000

Acquisition prices are expressed by cutting off the numbers below a thousand.
The acquisition price of Jingumae Media Square Building is the price of the property on the date of acquisition (October9, 2003), including the sales cost (¥614 million) of the part of the property that was transferred on October 30, 2009.
“After the acquisition of this asset” refers to the condition of the portfolio after the acquisition of an additional share inHarmony Tower as of December 19, 2012 and the acquisition of Harumi Front and Higashi Nibancho Square as ofJanuary 7, 2013.

10

Percentage
by area

1.3%