October 12, 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 October 12, 2012, Japan Real Estate Investment Corporation(the “Company”) decided to acquire the following two domestic real estate properties.

1. Outline of the acquisition
1) Assets to be acquired:
Domestic Real Estate

Domestic Real Estate2) Name of assets:

Harumi Front

Higashi Nibancho Square

3) Acquisition prices:¥31,300 million¥9,950 million

4) Scheduled acquisition
date:

January 7, 2013

January 7, 2013

5) Sellers:Harumi Nichome Special Purpose
Company (TMK)

Hayate Special Purpose Company(TMK)6) Method of Settlement:

Lump sum payment at closing of acquisition

7) Acquisition funds:

Proceeds from issuance of new investment units, loans and cash on hand(scheduled)

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.
【Harumi Front】(1) Large-sized newly constructed property within the three central wards (Chiyoda-ku,
Chuo-ku and Minato-ku) of Tokyo
・This property is a large-sized building completed in 2012 that boasts a standard floor areaof 693 tsubo, the largest in the Harumi area. In addition to the latest facilities in terms ofenergy-savings and environmental design, such as electric blinds with sunlight tracking

Disclaimer: This document is intended to serve as a press statement to make available the information on assets acquisition of Japan Real
1 not constitute and should not be construed as an offer to sell or
Estate Investment Corporation (the “Company”), and does
solicitation of an offer to purchase any unit or other investment of the Company. Prospective investors are advised to read theCompany's prospectus for new unit issuance and secondary offering (and its amendments, if any) and make any investment
decisions at their own risk and responsibility.

control and an LED lighting system in the common area, it is also equipped with seismic
damping systems and emergency power generators as disaster prevention measures.
Given these rare elements both in terms of size and specifications, the property is
expected to maintain its competitiveness as an office building for a long time to come.
(2) Strong tenant credibility and stable revenue generated from long-term leases
・Regular contribution to the stable portfolio revenue in the medium to long term can be
expected, since the major tenant of this property is a leading financial institution, and wehave already concluded a long-term leasing agreement with this tenant.
(3) Excellent location with good growth potential for the office building
・The Harumi area in which this property is located, is well recognized as a new office
district within the three central wards of Tokyo, and further development is expected forthis area.
【Higashi Nibancho Square】(1) Superior location
・The location of this property at “Aoba Dori & Hirose Dori” is a leading office building
hub in the center of Sendai City. It is also close to local government office buildings(prefectural offices, city hall, joint public agency buildings, etc.), and thus, a wide rangeof tenant needs can be expected.
・Above all, this property is located just one minute’s walk from Hirosedori Station of theMunicipal Subway Namboku Line, and the building faces the main trunk road, Higashi
Nibancho Dori, offering excellent accessibility and visibility, which are among thehighest level in this area.
(2) Highly competitive, newly constructed property・Completed in 2008, this property is a large-sized building, equipped with a seismic
damping systems. Having a standard floor area of 468 tsubo, one of the largest in Sendai,
and with specifications that will meet the needs of tenants, such as a non-contact IC card
security system and low-e double glazing glass, this property offers specifications thatare highly competitive.
3. Details of the assets 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.
【Harumi Front】(1) Details of the real property
Location
Address shown inland registry
Address
Usage
Area
Land
Building
StructureLand
2-107 Harumi, Chuo-ku, Tokyo
Building 2-107 Harumi, Chuo-ku, Tokyo
2-1-40 Harumi, Chuo-ku, Tokyo
Office, Shop
7,250.15 m2
45,458.90 m2
Steel-framed structure, flat roof

Disclaimer: This document is intended to serve as a press statement to make available the information on assets acquisition of Japan Real
Estate Investment Corporation (the “Company”), and does not constitute and should not be construed as an offer to sell orsolicitation of an offer to purchase any unit or other investment of the Company. Prospective investors are advised to read theCompany's prospectus for new unit issuance and secondary offering (and its amendments, if any) and make any investment
decisions at their own risk and responsibility.

Completion dateArchitect
Constructor
Building confirmationand inspection bodyType of ownership
Land
Building
Acquisition priceAppraisal value(Appraisal institution)(Appraisal date)
PML value
Collateral
Property managementcompany

Above ground: 17 floors Below ground: 1 floor
February, 2012
Mitsubishi Jisho Sekkei First-class Registered Architect Offices
Kajima Corporation
The Building Center of Japan

Ownership
Ownership¥31,300 million¥32,540 million(Chuo Real Estate Appraisal Co., Ltd.)(as of September 1, 2012)
2.0 % (Based on an earthquake risk assessment report issued by
Tokio Marine & Nichido Risk Consulting Co., Ltd.)
Mortgage (The mortgage will be released before the acquisition of
the property.)
Mitsubishi Estate Co., Ltd. (Note 1)

Note 1: Outline of the property management company
Corporate name
Mitsubishi Estate Co., Ltd.
Address of the registered head 1-6-1 Otemachi, Chiyoda-ku, Tokyo
officeRepresentative
Hirotaka Sugiyama, President & CEO
Paid-in capital¥141,373 million (as of March 31, 2012)
Major shareholder
The Master Trust Bank of Japan Ltd. (trust account)
Japan Trustee Services Bank, Ltd. (trust account)
Meiji Yasuda Life Insurance Company(as of March 31, 2012)
Principal business
Real estate business
Relationship with the Company Mitsubishi Estate Co., Ltd. (“Mitsubishi Estate”) is theor the asset management
parent company and it holds a 63 % stake of Japan Realcompany
Estate Asset Management Co., Ltd. (the “asset
management company”), to which the Company entrusts
the management of its assets.
Mitsubishi Estate falls within the definition of related
party of the asset management company under the Orderfor Enforcement of the Japanese Act on Investment Trusts
and Investment Corporations, and also falls within thedefinition of related party under the internal rules of theasset management company.
As of March 31, 2012, Mitsubishi Estate holds 10,160
investment units of the Company (1.85% of total
outstanding investment units).

Disclaimer: This document is intended to serve as a press statement to make available the information on assets acquisition of Japan Real
Estate Investment Corporation (the “Company”), and does not constitute and should not be construed as an offer to sell orsolicitation of an offer to purchase any unit or other investment of the Company. Prospective investors are advised to read theCompany's prospectus for new unit issuance and secondary offering (and its amendments, if any) and make any investment
decisions at their own risk and responsibility.

(2) Tenant details
Total number of tenants
Total leasable space
Total leased space
Trend in occupancy rates
Total rent revenue
Security deposit
NOI (Net Operating Income）

5
33,369 m2
32,894 m2
Scheduled acquisition date
98.6 %
Undisclosed due to non-approval of disclosure by the tenant
Undisclosed due to non-approval of disclosure by the tenant¥ 1,632 million per year
(Estimated under normal leasing operation)¥ 709 million per year
Depreciation(Estimated under normal leasing operation)-The Company, upon acquisition of the building, will lease the entire space in thebuilding to Mitsubishi Estate Co., Ltd who will sublease the space to tenants.
- Total number of tenants, total leasable space, total leased space and occupancy
rate on the scheduled acquisition date are projections as of the scheduledacquisition date.
- NOI is an estimated amount under normal operation given the fixed property(Notes)taxes and city planning taxes based on the terms and conditions of leaseagreements as of the scheduled acquisition date, etc.
* Estimated occupancy rate: 98.3 %- Depreciation represents the estimated amount under normal operation.
- The above figures (except NOI and depreciation) are based on the data provided
by the seller.
(3) Specifications for rental floor space
Ceiling heightStandard floor area
Office automation floor
Electric capacity
Air conditioning system
Floor load
Others2,850 mm693 tsubo
100 mm50 VA/m2
Multiple zoning per floor
500 kg/m2 (heavy-duty zone 800 kg/ m2)
Around-the-clock janitorial service(4) Outline of the engineering reporti.Outline of repair items
Date of report
Preparer of report
Repairing expenses/Capital expenditure forthe next 15 years(Annual average)

Repairing expenses
Capital expenditure
Total

September 13, 2012
Shimizu Corporation¥ 26 million¥ 5 million¥ 31 million

ii. Description concerning utilization status of asbestos(Description on the possible use of asbestos)Sprayed materials with asbestos
None
Disclaimer: This document is intended to serve as a press statement to make available the information on assets acquisition of Japan Real
Estate Investment Corporation (the “Company”), and does not constitute and should not be construed as an offer to sell orsolicitation of an offer to purchase any unit or other investment of the Company. Prospective investors are advised to read theCompany's prospectus for new unit issuance and secondary offering (and its amendments, if any) and make any investment
decisions at their own risk and responsibility.

【Higashi Nibancho Square】(1) Details of the real property
Location
Address shown inland registry
Address
Usage
Area
Land
Building
Structure
Completion dateArchitect
Constructor
Building confirmationand inspection bodyType of ownership
Land
Building
Acquisition priceAppraisal value(Appraisal institution)(Appraisal date)
PML value
Collateral
Property managementcompany

4-1-23 Ichibancho, Aoba-ku, Sendai City, Miyagi
Prefecture and others
4-1-23 Ichibancho, Aoba-ku, Sendai City, Miyagi
Building
Prefecture
4-1-25 Ichibancho, Aoba-ku, Sendai City, Miyagi Prefecture
Office, Shop
Land

3,191.27 m2
27,680.45 m2
Steel-framed, steel-framed reinforced concrete structure, flat roof
Above ground: 14 floors Below ground: 1 floor
July 2008
Mitsubishi Jisho Sekkei Inc. and Kajima Design of Kajima
Corporation
Kajima Corporation
The Building Center of Japan

Ownership
Ownership¥9,950 million¥11,560 million(Chuo Real Estate Appraisal Co., Ltd.)(as of September 1, 2012)
1.8 % (Based on an earthquake risk assessment report issued by
Tokio Marine & Nichido Risk Consulting Co., Ltd.)
Mortgage (The mortgage will be released before the acquisition of
the property.)
Mitsubishi Jisho Property Management Co., Ltd. (Note 1)

Note 1: Outline of the property management company
Corporate name
Mitsubishi Jisho Property Management Co., Ltd.
Address of the registered head
1-12-1 Yurakucho, Chiyoda-ku, Tokyo
officeRepresentative
Yutaka Hayashi, President
Paid-in capital¥110 million (as of March 31, 2012)
Major shareholder
Mitsubishi Estate Co., Ltd. (as of March 31, 2012)
Principal business
General management of buildings

Disclaimer: This document is intended to serve as a press statement to make available the information on assets acquisition of Japan Real
Estate Investment Corporation (the “Company”), and does not constitute and should not be construed as an offer to sell orsolicitation of an offer to purchase any unit or other investment of the Company. Prospective investors are advised to read theCompany's prospectus for new unit issuance and secondary offering (and its amendments, if any) and make any investment
decisions at their own risk and responsibility.

Relationship with the Company Mitsubishi Estate Co., Ltd., a parent company that holds aor the asset management
63 % stake of Japan Real Estate Asset Management Co., Ltd.
company(the asset management company), to which the Company
entrusts the management of its assets, hold a 100 % stake in
Mitsubishi Jisho Property Management Co., Ltd.(“Mitsubishi
Jisho Property Management” )Mitsubishi Jisho Property Management falls within therelated party of the asset management company under the
Cabinet Order of the Enforcement of Law Concerning
Investment Trusts and Investment Corporations of Japan, andalso falls within the related party under the internal rules of
the asset management company.

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

17
20,526 m2
19,926 m2
September 30, 201095.5 %March 31, 201197.1 %
September 30, 201192.4 %March 31, 2012
80.1 %
September 30, 2012
97.1 %
Scheduled acquisition date
97.1 %
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¥ 686 million per year
NOI (Net Operating Income）(Estimated under normal leasing operation)¥ 250 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: 97.1 %- Depreciation represents the estimated amount under normal operation.
- The above figures (except NOI and depreciation) are based on the data provided by
the seller.

(3) Specifications for rental floor space
Ceiling heightStandard floor area
Office automation floor
Electric capacity

2,800 mm
468 tsubo
100 mm60 VA/ m2

Disclaimer: This document is intended to serve as a press statement to make available the information on assets acquisition of Japan Real
Estate Investment Corporation (the “Company”), and does not constitute and should not be construed as an offer to sell orsolicitation of an offer to purchase any unit or other investment of the Company. Prospective investors are advised to read theCompany's prospectus for new unit issuance and secondary offering (and its amendments, if any) and make any investment
decisions at their own risk and responsibility.

Air conditioning system
Floor load
OthersMultiple zoning per floor
500 kg/ m2 (heavy-duty zone 800 kg/ m2)
Around-the-clock entry and exit by contactless IC card key(4) Outline of the engineering reporti.Outline of repair items
Date of report
Preparer of report
Repairing expenses/Capital expenditure forthe next 15 years(Annual average)

Repairing expenses
Capital expenditure
Total

September 13, 2012
Shimizu Corporation¥ 13 million¥ 42 million¥ 55 million

ii. Description concerning utilization status of asbestos(Description on the possible use of asbestos)Sprayed materials with asbestos
None

4. Outline of sellers【Harumi Front】
Corporate name
Address of the registered head
officeRepresentative
Paid-in capital
Establishment date
Major shareholder
Principal business

Harumi Nichome Special Purpose Company (TMK)
1-9-13 Nihonbashi, Chuo-ku, Tokyo

Masami Mikami, Director¥9,240 million (as of March 29, 2012)
July 3, 2007
Undisclosed due to the seller’s request(1)Undertaking, managing, and disposing of specified assets
in accordance with an asset securitization plan under the Act
on Securitization of Assets(2)Operations that occur in conjunction with and in relation to
the securitization of such specified assets
Relationship with the Company or the asset management company
Mitsubishi Estate Co., Ltd., a shareholder that holds a 63 %stake of the asset management company to which theCapital relationship
Company entrusts the management of its assets, has apreferred equity investment in Harumi Nichome TMK.
There is no personal relationship to describe between the
Personal relationship
Company or the asset management company, and Harumi
Nichome TMK.
There is no business relationship to describe between theBusiness relationship
Company or the asset management company, and Harumi
Nichome TMK.
Harumi Nichome TMK falls within the definition of related
Applicability toparty of the Company under the Regulation for Terminology,
related parties
Forms and Preparation of Financial Statements. Furthermore,
Harumi Nichome TMK falls within the definition of related
Disclaimer: This document is intended to serve as a press statement to make available the information on assets acquisition of Japan Real
Estate Investment Corporation (the “Company”), and does not constitute and should not be construed as an offer to sell orsolicitation of an offer to purchase any unit or other investment of the Company. Prospective investors are advised to read theCompany's prospectus for new unit issuance and secondary offering (and its amendments, if any) and make any investment
decisions at their own risk and responsibility.

party of the asset management company under the Order for
Enforcement of the Japanese Act on Investment Trusts andInvestment Corporations, and also falls within the definitionof related party under the internal rules of the asset
management company.

【Higashi Nibancho Square】
Corporate name
Address of the registeredhead office
Representative
Paid-in capital
Establishment date
Major shareholder
Principal business

Hayate Special Purpose Company (TMK)
3-2-3 Marunouchi, Chiyoda-ku, Tokyo
Located in Tokyo Kyodo Accounting Office
Shinji Arakawa, Director¥6,650 million (as of September 29, 2008)
February 24, 2006
Undisclosed due to the seller’s request(1)Undertaking, managing, and disposing of specified assets inaccordance with an asset securitization plan under the Act on
Securitization of Assets(2)Operations that occur in conjunction with and in relation to
the securitization of such specified assets
Relationship with the Company or the asset management company

Capital relationship

Personal relationship

Business relationshipApplicability torelated parties

Mitsubishi Estate Co., Ltd., a shareholder that holds a 63 %stake of the asset management company to which the Company
entrusts the management of its assets, has a preferred equity
investment in Hayate TMK.
There is no personal relationship to describe between the
Company or the asset management company, and Hayate
TMK.
There is no business relationship to describe between the
Company or the asset management company, and Hayate
TMK.
Hayate TMK falls within the definition of related party of theCompany under the Regulation for Terminology, Forms andPreparation of Financial Statements. Furthermore, Hayate TMK
falls within the definition of related party of the asset
management company under the Order for Enforcement of theJapanese Act on Investment Trusts and Investment Corporations,and also falls within the definition of related party under theinternal rules of the asset management company.

5. Information on property owners, etc.
【Harumi Front】
Name of property(Address)
Previous property owner
Corporate name

Harumi Front(2-1-40 Harumi, Chuo-ku, Tokyo)
Harumi Nichome Special Purpose Company (TMK)

Disclaimer: This document is intended to serve as a press statement to make available the information on assets acquisition of Japan Real
Estate Investment Corporation (the “Company”), and does not constitute and should not be construed as an offer to sell orsolicitation of an offer to purchase any unit or other investment of the Company. Prospective investors are advised to read theCompany's prospectus for new unit issuance and secondary offering (and its amendments, if any) and make any investment
decisions at their own risk and responsibility.

Relationship with related parties
Reason for acquisition, etc.
Acquisition price
Acquisition date

Reference to above 4. Outline of sellers
Newly built in February 2012－－

【Higashi Nibancho Square】
Name of property(Address)
Previous property owner
Corporate name
Relationship with related parties
Reason for acquisition, etc.
Acquisition price
Acquisition dateHigashi Nibancho Square(4-1-25 Ichibancho, Aoba-ku, Sendai City, Miyagi
Prefecture)
Hayate Special Purpose Company (TMK)
Reference to above 4. Outline of sellers
Newly built in July 2008－－

6. Outline of the brokerage
Not applicable
7. Transaction with related parties, etc.
This transaction is deemed as transactions with related parties, etc. When executing suchtransaction, the asset management company has obtained the review and approval from thecompliance committee, and undergone approval procedures at an asset management meeting,pursuant to the Rules for Related Party Transactions.
8. Acquisition schedule
October 12, 2012
The acquisition of the properties was determined.
December 11, 2012
Execution of agreements for the acquisitions of Harumi Front andHigashi Nibancho Square (scheduled)
January 7, 2013
Closing of acquisitions of Harumi Front and Higashi Nibancho Square(scheduled)
9. Performance projection
As there was no impact on the Company’s management performance for the 22nd Period(April 1, 2012 through September 30, 2012) due to this property acquisition, the issuance of
new units and the secondary offering of units announced on October 12th, 2012, there is norevision of forecast results.
Please refer to the October 12, 2012, News Release, “Notice of Revision of Forecast Results
for the 23rd Period (March 31, 2013) and Forecast Results for the 24th Period (September 30,2013)” regarding the Company’s revision of forecast results for the 23rd Period (October 1,
2012 through March 31, 2013) and forecast results for the 24th Period (April 1, 2013 throughSeptember 30, 2013) under the premise of this acquisition and the issuance of new units andthe secondary offering of units announced on October 12th, 2012.
This notice is the English translation of the announcement in Japanese dated October 12, 2012
on our website. However, no assurance or warranties are given for the completeness or
accuracy of this English translation.

Disclaimer: This document is intended to serve as a press statement to make available the information on assets acquisition of Japan Real
Estate Investment Corporation (the “Company”), and does not constitute and should not be construed as an offer to sell orsolicitation of an offer to purchase any unit or other investment of the Company. Prospective investors are advised to read theCompany's prospectus for new unit issuance and secondary offering (and its amendments, if any) and make any investment
decisions at their own risk and responsibility.

Reference materials (attachments)• Outline of appraisal report• Information map• Photo: Outside view of properties• List of all the assets of the Company after the acquisition of these two assets(Reference) Outline of appraisal report【Harumi Front】
Appraisal value
Appraisal institution
Date of appraisal¥32,540,000 thousand
Chuo Real Estate Appraisal Co., Ltd.
September 1, 2012

Item
Capitalized value
Value in direct capitalization method
Net cash flow

Value/%¥32,540,000 thousand¥32,490,000 thousand¥1,624,626 thousand

Cap rate

5.0%

Value in DCF method¥32,540,000 thousand

Discount rate

4.6%

Terminal cap rate

5.3%

Integration value¥23,070,000 thousand

Percentage for land

45.1%

Percentage for building

54.9%* Values below a thousand yen are cut off.

【Higashi Nibancho Square】
Appraisal value¥11,560,000 thousand
Appraisal institution
Chuo Real Estate Appraisal Co., Ltd.
Date of appraisal
September 1, 2012
Item
Capitalized value
Value in direct capitalization method
Net cash flow
Cap rate
Value in DCF method

Value/%¥11,560,000 thousand¥9,629,000 thousand¥587,366 thousand
6.1%¥11,560,000 thousand

Discount rate

5.8%

Terminal cap rate

6.4%

Integration value¥9,973,000 thousand

Percentage for land

48.1%

Percentage for building

51.9%* Values below a thousand yen are cut off.

Disclaimer: This document is intended to serve as a press statement to make available the information on assets acquisition of Japan Real
Estate Investment Corporation (the “Company”), and does not constitute and should not be construed as an offer to sell orsolicitation of an offer to purchase any unit or other investment of the Company. Prospective investors are advised to read theCompany's prospectus for new unit issuance and secondary offering (and its amendments, if any) and make any investment
decisions at their own risk and responsibility.

(Reference) Information map【Harumi Front】

Tsukishima Sta.

【Higashi Nibancho Square】

Disclaimer: This document is intended to serve as a press statement to make available the information on assets acquisition of Japan Real
Estate Investment Corporation (the “Company”), and does not constitute and should not be construed as an offer to sell orsolicitation of an offer to purchase any unit or other investment of the Company. Prospective investors are advised to read theCompany's prospectus for new unit issuance and secondary offering (and its amendments, if any) and make any investment
decisions at their own risk and responsibility.

(Reference) Photo: Outside view of Harumi Front

Disclaimer: This document is intended to serve as a press statement to make available the information on assets acquisition of Japan Real
Estate Investment Corporation (the “Company”), and does not constitute and should not be construed as an offer to sell orsolicitation of an offer to purchase any unit or other investment of the Company. Prospective investors are advised to read theCompany's prospectus for new unit issuance and secondary offering (and its amendments, if any) and make any investment
decisions at their own risk and responsibility.

(Reference) Photo: Outside view of Higashi Nibancho Square

Disclaimer: This document is intended to serve as a press statement to make available the information on assets acquisition of Japan Real
Estate Investment Corporation (the “Company”), and does not constitute and should not be construed as an offer to sell orsolicitation of an offer to purchase any unit or other investment of the Company. Prospective investors are advised to read theCompany's prospectus for new unit issuance and secondary offering (and its amendments, if any) and make any investment
decisions at their own risk and responsibility.

List of all the assets of the Company after the acquisition of these two assets
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 BuildingTokyo
metropolitan
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 acquisitiondate

Acquisition
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

7,000,000

0.9%January 31, 2005
April 3, 2006
Total

10,200,000

Real property

August 1, 2003

7,200,000

0.9%

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, Tokyo

Real 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 7, 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,
Tokyo

Shiodome 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,
Tokyo

Percentage
by area

Real 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%

78.9%

Disclaimer: This document is intended to serve as a press statement to make available the information on assets acquisition of Japan Real
Estate Investment Corporation (the “Company”), and does not constitute and should not be construed as an offer to sell orsolicitation of an offer to purchase any unit or other investment of the Company. Prospective investors are advised to read theCompany's prospectus for new unit issuance and secondary offering (and its amendments, if any) and make any investment
decisions at their own risk and responsibility.

Area

Acquisition
price (Note 1)(thousand yen)

Percentage
of portfolio

Real property

November 30, 2001

34,600,000

4.4%

3,740,000

Real property

November 14, 2003
April 1, 2004
Total
February 28, 2005

8,500,000

1.1%

September 25, 2001

3,541,000

0.5%

September 25, 2001

1,728,000

0.2%

August 2, 2004

4,500,000

0.6%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

3,375,000

0.4%Real property

March 25, 2008

4,000,000

0.5%

670,126,866

85.7%

85.7%
0.9%

Location

Type of asset

Shibuya Cross Tower

Shibuya-ku,
TokyoEbisu Neonato
Harmony Tower

Shibuya-ku
TokyoNakano-ku
TokyoReal property
Trust beneficiaryright in trust ofreal estate
Trust beneficiaryright in trust ofreal estate

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

Saitama Urawa BuildingTokyo
metropolitan
area(excluding
23 wards)

Acquisition date orscheduled acquisition
date

Name

MM Park Building

Kawasaki Isago Building

Musahi Kosugi STM Building

Saitama City,
SaitamaPrefecture
Yokohama City,
Kanagawa
Prefecture
Kawasaki City,
Kanagawa
Prefecture
Kawasaki City,
Kanagawa
Prefecture

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%

4,100,000

2,379,112

0.7%

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

0.3%

2,574,000

Real property

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

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

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

Percentage
by area

250,000

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%

Disclaimer: This document is intended to serve as a press statement to make available the information on assets acquisition of Japan Real
Estate Investment Corporation (the “Company”), and does not constitute and should not be construed as an offer to sell orsolicitation of an offer to purchase any unit or other investment of the Company. Prospective investors are advised to read theCompany's prospectus for new unit issuance and secondary offering (and its amendments, if any) and make any investment
decisions at their own risk and responsibility.

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

Acquisition
price (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

781,913,866

100.0%

100.0%Area

Name

Location

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)

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

Percentage
of portfolio

Percentage
by area

1,320,000
1,450,000

0.4%

2,770,000

1.3%

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 (October
9, 2003), including the sales cost (¥614 million) of the part of the property that was transferred on October 30, 2009.

Disclaimer: This document is intended to serve as a press statement to make available the information on assets acquisition of Japan Real
Estate Investment Corporation (the “Company”), and does not constitute and should not be construed as an offer to sell orsolicitation of an offer to purchase any unit or other investment of the Company. Prospective investors are advised to read theCompany's prospectus for new unit issuance and secondary offering (and its amendments, if any) and make any investment
decisions at their own risk and responsibility.