August 5, 2016
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 Approval of Listing of Investment Units on the Real Estate Investment
Trust Securities Market of the Tokyo Stock Exchange
Sakura Sogo REIT Investment Corporation (hereinafter the “Investment Corporation”) announces that it
today obtained approval from the Tokyo Stock Exchange, Inc. (“TSE”) to list the Investment
Corporation’s investment units on the TSE Real Estate Investment Trust Securities Market.
The Investment Corporation was established on April 1, 2016 in accordance with the Act on Investment
Trusts and Investment Corporations (Act No. 198 of 1951 including any subsequent revisions thereto;
hereinafter the “Investment Trust Act”). The assets thereof are managed by Sakura Real Estate Funds
Management, Inc. as an asset management company under the Investment Trust Act according to theasset investment targets and policies provided for in the Investment Trust Act and the Articles of theInvestment Corporation.
The Investment Corporation is a diversified REIT (Note 1) which aims to secure a stable income overthe medium to long term and maximize unitholder value (Note 2) by building a portfolio which theInvestment Corporation believes to be optimal in light of the real estate investment environment andsimultaneously pursuing both cash-flow growth and stability.
The Investment Corporation believes that the real estate investment environment is continually changing
in response to shifts in general economic and demographic trends and the financial environment andintend to make flexible investments in terms of asset type and location, and to conduct proactivemanagement (Note 3) aimed at maximizing cash flow in light of the then-current real estate investment
environment, economic climate, status of the portfolio, etc.
The Investment Corporation is proud to have as its Sponsor Groups, Galileo Group (Note 4) an
independent Australian real estate and fund management group with a proven track record in various
real estate investment and development across Australia, Japan and the United States, and NipponKanzai Group (Note 5) headed by Nippon Kanzai Co., Ltd. which is a building management andoperation company boasting one of the longest standing histories and track records in Japan. Galileo
Group has been involved in investments in various types of real estate including office buildings, retailfacilities and residential housing in Australia, Japan and the United States since its establishment in2003 and Nippon Kanzai Group is entrusted with the management and operation of various buildings
Disclaimer:This press release has been prepared for the purpose of publicly announcing the approval of the listing of the Investment
Corporation's investment units and is not intended for the solicitation of investment. When making investments, prospective
investors should view the Prospectus for the Issue of New Investment Units and Offering of Investment Units prepared by theInvestment Corporation including revised sections and make investments based on their own judgment.

1including office buildings, condominiums and retail facilities in major cities throughout Japan. Galileo
Group and Nippon Kanzai Group have shared a track record over approximately 10 years in themanagement and operation of real estate located in Japan, which includes real estate trust beneficiaryinterests that the Investment Corporation is scheduled to acquire as its initial portfolio, and haveestablished a strong relationship as business partners. The Investment Corporation believes that acontinuous tie-up between the sponsors in operating the Investment Corporation will enable theCorporation to enjoy synergy in various aspects. In addition, the Investment Corporation aims to securea stable income and maximize unitholder value by leveraging Galileo Group's extensive experience inreal estate investment and real estate management as well as Nippon Kanzai Group's extensive knowhow in real estate management and pursuing both cash flow growth and stability.
(Note 1) A “diversified REIT” is a real estate investment corporation which invests in facilities ofnumerous purposes of use including office buildings, retail facilities and residential housing.
(Note 2) The “maximization of unitholder value” in the thinking of the Investment Corporation is theachievement of a stable distribution yield suitable for long-term investment, placing highest
priority on the interests of the unitholders (as opposed to sponsors or other third parties).
(Note 3) “Proactive management” refers to preventative and proactive management approach to thehandling of future anticipated problems, etc.
(Note 4) “Galileo Group” refers to an Australia-based corporate group engaged in real estatedevelopment and fund management, centered around Galileo Sydney Holdings Pty Limited.
(Note 5) “Nippon Kanzai Group” refers to a corporate group centered around Nippon Kanzai Co., Ltd.
(listed on the first section of TSE)

This material is to be distributed to the Kabuto Club, the Ministry of Land, Infrastructure, Transportand Tourism Press Club, and the Ministry of Land, Infrastructure, Transport and Tourism Press Clubfor Construction Purposes.

Disclaimer:This press release has been prepared for the purpose of publicly announcing the approval of the listing of the Investment
Corporation's investment units and is not intended for the solicitation of investment. When making investments, prospective
investors should view the Prospectus for the Issue of New Investment Units and Offering of Investment Units prepared by theInvestment Corporation including revised sections and make investments based on their own judgment.

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