October 15, 2018
To All Concerned Parties
Issuer of Real Estate Investment Trust Securities:
Nippon Accommodations Fund Inc.
Takashi Ikeda, Executive Director(TSE Code: 3226)
Investment Trust Management Company:
Mitsui Fudosan Accommodations FundManagement Co., Ltd.
Tateyuki Ikura, President and CEO
Inquiries: Tetsuji Kawakami, CFO and Director(TEL: +81-3-3246-3677)(Revision) Partial Revision of “Notification Concerning Acquisition of Domestic Real EstateProperties (Park Cube Shin Itabashi and another property)”
This is a notification that Nippon Accommodations Fund Inc. (“NAF”) has partial revision to announce to the release“Notification Concerning Acquisition of Domestic Real Estate Properties (Park Cube Shin Itabashi and another property)”
released March 13, 2018. Details are as follows (The revised section is underlined).
1. Revised Section and Details of Revision(1) Page 1
2. Overview for acquisition (Note 4)[Before Revision](Note 4) “Appraised value” is based on the amount mentioned in the real estate appraisal report (date of value appraisal
on February 28, 2018) which Morii Appraisal & Investment Consulting, Inc. prepared for the properties to beacquired.
[After Revision](Note 4) “Appraised value” is based on the amount mentioned in the real estate appraisal report (date of value appraisal
on January 31, 2018) which Morii Appraisal & Investment Consulting, Inc. prepared for the properties to beacquired.
(2) Page 2
3. Description of the properties to be acquired[Before Revision]
3. Description of the properties to be acquired(1) Outline of the properties to be acquired(i) Property 1: Park Cube Shin Itabashi
Name of property to be acquired
Type of property to be acquired
Appraisal company
Appraised value (Note 1)
Date of value appraisal (Note 1)(ii) Property 2: Park Cube Nishi Shinjuku
Name of property to be acquired
Type of property to be acquired
Appraisal company
Appraised value (Note 1)
Date of value appraisal (Note 1)

Park Cube Shin Itabashi
Real estateMorii Appraisal & Investment Consulting, Inc.
¥1,740,000 thousand
February 28, 2018
(Omitted)
Park Cube Nishi Shinjuku
Real estateMorii Appraisal & Investment Consulting, Inc.
¥2,430,000 thousand
February 28, 2018
(Omitted)[After Revision]
3. Description of the properties to be acquired(1) Outline of the properties to be acquired

1(i) Property 1: Park Cube Shin Itabashi
Name of property to be acquired
Type of property to be acquired
Appraisal company
Appraised value (Note 1)
Date of value appraisal (Note 1)(ii) Property 2: Park Cube Nishi Shinjuku
Name of property to be acquired
Type of property to be acquired
Appraisal company
Appraised value (Note 1)
Date of value appraisal (Note 1)(3) Page 6
10. Summary of appraisal report[Before Revision]
10. Summary of appraisal report
Property 1: Park Cube Shin Itabashi
Appraised value
Appraisal company
Date of value appraisal
Property 2: Park Cube Nishi Shinjuku
Appraised value
Appraisal company
Date of value appraisal[After Revision]
10. Summary of appraisal report
Property 1: Park Cube Shin Itabashi
Appraised value
Appraisal company
Date of value appraisal

Property 2: Park Cube Nishi Shinjuku
Appraised value
Appraisal company
Date of value appraisal

Park Cube Shin Itabashi
Real estateMorii Appraisal & Investment Consulting, Inc.
¥1,740,000 thousand
January 31, 2018
(Omitted)
Park Cube Nishi Shinjuku
Real estateMorii Appraisal & Investment Consulting, Inc.
¥2,430,000 thousand
January 31, 2018
(Omitted)¥1,740,000 thousand
Morii Appraisal & Investment Consulting, Inc.
February 28, 2018
(Omitted)¥2,430,000 thousand
Morii Appraisal & Investment Consulting, Inc.
February 28, 2018
(Omitted)¥1,740,000 thousand
Morii Appraisal & Investment Consulting, Inc.
January 31, 2018
(Omitted)¥2,430,000 thousand
Morii Appraisal & Investment Consulting, Inc.
January 31, 2018
(Omitted)

Japanese original document was distributed to press clubs within the Tokyo Stock Exchange (Kabuto Club)and the press club of the Ministry of Land, Infrastructure, Transport and Tourism and to the press club forconstruction publications of the Ministry of Land, Infrastructure, Transport and Tourism.
NAF website: https://www.naf-r.jp/english/

Please note that this English translation of the Japanese original document is provided solely for information purposes.
In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shallprevail.

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