Creating peace of mind through honest and committed management.

[Provisional Translation Only]
This English translation of the original Japanese document is provided solely for information purposes.
Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

December 9, 2014
REIT Issuer
Ichigo Real Estate Investment Corporation (8975)
1-1-1, Uchisaiwaicho, Chiyoda-ku, Tokyo
Representative: Yoshihiro Takatsuka, Executive Director
Asset Management Company
Ichigo Real Estate Investment Advisors Co., Ltd.
Representative: Wataru Orii, President & Representative Statutory Executive Officer
Inquiries: Minoru Ishihara, Executive Vice President & Statutory Executive Officer
Tel: 03-3502-4891

Update on Asset Acquisitions and Sales
Ichigo Real Estate Investment Corporation (“Ichigo REIT”) has appointed property
management (“PM”) and master lease (“ML”) companies for the following assets from theNovember 14, 2014 release “Asset Acquisitions and Sales.” The companies were selected basedon careful consideration of not only economic aspects such as fees, but also the full breadth oftheir capability and experience.
1. Summary
AssetPMMLEbisu Green GlassThe Dai-ichi Building Co., Ltd

N/A

Ichigo Omori Building

Best Property Corporation

N/AIchigo TakadanobabaBuilding

Best Property Corporation

Ichigo REIT

Ichigo Omiya Building

The Dai-ichi Building Co., Ltd

N/A

Ichigo Sagamihara Building

Best Property Corporation

Ichigo REIT

Ichigo Ofuna Building

The Dai-ichi Building Co., Ltd

N/A

Ichigo Sendai East Building

Marubeni Real EstateManagement Co., Ltd

N/A

Ichigo Kumamoto Building

Meiwa Real Estate Management

Ichigo REIT

Lions Square Kawaguchi

Daikyo Realdo Incorporated

N/AIchigo Shin-Yokohama
Arena-Dori Building

Space Trust Co., Ltd.

N/A

Ichigo Kamata Building

Space Trust Co., Ltd.

Ichigo REIT

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2. Profiles of the Property Management Companies
NameMarubeni Real Estate Management Co., Ltd.

Address

5-20-6 Shiba, Minato-ku, Tokyo

Representative

Tatsumichi Ishimura, Representative Director

CapitalRelationship with
Ichigo REIT or
Asset Management
Company

100 million yen (as of December 1, 2014)
1. Real estate lease, operation, management, consignment ofadministration, consignment of security services, etc.
2. Purchase and sales of real estate and related equipments, exchangeof equipments, lease, sales and lease mediation/agent service/consulting
3. Planning, supervision and contract work of building construction
projects
The PM does not have any capital, personnel, or business
relationship of note with Ichigo REIT or its asset managementcompany. In addition, the PM is not an interested party of Ichigo
REIT or its asset management company.

NameMeiwa Real Estate Management

Address

4-35 Karashimacho, Chuo-ku, Kumamoto City, Kumamoto

Representative

Yuichiro Kawaguchi, Representative Director

Capital40 million yen (as of December 4, 2014)
1. Management of lease assets
2. Real estate-related asset management consulting service

Principal Business

Principal Business
Relationship withIchigo REIT or
Asset ManagementCompany

The PM does not have any capital, personnel, or business
relationship of note with Ichigo REIT or its asset managementcompany. In addition, the PM is not an interested party of Ichigo
REIT or its asset management company.

NameDaikyo Realdo Incorporated

Address

ORIX Sendagaya Building, 4-19-18 Sendagaya, Shibuya-ku, Tokyo

Representative

Kazuhiko Kaise, President & Representative DirectorCapital

1,413 million yen (as of April 1, 2014)
1. Real estate sales, brokerage, lease, and management
2. Consignment of real estate management, lease, and sales
3. Real estate-related survey, research, and consulting service
The PM does not have any capital, personnel, or business
relationship of note with Ichigo REIT or its asset managementcompany. In addition, the PM is not an interested party of Ichigo
REIT or its asset management company.

Principal Business
Relationship withIchigo REIT orAsset Management
Company2

3. Future Outlook
There is no amendment to Ichigo REIT’s earnings and dividend forecast as announced in“Earnings and Dividend Forecast Revisions for the October 2014 and April 2015 Fiscal Periods”
on November 14, 2014.

Website of Ichigo REIT: www.ichigo-reit.co.jp/english

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