Transla t Only 14, 2015 - Hulic Reit Inc...yo, Japan or, President eneral Mana artment rty Management erred to as (stratified ow fined in Arti mended; her Investment T ter referred

To All Co

Hulic Rewith the announceproperty The selleInvestmethe “ActCorporatOrdinancRegulatiobased onHulic Restipulated 1. Ove

(1)(2)(3)(4)(5)(6)(7)(8)(9)

Notes(1)

(2)

(3)

(4)

Translat

oncerned Parti

eit Managememanagemen

es that it has (hereinafter

r of the Anticent Trust and t”) and Artiction Act (Cabce”)) of Hulions on Trans

n the approvaeit Managemd in the Regu

erview of the) Category ) Property Na) Location ) Anticipated ) Date of Purc) Anticipated ) Seller ) Acquisition ) Settlement M:

“Anticipatedacquisition. “Anticipatedagreement. “Seller”: HulInvestment CEnforcementamended; heaccording to For details, r

tion Purpose

ies

No

ent Co., Ltd. t of the assetoday made referred to as

cipated PropeInvestment C

cle 123 of tbinet Order Nic Reit Manasactions withl at a meeting

ment’s internaulations on Tr

e acquisition

ame

Acquisition Pchase and SaleAcquisition D

Funds Method

d Acquisition Pr

d Acquisition D

lic Co., Ltd. is anCorporation (Actt Ordinance on tereinafter referre

Hulic Reit Manrefer to “Notice

Only

Name Hulic R2-26-9Eiji To(TSE CContacAsset MHulic REiji ToKazukPlanniTel: +8

otice concernin

(hereinafter rets of Hulic Rthe decision s the “Anticip

erty is an InteCorporation (the Enforcem

No. 480 of 20gement, and

h Interested Pg of Hulic Re

al policies, anransactions w

Price e Agreement

Date (Note 2)

ice” does not in

Date” is the an

n Interested Pert No. 198 of 195the Investment Ted to as the “Enfnagement’s Reguconcerning the

1

of REIT IssueReit, Inc.

9 Hatchobori, okita, ExecutivCode: 3295) ct: Management Reit Managem

okita, Represekai Chokki, ing and Admin81-3-6222-72

ing the Acquis

referred to asReit, Inc. (hto acquire th

pated Propert

erested Perso(Act No. 198ment Ordinan000, as amend

is a related Parties. Hulieit’s board ofnd further, hwith Intereste

: Tokyo C: Gate City: Shinagaw: 4,370 mi: April 14,: April 16,: Hulic Co: Borrowin: Full paym

nclude consumpt

nticipated date

rson, etc. (as de51, as amended; Trust and Investforcement Ordinulations on TranBorrowing of F

er

Chuo-ku, Tokve Officer

Company ment Co., Ltd.entative Direct

Director, Gnistration Dep50

sition of Prope

s “Hulic Reit ereinafter ref

he following ty”).

on, etc. (as de of 1951, as ance on the ded; hereinaftperson accor

ic Co., Ltd. hf directors, w

has carried oued Persons.

ommercial Pry Ohsaki wa-ku, Tokyoillion yen (Note

, 2015 , 2015 ., Ltd. (Note 3)

ngs (Note 4) and cment upon del

tion or local tax

of acquisition

efined in Articlehereinafter refe

tment Corporationance”)) of Hulinsactions with Inunds” announce

kyo, Japan

. tor, President

General Manapartment

erty

Managementferred to as (stratified ow

efined in Artiamended; herInvestment Tter referred tording to Hulihas acquired

which is requiut the decisio

operty (office

1)

cash on hand livery

xes or the costs a

stated in the re

e 201 of the Acerred to as the “Aon Act (Cabinetc Reit Managem

nterested Partiesed today.

April

and CEO ager of Co

nt”), which is “Hulic Reit”

wnership inte

ticle 201 of threinafter refeTrust and Ino as the “Enfic Reit Mana

d Hulic Reit’ired under thon-making pr

e property)

and expenses re

relevant purchas

ct on InvestmenAct”) and Articlt Order No. 480

ment, and is a rels.

14, 2015

rporate

entrusted ”), hereby erest, etc.)

he Act on erred to as nvestment forcement agement’s s consent e Act and rocedures

elated to the

se and sale

nt Trust and e 123 of the of 2000, as

lated person

2. Reas

In accordimprove factors.

(1) Char

The AntiIts locatioSaikyo, S

The suplrelativelystation isMorevoerexpected district.

(2) Char

The AnticType 1 ucentered West Towcultural f

The officfloor of 8ample cothus remawhere lar

son for acqu

dance with ththe portfolio

racteristics of

icipated Propeon is particula

Shonan-Shinju

ly of office sy late compares becoming ir, the area suto be further

racteristics of

cipated Propeurban redevelo

around the buwer and the Efacilities) and

es are of relat859 to 1,236 tommon use arains highly corge office buil

uisition

he basic polico. Hulic Reit

f the location

erty is directlyarly convenienuku lines and t

space in the ed to other maincreasingly urrounding Or developed g

f the property

erty is a large-opment projecusiness/commEast Tower, aa residential t

tively high-sptsubo, ceiling ea, including

ompetitive, dedings are con

cies of HulicManagemen

n

y connected tont for transpothe Rinkai line

Osaki area beajor business concentrated

Osaki station igoing forward

y

-scale complexct. It is a rede

mercial buildinand a low-risower with 20

ec with regardheight of 2,6the 495-seate

espite being ovcentrated, Gat

2

c Reit, the punt assessed th

to the Shin-Hiortation withine.

ecame fully dareas in Tokywith large o

is in close pd. Thus, it

x built in 199eveloped facings with 24 sse portion witstories above

d to functiona650mm and Oed “Gate City ver 15 years ote City Ohsak

urpose to acqhe Anticipate

igashi Exit ofn the Osaki ar

developed froyo, but in receoffice buildinroximity to Sis an area w

99 as part of thlity replete wtories above th commercia

e ground (the “

ality, namely, eOA floor area

Hall” and a fold. Among

ki is a landmar

uire the Antid Property b

f Osaki stationrea, with acce

om around thent years, the angs due to reShinagawa staith growing p

he Osaki Statiwith a variety

ground (2 offal facilities (““South Park T

exclusively owof 100mm, anfive-story tall the areas sur

rk due to its sc

icipated Propased on the

n by a pedestess to the JR Y

he late 1990s,area surroundedevelopmenttation, a statiopotential as a

ion No. 2 Wesof urban func

fice towers, n“Gate City PlTower”).

wned area on nd the high qatrium. The

rrounding Osacale and sense

perty is to following

trian deck. Yamanote,

, which is ding Osaki t projects. on that is a business

st District, ctions and

namely the laza”) and

a standard quality and e complex aki Station e of grade.

3. OverSpecifiedAnticipaTrustee Date TruExpiratioNearest SAddress

Land

Building

Collatera

PM comp

Master le

Appraisa(as of) AppraisaPML valLease su Total Occu Main Total Total LeasSpecial r

(1) The AWest reside

(2) The d300%Statio

(3) The sunder

(4) The l(42,4

(5) The bfloor (the tfor thowneentire

(6) The a

rview of the d assets categorated Acquisitio

ust Initiated on date of trust Station (domicile)

Lot numBuildingFloor-arZoning Site areaType of

g

Comple

Constru

Number

Use

Total flo

Numberspaces Type of

al

pany

ease company

al value

al company lue ummary l leasable area upancy rate n tenant l number of tenl lease income (e and guarantee

remarks Anticipated ProTower and sho

ential tower. designated floor

% for the portionon No. 2 West Dsite area includer the Gate City land ownership 76.01m2) (appr

building to be aof the West Tow

total portion of he residential toership ratio for te complex. appraisal value

Anticipatedry on Price

period

mber g-to-land ratio rea ratio

a f ownership

eted

uction

r of floors

oor space

r of parking

f ownership

nants (annualized) e deposits

perty consists oops of the comm

r area ratios forn over 30m, froDistrict, Type 1 es 33.30m2 of LOhsaki Block Mratio is equival

rox. 2.11%). acquired is: apprwer of the Antioffices and sho

ower of the Antithe business/co

indicates the am

Property (NTrust bene4,370 millSumitomoApril 16, 2April 16, 2Osaki Stat11-1 and o500-1 and 60% 660% (NoQuasi-indu42,509.31Co-owners(Business/(Residenti(Business/reinforced(Residenti(Business/(ResidentiOffice, ret(Business/(Residenti(Business/(ResidentiCo-ownersNone (Business/(Residenti(Business/(Residenti4,500 mill(March 1, Japan Rea1.97% (No

3,835.78m100.0% (N

UndiscloseUndiscloseUndiscloseUndiscloseNone

of co-ownershipmercial low-rise

r the land underom the Yamate-D

urban redeveloLot No. 500-2 (tManagement Relent to the ratio

rox. 83.0% co-oicipated Propertops accounts foricipated Propertmmercial build

mount that is eq

3

Note 1) eficiary interestlion yen o Mitsui Trust B2015 2025 tion on the JR Lother lots, Ohsad 500-2, Ohsaki

ote 2) ustrial Districtm2 (Note 3)

ship of land (N/Commercial Tial Tower) Dece/Commercial T

d concrete ial Tower) Stee/Commercial Tial Tower) B2/2tail, residence/Commercial Tial Tower) 18,1/Commercial Tial Tower) Horiship of stratifie

/Commercial Tial Tower) Mits/Commercial Tial Tower) Mitslion yen (Note 62015)

al Estate Institutote 7)

m2 (Note 8) Note 9)

ed (Note 10)ed (Note 10)ed (Note 10)ed (Note 10)

p of stratified oe portion (B1 to

r normal conditiDori street, but opment project the site deemed

Regulations). of the right of

ownership of stty and approx. 2r approx. 2.4% rty (equivalent tdings together w

quivalent to the

s

Bank, Limited

Line (1-minute waki 1-chome, Sh

1-chome, Shin

ote 4) ower) January ember 1998 Tower) Steel

l reinforced conower) B4/24F

20F

ower) 287,349.41.79m2

ower) Horizontizontal 5; Meched ownership in

ower) Mitsui Fusui Fudosan Hoower) Mitsui Fu

sui Fudosan Ho6)

te

wnership intere3F) and stratifi

ions are: 400% as the Anticipa(District A), the

d as one housing

site in the co-ow

tratified owners2.4% co-ownerof the entire co

to approx. 0.1%with the residen

ownership inte

walk) hinagawa-ku, Toagawa-ku, Toky

1999

structure, rein

ncrete, reinforce

75m2

tal 295; Mechanhanical 153 terest (Note 5)

udosan Co., Ltdusing Lease Coudosan Co., Ltdusing Lease Co

est for the officeied ownership i

for the portion ated Property fae floor area ratig estate togethe

wnership of Lo

ship interest forrship of floors complex); and str

% of the entire ctial tower will b

erest in the Anti

okyo kyo

nforced concr

ed concrete

nical 370

d. o., Ltd. d. o., Ltd.

es on the 8th flointerest for 6 un

n within 30m or alls under the Oio is 660%. er with Lot No.

ot No. 500-1

r the offices on commonly usedratified ownersh

complex). Thube approx. 2.5%

icipated Propert

ete, steel

oor of the nits in the

less, and Osaki

500-1

the 8th d by shops hip interest us, the % of the

ty.

(7) The f(8) The t

Prope(9) The t

respefollow(BusiThe pportiogener(ResiThe pHulicend-t

(10) Informend te

(11) The lconstsomemetalhave and phealth

figure is based ototal leasable arerty. tenants of the prectively. The mws: iness/Commercportion of the buon, and Hulic Rrated from theidential Tower) portion of the rec Reit will recetenants. mation is not dienants and the mland was previotruction of the Be soils exceededls pertaining to been appropria

planting soil, weh hazard to peo

on the earthquarea indicates the

roperty are one master lease com

cial Buildings) usiness/comme

Reit will receiv entire joint m

esidential towereive an amoun

isclosed as we hmaster lease co

ously used as a fBuilding for thed the applicable

acquisition of pately transportede have confirme

ople as long as t

ake PML appraie leasable area w

master lease companies sublea

ercial buildings ve an amount i

management po

r to be acquirednt equivalent to

have not receivmpany. factory, etc., ane purpose of rem

standards, suchpublic lands (Tod to an off-site ded with Engineehe current oper

4

isal report by Sowhich is equiva

ompany for busase the Property

to be acquired in proportion trtion.

d by Hulic Reito 90% of rents

ved consent for

nd the land survmoval of surpluh as “the standaokyo Metropolidisposal field. ering and Risk ration/managem

ompo Japan Nipalent to the own

siness/commercy to sublessees.

by Hulic Reit to its rights in

t is subleased b and common

disclosure from

vey was conductus soil as a resulards for the procitan Governmen As the Land iServices Corpo

ment and use co

pponkoa Risk Mnership interest

cial buildings an The overview

is a part of therents and comm

by the master larea charges c

m the parties con

ted prior to the lt of the construcessing of contant Bureau of Ens covered by bu

oration that it isntinue.

Management Inin the Anticipa

nd residential tow of their opera

e joint managemmmon area char

lease companycollected from

ncerned, includ

commencemenuction work. Aaminated soil bnvironment),” suildings, asphals unlikely to cau

nc. ated

ower, ations is as

ment rges

y, and the

ding the

nt of the Although by heavy such soils lt/tiling use any

4. OverTrade NLocationName anRepresenPrimaryPaid-in Date of F

Net Asse

Total Ass

Relations

Ca

PeRe

TraRe

WhSelper

5. StatuProperty name/namacquisitio

Proper(Lo

Gate City O(11-1 and oOhsaki 1-cShinagawa

6. Over

N/A

7. Acqu

Ac

rview of the Name n

nd title of ntative y Business LinCapital

Foundation

ets

sets

ship between H

apital Relation

rsonnel elationship

ansactional elationship

hether or not thller is a related rson.

us of the propacquisition fr

me, (ii) the relon are indicaterty Name cation)

Ohsaki other lots, chome, a-ku, Tokyo)

rview of inter

uisition sche

cquisition Dec

Date

April 14, 201

Seller Hulic 7-3, N

Sabur

nes Ownin

22,29

March

192,4

744,6Hulic Reit or Hu

nship As of Reit. an int

As of

The seregardReit Magreem

he The seseller

perty acquirerom a person lationship withed.

Previo

AcquAcqu

(i)Hulic Co., (ii)Parent com(iii)Acquisitio

Omitted becm

rmediary

edule

ision

15

Co., Ltd. Nihonbashioden

ro Nishiura, Pre

ng, lease, sale a

0 million yen (a

h 26, 1957

35 million yen

05 million yen ulic Reit Manag

f February 28, 2 The seller is terested person u

f today, certain e

eller has entereding the trusteeManagement hament.

eller is a relatedis also an intere

er that has spec

h the person t

ous owner/Trus

(i), (ii), (iuisition (assignuisition (assign

Ltd. mpany of Hulicon for investme

cause the propermore than one (

April 200

September 2

Execution Da

Purchase and

Agreemen

April 14, 20

5

nmacho, Chuo-k

esident and Chie

and brokerage o

as of December

(as of Decemb

(as of Decembgement and the

2014, the sellerthe parent compunder the Act.

employees of H

ed into master les with respect t

ave entered into

d person of Hulrested person of

cial interests ithat has specia

st beneficiary

iii) nment) Price nment) Time

c Reit Management

rty has been ow(1) year

02

2005

ate of

d Sale

nt

A

015

ku, Tokyo

ef Executive Of

of real propertie

r 31, 2014)

er 31, 2014)

er 31, 2014) seller

holds 12% of thpany of Hulic R

Hulic Reit Mana

ease and properto the assets helo a sponsor supp

lic Reit/Hulic Rf Hulic Reit Ma

is as follows. al interests, an

Seco

ment

Thos

wned

Anticipated Paym

April 16, 2

fficer

es

he outstanding iReit Managemen

agement are sec

rty managementld by Hulic Reitport agreement

Reit Managemenanagement, as st

In the table bnd (iii) the bac

ond preceding o

(i), Acquisition (aAcquisition (a

se other than a pint

ment Date

2015

investment unitnt (100% contr

conded from the

nt agreements wt. Hulic Reit aand trademark

nt. As describtipulated in the

below, (i) theckground/reas

owner/Trust ben

(ii), (iii) assignment) Priassignment) Tim

person that hasterests

－

－

Anticipated A

Dat

April 16

ts of Hulic ibution) and

e seller.

with Hulic Reit and Hulic license

bed above, the Act.

e company son for the

neficiary

ce me

special

Acquisition

te

, 2015

8. FutuThe impa

fiscal pe

February

Financia

forecasts

ure outlook act of the acq

riod ending A

y 29, 2016 (S

l Report for t

s of the financ

quisition of t

August 31, 2

eptember 1, 2

the Fiscal Pe

cial results.

the Anticipat

2015 (March

2015 to Febr

eriod Ending

6

ted Property

1, 2015 to A

ruary 29, 201

February 28,

on the outloo

August 31, 20

6) will be mi

, 2015, which

ok for the fin

015) and the

inor. Please

h is announce

nancial result

e fiscal period

e see the Sum

ed as of toda

ts for the

d ending

mmary of

y for the

AAD

Am

A

9. SumAppraisal valuAppraiser Date of valuat

Appraisal vamethod

Appraisal capitalizati (1) Oper

Effect

Losse

(2) Oper

Maintfee/PM

Utility

Repai

Tenanexpen

Taxes

Insura

Other

Net op(1)-(2))

(4) depos

(5) Ca

Net cash Cap rateAppraisal vmethod

Disco

Termi

Appraisal valuRatio of lanRatio of bu

Other matters co

mmary of Appue

tion

Item alue based

value basedon method rating revenue

tive gross inco

es from vacanc

rating expense

tenance and mM fee(3)

y expenses

ir expenses

nt recruitmentnses, etc. s and public du

ance premium

r expenses

perating inco

Profit fromsits apital expend

h flow ((3)+(4e value based on

ount rate

inal cap rate

ue based on cond uilding

onsidered by app

va

praisal Repo

on income

d on direct

e

ome

cy, etc.

es

management

t/solicitation

ues

m

ome (NOI:

m security

ditures

4)-(5))

n DCF

ost method

raiser in determin

alue

ort

Breakdown

4,5

4,52

332

12

2

1

13.9

4,4

3.5

4.0

4.4477.122.9

nation of appraisa

7

n

00Estimatecapitaliz

20

1525 Estimate

long-term10 Estimate

long-term24

66Estimateexpensessimilar r

19 Estimate

6Estimatelong-termengineer

2 Estimate

28 Estimate

1Estimatereal prop

1 Estimateassociati

91

0There is

14Estimatelevel, agrepair wo

779%

80

5%Estimatethe real real prop

0%

Estimateinvestmetarget, gand prop

401%9%

al

4,500 mJapan Real E

March

ed by combination method

ed based onm rent leveled based on m occupancy r

ed based on evs payable to theal property, e

ed based on eved based onm repair planring reports an

ed based on ev

ed based on thed based on rperty, etc. ed with parkion as other ex

no refundable

ed by taking ge, long-term orks in engine

ed by comprehproperty by r

perty transactied by compreent yields, rigeneral predicperty price, tre

million yen Estate Instituth 1, 2015

Remarksing the appraand the DCF

evaluation of

evaluation ofrate level

valuation by rehe managemeetc. valuation of pan evaluation, average ann

nd other factor

valuation of as

e standard taxreference to th

king fees payxpenses

e deposit unde

into considerepair plan a

eering reports

hensively conreference to ions, etc. ehensively cosks of the retion of econo

end of rents, et

None

te

(m

ks aisal values unmethod

f expected st

f expected st

reference to thent association

ast results n consideringnual cost of rrs of similar re

ssumed tenant

xable value fothe premium

ayable to the

er the lease ag

eration capitaand average of similar rea

nsidering the iinvestment yi

onsidering fueal property omic growth tc.

millions of yen)

nder the direc

able mid- an

able mid- an

he managemenn, cost level o

g cost leveepair works ieal property

t turnover rate

r 2014, etc.rate of simila

e managemen

greement.

al expenditurannual cost o

al property

ndividuality oelds of simila

uture trends oas investmengoing forwar

)

ct

nd

nd

nt of

el, in

e

ar

nt

2

re of

of ar

of nt rd

Notes: (1) Incom

Hulic(2) Each (3) The m

maintrespeHulic

10． O

Engineer

Notes: (1) “Cos

withi(2) “Cos

appe

This presInfrastruc* Address

me and expendic Reit or Hulic Ramount is roun

maintenance antenance and ma

ect to building mc Reit and could

Overview of B

Inspection c

ring and Risk Se

st of urgent/shoin one year as sst of long-termearing on the Bu

ss release distcture, Transpos of the websi

iture shown in tReit Managemended to the nearnd management anagement fee amanagement and harm unithold

Building Insp

ompany

ervices Corpora

ort-term repairs”shown on the B

m repairs” contuilding Inspecti

tributed to: ort and Tourismite of Hulic Re

the above table ent. rest JPY 1 millifee and PM fee

and PM fee amod PM services,

der interests.

pection Repo

Insperfo

ation March

” contains the cuilding Inspectains the averagion Report as up

The Tokyo Sm (MLIT) Preeit: http://ww

8

are based on th

ion. e stated above aount levels maywhich could po

ort

spection formed on

h 31, 2015

cost of updatingtion Report. ge annual amopdating and rep

Stock Exchaness Club and Mww.hulic-reit.

he appraisal rep

are combined, by affect the otheose an obstacle

Cost ourgent/shor

repair(millions o

(1)

g and repair wo

ount rounded tpair work foreca

ge Press ClubMLIT Press C.co.jp/

ort, and not bas

because individuer transactions oto efficient per

of rt-term rs of yen)

C

0

orks and urgent

o the nearest mast over the nex

b (Kabuto Cllub for Constr

sed on any proj

dual disclosure oof each contracrformance of se

Cost of long-term(millions of

(2)

repairs general

million yen foxt 12-year perio

lub), Ministryruction Public

ections by

of the ctor with ervices by

m repairsf yen)

21

lly required

or the costs od.

y of Land, cations

Attachme

Reference

Reference

Reference

ents

e Attachment

e Attachment

e Attachment

1 Map

2 Photo of t

3 Portfolio

the Anticipate

List after Acq

9

ed Property

quiring the Annticipated Propperty

Attachm

Refere

ments

nce Attachmeent 1 Map

10

Refere

nce Attachmeent 2 Photo o

of the Anticipa

11

ated Property

Refere

Catego

Tokyo Com

mercial P

roperties

pp

pp

Next G

eneration Assets

gC

e

nce Attachme

ory

Office properties

Hulic Kam

Hulic Ku

Toranomo

Rapiros R

Hulic Tak

Hulic Kan

Hulic Kan

Hulic Kak

Ochanom

Hulic Hig

Sasazuka

Tokyo Ni

Gate City

Retail properties

Oimachi

Oimachi

Dining Sq

Hulic Jing

Hulic Shi

Yokoham

Tokyo Comm

Private nursing hom

es

Aria Mats

Trust Gar

Trust Gar

Trust Gar

ork Ikebukuro

ent 3 Portfol

Property

miyacho Buildin

udan Building (L

on First Garden

Roppongi

kadanobaba Buil

nda Building

ndabashi Buildin

kigaracho Build

mizu Sola City

gashi Ueno 1-ch

a South Building

ishi Ikebukuro B

y Ohsaki

Subtotal

Redevelopment

Redevelopment

quare Akihabara

gumae Building

injuku 3-chome

ma Yamashitacho

Subtotal

mercial Propertie

subara

rden Yoganomor

rden Sakurashim

rden Suginami M

Subtotal

o Network Cent

io List after A

ng

Land)

lding

ng

ding

ome Building

Building

Building (#2)

Building (#1)

a Building

Building

o Building

es Subtotal

ri

machi

Miyamae

er

12

Acquiring the A

Location

Minato Ward, Tokyo

Chiyoda WardTokyo

Minato Ward, Tokyo

Minato Ward, Tokyo

Toshima WardTokyo

Chiyoda WardTokyo

Chiyoda WardTokyo

Chuo Ward, Tokyo

Chiyoda WardTokyo

Taito Ward, Tokyo

Shibuya WardTokyo

Toshima WardTokyo

Shinagawa Ward, Tokyo

-

Shinagawa Ward, Tokyo

Shinagawa Ward, Tokyo

Chiyoda WardTokyo

Shibuya WardTokyo

Shinjuku WardTokyo Yokohama City, Kanagawa

-

-

Setagaya WardTokyo

Setagaya WardTokyo

Setagaya WardTokyo

Suginami Ward, Tokyo

-

Toshima WardTokyo

Anticipated Pr(AnticipateAcquisitio

Price (millyen) (Note

20,100 (Not

d, 11,

8,623 (Not

5,160 (Not

d, 3,

d, 3,

d, 2,

2,

d, 22,854 (Not

2,

, 2,100 (Not

d, 1,580 (Not

4,370 (No

90,

9,

6,(Not

d, 3,

, 2,

d, 5,

4,

31,

122,

d, 3,

d, 5,

d, 2,

2,

14,

d, 4,

roperty ed) on ion

e 1)

InvestmRatio (%(Note 2

te 4) 12

,100 7

te 4) 5

te 4) 3

,900 2

,780 2

,500 1

,210 1

te 4) 14

,670 1

te 4) 1

te 4) 1

te4) 2

,947 58

,456 6

,166te 4)

3

,200 2

,660 1

,550 3

,850 3

,882 20

,829 78

,244 2

,390 3

,850 1

,760 1

,244 9

,570 2

ment %) 2)

(AntiAcquis

(N

2.9% Februa

7.1% Februa

5.5% Februa

3.3% Februa

2.5% Februa

2.4% Februa

.6% Februa

.4% Februa

4.8% Novemb

.7% Octobe

.3% March

.0% March

2.8% April

8.2%

6.1% Februa

3.9% Februa

2.0% Februa

.7% Februa

3.6% Octobe

3.1% Octobe

0.4%

8.6%

2.1% Februa

3.5% Februa

.8% Februa

.8% Februa

9.1%

2.9% Februa

icipated) sition Date

Note 3)

ary 7, 2014

ary 7, 2014

ary 7, 2014

ary 7, 2014

ary 7, 2014

ary 7, 2014

ary 7, 2014

ary 7, 2014

ber 7, 2014

er 16, 2014

h 9, 2015

h 31, 2015

16, 2015

-

ary 7, 2014

ary 7, 2014

ary 7, 2014

ary 7, 2014

er 16, 2014

er 16, 2014

-

-

ary 7, 2014

ary 7, 2014

ary 7, 2014

ary 7, 2014

-

ary 7, 2014

Notes: (1) “(A

agreincl

(2) “Inveachseco

(3) “(A(4) Figu

in th

Tabata Ne

Hiroshim

Atsuta Ne

Nagano N

Chiba Ne

Sapporo N

Keihanna

Next Gener

Anticipated) Aeement for eaclude consumpvestment Ratih of the Antiond decimal p

Anticipated) Acure based on the relevant pr

etwork Center

ma Network Cent

etwork Center

Network Center

etwork Center

Network Center

a Network Cente

Subtotal

ration Properties

Total

Acquisition Prch of the proption or local t

io” contains thicipated Propplace. cquisition Datthe ratio of strroperty.

ter

er

Subtotal

rice” lists theperties, roundeaxes or the co

he percentage erties compar

te” contains thratified owner

13

Kita Ward, Tokyo Hiroshima City, Hiroshima Prefecture Nagoya City, Aichi Prefecture Nagano City, Nagano Prefecture

Inzai, Chiba

Sapporo, Hokkaido

Kizugawa, Kyoto

-

-

-

e acquisitioned to the neareosts and expen

of the (anticipred to the tot

he acquisitionrship interest o

1,

1,

1,

7,

2,

1,

19,

33,

156,

price listed est one millionses related topated) acquisital (anticipate

n date stated inor trust co-ow

,355 0

,080 0

,015 0

305 0

,060 4

,510

,250 0

,145 12

,389 2

,218 100

in the relevn yen. The acthe acquisitio

ition price of eed) acquisition

n the purchasewnership intere

0.9% Februa

0.7% Februa

0.6% Februa

0.2% Februa

4.5% Decemb

1.6% Decemb

0.8% Octobe

2.3%

1.4%

0.0%

vant purchasecquisition pricon. each acquiredn price round

e and sale agreest owned by H

ary 7, 2014

ary 7, 2014

ary 7, 2014

ary 7, 2014

ber 16, 2014

ber 16, 2014

er 16, 2014

-

-

-

and sale e does not

d asset and ded to the

eement. Hulic Reit