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Investor Presentaiton

Portfolio List Feb. 2022 Aug. 2022 Comparison b/w Feb.2022 and Aug.2022 Area Use Property name Acquisition price Book value Appraisal value Cap rate Gain or Loss Book value Appraisal value Cap rate Gain or Loss Appraisal value Cap rate (million yen) (million yen) (million yen) (%) Rs-T-129 Tokyo Rs-T-130 Tokyo Rs-T-131 Tokyo Rs-T-132 Tokyo Rs-T-133 Tokyo Residential PROUD FLAT Shibuya Tomigaya Residential PROUD FLAT Miyazakidai Residential PROUD FLAT Asakusabashi III 3,960 4,023 4,800 3.7 (million yen) 776 (million yen) (million yen) (%) 4,010 4,930 3.6 (million yen) 919 (million yen) change (%) change (%) 130 2.7 -0.1 1,390 1,438 1,580 4.2 141 1,430 1,620 4.1 189 40 2.5 -0.1 1,230 1,267 1,310 3.9 42 1,261 1,340 3.8 78 30 2.3 -0.1 Residential PROUD FLAT Togoshi-Koen 2,580 2,654 2,750 3.9 95 2,645 2,820 3.8 174 70 2.5 -0.1 Rs-T-134 Tokyo Rs-S-001 Other Rs-S-002 Other Rs-S-003 Other Rs-S-005 Other Rs-S-006 Other Residential PROUD FLAT Togoshi-Ginza Residential PRIME URBAN Higashi Nakano Court Residential PROUD FLAT Itsutsubashi Residential PROUD FLAT Kawaramachi Residential PROUD FLAT Shin Osaka 2,550 2,633 2,700 3.9 66 7,020 7,268 8,250 3.5 981 652 553 708 4.8 154 545 705 4.7 159 -3 -0.4 -0.1 735 616 554 4.7 -62 608 554 4.6 -54 0 0.0 -0.1 1,620 1,377 2,060 4.2 682 1,360 2,110 4.1 749 50 2.4 -0.1 Residential PRIME URBAN Kita Juyo Jo Residential PRIME URBAN Odori Koen I 274 239 285 4.4 45 236 291 4.3 54 6 2.1 -0.1 502 435 531 4.5 95 430 540 4.4 109 9 1.7 -0.1 Rs-S-007 Other Residential PRIME URBAN Odori Koen II 334 294 326 4.5 31 290 333 4.4 42 7 2.1 -0.1 Rs-S-008 Other Residential PRIME URBAN Kita Juichi Jo 547 467 576 5.0 108 462 580 4.9 117 4 0.7 -0.1 Rs-S-009 Other Residential PRIME URBAN Miyanosawa 475 401 482 5.1 80 396 482 5.0 85 0 0.0 -0.1 Rs-S-010 Other Rs-S-011 Other Rs-S-012 Other Rs-S-013 Other Rs-S-014 Other Rs-S-015 Other Rs-S-016 Other Residential PRIME URBAN Odori Higashi Residential PRIME URBAN Chiji Kokan Residential PRIME URBAN Maruyama Residential PRIME URBAN Kita Nijuyo Jo Residential PRIME URBAN Sapporo Idaimae 394 339 416 5.1 76 335 416 5.0 80 0 0.0 -0.1 249 209 259 5.0 49 206 252 4.9 45 -7 -2.7 -0.1 229 197 215 5.0 17 195 215 4.9 19 0 0.0 -0.1 437 368 453 5.1 84 363 456 5.0 92 3 0.7 -0.1 616 527 622 5.0 94 521 631 4.9 109 9 1.4 -0.1 Residential PRIME URBAN Sapporo Riverfront 4,480 3,941 4,740 5.1 798 3,915 4,740 5.0 824 0 0.0 -0.1 Residential PRIME URBAN Kita Sanjo Dori 1,730 1,495 1,920 5.0 424 1,479 1,950 4.9 470 30 1.6 -0.1 Rs-S-017 Other Residential PRIME URBAN Nagamachi Icchome 1,140 998 974 5.1 -24 987 971 5.0 -16 -3 -0.3 -0.1 Rs-S-018 Other Residential PRIME URBAN Yaotome Chuo 466 393 356 5.2 -37 388 346 5.1 -42 -10 -2.8 -0.1 Rs-S-019 Other Residential PRIME URBAN Tsutsumidori Amamiya 949 927 984 4.8 56 925 1,010 4.7 84 26 2.6 -0.1 Rs-S-020 Other Rs-S-021 Other Rs-S-022 Other Residential PRIME URBAN Aoi 712 646 674 4.6 27 640 679 4.5 38 Residential PRIME URBAN Kanayama 553 478 586 4.7 107 472 581 4.6 108 Residential PRIME URBAN Tsurumai 1,020 863 1,020 4.7 156 851 1,020 4.6 168 Rs-S-023 Other Rs-S-024 Other Residential PRIME URBAN Kamimaezu 1,590 1,399 1,650 4.7 250 1,385 1,670 4.6 284 Residential PRIME URBAN Izumi 3,770 3,322 3,910 4.6 587 3.285 3,890 4.5 604 Rs-S-029 Other Residential PRIME URBAN Sakaisuji Honmachi 1,810 1,589 2,240 4.0 650 1,572 2,290 3.9 717 550225 0.7 -0.1 -0.9 -0.1 0.0 -0.1 1.2 -0.1 -0.5 -0.1 2.2 -0.1 Rs-S-030 Other Residential PRIME URBAN Hakata 588 519 635 4.7 115 513 645 4.6 131 10 1.6 -0.1 Rs-S-031 Other Residential PRIME URBAN Yakuin Minami 265 232 300 4.6 67 229 305 4.5 75 5 1.7 -0.1 Rs-S-032 Other Residential PRIME URBAN Kashii 398 336 280 4.9 -56 331 287 4.8 -44 7 2.5 -0.1 Rs-S-033 Other Residential PRIME URBAN Hakata Higashi 622 537 477 4.8 -60 529 485 4.7 -44 8 1.7 -0.1 Rs-S-034 Other Rs-S-036 Other Residential PRIME URBAN Chihaya Residential Serenite Shinsaibashi Grande 604 534 514 4.8 -20 528 522 4.7 -6 8 1.6 -0.1 5,567 5,638 6,100 3.8 461 5,602 6,240 3.7 637 140 2.3 -0.1 211,617 190,333 226,582 - 36,248 199,192 241,465 42,272 3,933 1.7 Ht-S-001 Other Ht-S-002 Other Hotels Hotel Vista Sapporo Odori 3,600 3,665 3,730 4.4 64 3,648 3,740 4.4 91 10 0.3 0.0 Hotels Comfort Inn Naha Tomari Port 2,650 2,683 2,520 4.9 -163 2,671 2,520 4.9 -151 0 0.0 0.0 6,250 6,348 6,250 -98 6,320 6,260 -60 10.0 0.2 Ryotokuji University Shin- Ot-T-001 Tokyo Other Urayasu Campus (Land) (1) 4,900 5,136 5,450 3.9 313 5,136 5,460 3.9 323 10 0.2 0.0 4,900 5,136 5,450 313 5.136 5,460 323 10 0.2 1,091.759 1,054,640 1,247,408 192,767 1,067,176 1,285,418 218,241 20,260 1.6 (*1) Capitalization rates are discount rates by DCF method. (*2) Period-to-period change in appraisal value is calculated excluding properties acquired in the August 2022 FP. 64
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