PitchSend

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) (%) Of-T-055 Tokyo Of-T-056 Tokyo Office PMO Hirakawacho 3,410 3,363 4,300 3.1 (million yen) 936 (million yen) (million yen) (%) 3,354 4,340 3.0 (million yen) 985 (million yen) change (%) change (%) 40 0.9 -0.1 Office PMO Nihonbashi Mitsukoshi-mae 4,310 4,301 5,760 2.8 1458 4,289 5,910 2.7 1620 150 2.6 -0.1 Of-T-057 Tokyo Office PMO Shibadaimon 2,130 2,132 2,610 3.2 477 2,123 2,650 3.1 526 40 1.5 -0.1 Of-T-058 Tokyo Office PMO Tamachi II 10,900 10,860 12,800 3.1 1939 10,830 13,100 3.0 2269 300 2.3 -0.1 Of-T-059 Tokyo Office PMO Hatchobori Shinkawa 3,805 3,786 4,290 3.4 503 3,772 4,380 3.3 607 90 2.1 -0.1 Of-T-060 Tokyo Office PMO Hatchobori III 2,880 2,879 3,290 3.3 410 2,869 3,350 3.2 480 60 1.8 -0.1 Of-T-061 Tokyo Office PMO Ochanomizu 3,890 3,877 4,590 3.2 712 3,867 4,700 3.1 832 110 2.4 -0.1 Of-T-062 Tokyo Office PMO Akihabara Kita 8,450 8,428 9,540 3.3 1111 8,395 9,770 3.2 1374 230 2.4 -0.1 Of-T-063 Tokyo Office PMO Higashi-Shinbashi 4,730 4,754 5,490 3.2 735 4,737 5,610 3.1 872 120 2.2 -0.1 Of-T-064 Tokyo Office PMO Hamamatsucho 4,380 4,395 5,130 3.1 734 4,379 5,280 3.0 900 150 2.9 -0.1 Of-T-065 Tokyo Office PMO Hamamatsucho II 5,500 5,543 6,100 3.2 556 Of-S-001 Other Office Sapporo North Plaza 6,250 6,582 8,980 4.3 2397 6,700 9,270 4.1 2569 290 3.2 -0.2 Of-S-002 Other Office NRE Sapporo Building 4,140 3,695 5,140 4.4 1444 3,651 5,570 4.2 1918 430 8.4 -0.2 Of-S-004 Other Office NMF Sendai Aoba-dori Building 2,030 2,188 2,610 5.4 421 2,178 2,620 5.4 441 10 0.4 0.0 Of-S-006 Other Office NMF Nagoya Fushimi Building 2,240 1,975 2,630 4.1 654 1,957 2,650 4.0 692 20 0.8 -0.1 Of-S-007 Other Office NMF Nagoya Yanagibashi Building 2,280 2,530 2,290 4.7 -240 2,516 2,260 4.6 -256 -30 -1.3 -0.1 Of-S-008 Other Office Omron Kyoto Center Building 18,300 18,206 19,900 4.4 1693 18,237 20,200 4.3 1962 300 1.5 -0.1 Of-S-009 Other Office SORA Shin-Osaka 21 12,100 11,971 12,600 4.1 628 12,009 12,900 4.0 890 300 2.4 -0.1 Of-S-010 Other Office NRE Osaka Building 6,100 7,740 7,540 4.5 -200 7,735 7,680 4.4 -55 140 1.9 -0.1 Of-S-011 Other Office NRE Nishi-Umeda Building 3,450 3,640 3,840 4.2 199 3,641 3,840 4.2 198 0 0.0 0.0 Of-S-012 Other Office NRE Yotsubashi Building 4,000 4,452 4,960 4.3 507 4,441 5,140 4.2 698 180 3.6 -0.1 Of-S-013 Other Office NRE Hiroshima Building 2,280 2,460 2,880 5.5 419 2,455 2,920 5.4 464 40 1.4 -0.1 Of-S-014 Other Office NMF Hakata Ekimae Building 4,210 4,254 6,030 4.3 1775 4,237 6,120 4.2 1882 90 1.5 -0.1 Of-S-015 Other Office NMF Tenjin-Minami Building 2,230 2,036 2,960 4.4 923 2,025 3,030 4.3 1004 70 2.4 -0.1 476,765 476,085 543,030 66944 481,042 559,170 78127 10040 1.8 Rt-T-002 Tokyo Retail Yokosuka More's City 13,640 13,729 15,700 4.8 1970 13,736 15,300 4.8 1563 -400 -2.5 0.0 Rt-T-003 Tokyo Retail Recipe SHIMOKITA 10,407 10,222 11,000 3.9 777 10,175 10,800 3.8 624 -200 -1.8 -0.1 Rt-T-004 Tokyo Retail Kawasaki More's 6,080 6,579 8,520 4.1 1940 6,553 8,500 4.1 1946 -20 -0.2 0.0 Rt-T-005 Tokyo Retail EQUINIA Shinjuku 4,260 4,271 5,150 3.7 878 4,266 5,160 3.7 893 10 0.2 0.0 Rt-T-006 Tokyo Retail EQUINA Ikebukuro 3,990 4,010 4,540 4.1 529 4,001 4,550 4.1 548 10 0.2 0.0 Rt-T-007 Tokyo Retail covirna machida 3,440 3,793 4,090 4.2 296 3,821 4,200 4.1 378 110 2.7 -0.1 Rt-T-008 Tokyo Retail Nitori Makuhari 3,080 2,639 3,960 4.6 1320 2,617 3,950 4.6 1332 -10 -0.3 0.0 Rt-T-009 Tokyo Rt-T-010 Tokyo Retail Retail Konami Sports Club Fuchu 2,730 2,527 3,390 5.0 862 2,520 3,390 5.0 869 0 0.0 0.0 FESTA SQUARE 2,600 2,192 3,580 4.8 1387 2,168 3,580 4.8 1411 0 0.0 0.0 Rt-T-011 Tokyo Retail GEMS Shibuya 2,490 2,348 2,750 4.3 401 2,338 2,790 4.3 451 40 1.5 0.0 Rt-T-013 Tokyo Retail EQUINIA Aobadai 1,560 1,566 2,630 4.7 1063 1,557 2,720 4.5 1162 90 3.4 -0.2 Rt-T-014 Tokyo Retail Megalos Kanagawa 1,000 945 1,550 5.2 604 944 1,550 5.2 605 0 0.0 0.0 Rt-T-015 Tokyo Retail Mitsubishi Motors Meguro (*1) 2,740 2,764 3,460 5.1 695 2,764 3,460 5.1 695 0 0.0 0.0 Rt-T-016 Tokyo Retail Mitsubishi Motors Chofu (1) 1,760 1,776 1,730 5.2 -46 1,776 1,740 5.1 -36 10 0.6 -0.1 Rt-T-018 Tokyo Retail Mitsubishi Motors Nerima (1) 1,240 1,251 1,470 5.2 218 1,251 1,500 5.1 248 30 2.0 -0.1 Rt-T-019 Tokyo Retail Mitsubishi Motors Kawasaki (1) 950 959 1,300 6.1 340 959 1,300 6.1 340 0 0.0 0.0 Rt-T-020 Tokyo Retail Mitsubishi Motors Takaido (1) 850 859 856 5.1 -3 859 859 5.0 0 3 0.4 -0.1 Rt-T-021 Tokyo Retail Mitsubishi Motors Katsushika (1) 762 770 880 5.2 109 770 880 5.2 109 0 0.0 0.0 Rt-T-022 Tokyo Retail Mitsubishi Motors Higashikurume (1) 800 808 909 6.1 100 808 916 6.0 107 7 0.8 -0.1 59

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