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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 Rs-T-035 Tokyo Rs-T-036 Tokyo Rs-T-037 Tokyo Rs-T-038 Tokyo Residential PRIME URBAN Gakugei Daigaku Residential PRIME URBAN Senzoku Residential PRIME URBAN Meguro Riverside Residential PRIME URBAN Meguro Ohashi Hills (million yen) 775 (million yen) (million yen) (%) 728 890 3.8 (million yen) 161 (million yen) 722 (million yen) (%) 905 3.7 474 450 506 3.9 55 447 521 3.8 (million yen) 182 73 (million yen) change (%) change (%) 15 414 380 433 3.8 52 377 445 3.7 67 2,970 2,782 3,310 3.9 527 2,770 3,320 3.8 549 Rs-T-039 Tokyo Residential PRIME URBAN Meguro Aobadai 1,310 1,252 1,850 3.3 597 1,246 1,860 3.2 613 Rs-T-040 Tokyo Rs-T-041 Tokyo Rs-T-042 Tokyo Rs-T-043 Tokyo Rs-T-044 Tokyo Residential PRIME URBAN Gakugei Daigaku II 1,080 1,029 1,430 3.4 400 1,024 1,430 3.3 405 Residential PRIME URBANNaka Meguro II Residential PRIME URBAN Kachidoki Residential PRIME URBAN Shinkawa 2,850 2,804 3,620 3.4 815 2,800 3,700 3.3 899 2,570 2,586 2,470 4.2 -116 2,578 2,500 4.1 -78 2,100 2,108 2,570 4.2 461 2,106 2,590 4.1 483 Residential PRIME URBAN Nihonbashi Yokoyamacho 4,220 3,901 4,900 4.0 998 3,875 4,970 3.9 1,094 Rs-T-045 Tokyo Rs-T-046 Tokyo Rs-T-047 Tokyo Rs-T-048 Tokyo Residential PRIME URBANNihonbashi Hamacho 1,550 1,462 2,040 3.6 577 1,453 2,120 3.5 666 Residential PRIME URBAN Hongo Ikizaka Residential PRIME URBAN Hakusan 557 515 636 4.0 120 511 638 3.9 126 NON WONG 1.7 -0.1 3.0 -0.1 2.8 -0.1 0.3 -0.1 0.5 -0.1 0.0 -0.1 2.2 -0.1 1.2 -0.1 0.8 -0.1 1.4 -0.1 80 3.9 -0.1 0.3 -0.1 866 771 948 3.9 176 764 953 3.8 188 5 0.5 -0.1 Residential PRIME URBAN Yotsuya Gaien Higashi 1,490 1,437 1,520 3.8 82 1,432 1,550 3.7 117 30 2.0 -0.1 Rs-T-050 Tokyo Residential PRIME URBAN Nishi Shinjuku I 1,090 1,022 1,310 3.9 287 1,015 1,340 3.8 324 30 2.3 -0.1 Rs-T-051 Tokyo Rs-T-052 Tokyo Rs-T-053 Tokyo Residential PRIME URBAN Nishi Shinjuku II 885 817 961 3.6 143 810 986 3.5 175 25 2.6 -0.1 Residential PRIME URBAN Shinjuku Naitomachi 430 422 472 3.8 49 420 484 3.7 63 12 2.5 -0.1 Rs-T-054 Tokyo Residential PRIME URBAN Nishi Waseda Residential PRIME URBAN Shinjuku Ochiai 421 381 482 3.8 100 380 494 3.7 113 12 2.5 -0.1 594 599 617 4.4 17 597 624 4.3 26 7 1.1 -0.1 Rs-T-055 Tokyo Residential PRIME URBAN Mejiro 1,430. 1,361 1,780 3.7 418 1,354 1,810 3.6 455 30 1.7 -0.1 Rs-T-056 Tokyo Residential PRIME URBAN Kagurazaka 2,900 2,686 3,810 3.5 1,123 2,669 3,870 3.4 1,200 60 1.6 -0.1 Rs-T-057 Tokyo Rs-T-058 Tokyo Rs-T-060 Tokyo Rs-T-061 Tokyo Residential PRIME URBAN Sangen Jaya III 718 707 681 4.3 -26 708 682 4.2 -26 1 Residential PRIME URBAN Chitose Karasuyama 717 724 685 4.3 -39 723 707 4.2 -16 22 Residential PRIME URBAN Sangen Jaya Residential PRIME URBAN Minami Karasuyama 724 676 776 3.9 99 672 794 3.8 121 18 667 612 782 4.2 169 607 798 4.1 190 16 Rs-T-062 Tokyo Rs-T-063 Tokyo Rs-T-065 Tokyo Rs-T-066 Tokyo Rs-T-067 Tokyo Rs-T-068 Tokyo Rs-T-069 Tokyo Rs-T-070 Tokyo Rs-T-071 Tokyo Residential PRIME URBAN Karasuyama Galleria Residential PRIME URBAN Karasuyama Court 549 505 608 4.0 102 500 623 3.9 122 15 338 312 375 4.0 62 310 384 3.9 73 9 Residential PRIME URBAN Chitose Funabashi Residential PRIME URBAN Yoga Residential PRIME URBAN Shinagawa Nishi 746 689 759 4.1 69 685 761 4.0 75 2 1,390 1,298 1,820 3.5 521 1,291 1,820 3.5 528 0 494 505 451 4.3 -54 505 461 4.2 -44 10 03 2 2 NNOON 0.1 -0.1 3.2 -0.1 2.3 -0.1 2.0 -0.1 2.5 -0.1 2.4 -0.1 0.3 -0.1 0.0 0.0 2.2 -0.1 Residential PRIME URBAN Osaki 1,860 1,761 2,030 3.8 268 1,756 2,070 3.7 313 40 Residential PRIME URBAN Oimachi II 1,040 1,110 1,150 4.2 39 1,113 1,170 4.1 56 20 Residential PRIME URBAN Yukigaya Residential PRIME URBAN Omori 951 934 813 4.3 -121 932 761 4.2 -171 -52 52 905 835 913 3.9 77 828 920 3.8 91 7 Rs-T-072 Tokyo Residential PRIME URBAN Denenchofu Minami Rs-T-073 Tokyo Residential PRIME URBAN Nagahara Kamiikedai Rs-T-075 Tokyo Residential PRIME URBAN Nakano Kamitakada Rs-T-076 Tokyo Residential PRIME URBAN Takaido Rs-T-077 Tokyo Residential PRIME URBAN Nishi Ogikubo Rs-T-078 Tokyo Residential PRIME URBAN Nishi Ogikubo II 774 702 677 4.2 -25 696 681 4.1 -15 4 1,720 1,638 1,980 3.6 341 1,630 2,030 3.5 399 50 498 451 551 4.3 99 448 553 4.2 104 2 1,060 1,038 854 4.4 -184 1,034 873 4.3 -161 19 2911ONON 2.0 -0.1 1.7 -0.1 -6.4 -0.1 0.8 -0.1 0.6 -0.1 2.5 -0.1 0.4 -0.1 2.2 -0.1 414 394 453 4.0 58 393 462 4.0 68 9 2.0 0.0 1,790 1,722 2,120 3.5 397 1,716 2,160 3.4 443 40 1.9 -0.1 Rs-T-079 Tokyo Residential PRIME URBAN Otsuka 730 671 750 4.0 78 666 767 3.9 100 17 2.3 -0.1 Rs-T-080 Tokyo Residential PRIME URBAN Komagome Rs-T-081 Tokyo Residential PRIME URBAN Ikebukuro 437 437 429 4.4 -8 438 437 4.3 -1 8 1.9 -0.1 3,800 3,527 4,890 3.6 1,362 3,505 5,050 3.5 1,544 160 3.3 -0.1 Rs-T-082 Tokyo Residential PRIME URBAN Monzen Nakacho 2.420 2,247 2,680 4.0 432 2,240 2,750 3.9 509 70 2.6 -0.1 32 62
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