Investor Presentaiton
Value-Add Asset Breakdown (3)
No.
Asset Type
Classification
Location
Acquisition
Price
Acquisition Building
Date
Age
Expected
NOI/Year
Ichigo Equity
Investment
Forecast Equity
Forecast
Multiple¹
IRR²
47
Residence
50
Residence
51
Residence
Real Estate for Sale
Real Estate for Sale
Real Estate for Sale
53
Residence
55
Residence
56
Residence
Real Estate for Sale
Real Estate for Sale
Real Estate for Sale
Koto-ku, Tokyo
Sumida-ku, Tokyo
Ota-ku, Tokyo
Chuo-ku, Tokyo
Shinjuku-ku, Tokyo
JPY 1B-2B
2014/12
12 years
JPY 93M
JPY 270M
1.56X
14.6%
JPY 1B-2B
2014/12
13 years
JPY 60M
JPY 163M
1.55X
15.2%
<JPY 1B
2014/12
17 years
JPY 54M
JPY 150M
2.21X
35.7%
<JPY 1B
2014/12
15 years
JPY 38M
JPY 99M
2.96X
44.4%
<JPY 1B
2014/12
14 years
JPY 26M
JPY 82M
2.05X
25.8%
57
Residence
Real Estate for Sale
59
Residence
22233 23
60
Residence
61 Mixed (Office/Retail)
62 Retail
63 Retail
64 Retail
Real Estate for Sale
Real Estate for Sale
Operational Loan
Real Estate for Sale
Fixed Asset
Shibuya-ku, Tokyo
Minato-ku, Tokyo
Setagaya-ku, Tokyo
Shinjuku-ku, Tokyo
Shinjuku-ku, Tokyo
Fukuoka
JPY 1B-2B
2014/12
13 years
JPY 88M
JPY 270M
2.00X
23.2%
JPY 1B-2B
2014/12
15 years
JPY 54M
JPY 186M
1.90X
21.0%
<JPY 1B
2014/12
14 years
JPY 40M
JPY 117M
2.11X
27.2%
<JPY 1B
2014/12
12 years
JPY 19M
JPY 55M
1.80X
21.1%
JPY 1B-2B
2014/12
55 years
JPY 128M
JPY 57M
15.26X
51.7%
<JPY 1B
2014/12
15 years
JPY 46M
66
Retail
68
Retail
Real Estate for Sale
Real Estate for Sale
Fixed Asset
Meguro-ku, Tokyo
Shinagawa-ku, Tokyo
JPY 1B-2B
2014/12
12 years
JPY 84M
JPY 212M
JPY 129M
<JPY 1B
2015/01
64 years
JPY 23M
Sendai
Shibuya-ku, Tokyo
<JPY 1B
<JPY 1B
2015/02
15 years
JPY 48M
2015/04
17 years
JPY 47M
JPY 8M
JPY 79M
42.58X
198.9%
1 Forecast Equity Multiple is based on the business plan of each asset and is the forecast sum of rental income and gains on sale divided by Ichigo Investment.
2 Forecast IRR is the forecast internal rate of return based on each asset's actual cash flow. The total Forecast Equity Multiple and Forecast IRR are for Real Estate
for Sale assets acquired from FY15/2 onward and exclude Fixed Assets.
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