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3-3 Properties acquired in the 30th Period (ended June 30, 2016) NBF Mapen Building [Map] Ueno East Tower 上野の森美術館上野バンダ上野棒台東区役所チサン O 上野觀察署上野の森さくらテラス上野上野消防署 EB 全仁会上野店院下谷神前局アメマルイシティセンタービル ABAB 東北上越新幹線田永寿絡合納院三菱東京UFJ [上野御徒町 Ueno East Tower 都営大江戸線松坂 [Sectional View] Hotel Office Kowa Nishi-Shinbashi Bldg.B(additional acquisition) Location Completion Total floor space Contract date Acquisition date Acquisition price Appraisal value (As of March 1, 2016) Higashi-Ueno, Taito-ku, Tokyo December 7, 2015 12,457 tsubo (41,180m²) March 30, 2016 June 1, 2016 ¥21,600 million ¥21,600 million NOI yield (Appraisal NOI/ 4.2% Acquisition price) Occupancy rate (As of June 30, 2016) Share Seller 100% 60% Naeba Properties SPC (Mitsui Fudosan investment fund) [Property Features] Acquisition Background ⚫ NBF acquired the property in a negotiated transaction with a fund operated by NBF's main sponsor, Mitsui Fudosan. . We expect the property to produce stable income because the hotel on the upper floors and the offices on the lower floors are both under long-term lease contracts. Location ⚫Ueno is a northern gateway to Tokyo that offers convenient transportation as a terminal station served by various JR lines, the Tohoku, Joetsu and Hokuriku shinkansen lines, and the Keisei Line. Specifications ⚫A competitive newly built large-scale property featuring leading-edge office building specifications. Standard area per floor: approx. 420 tsubo (1,388m²); ceiling height: 2,700 mm; OA flooring; zone air conditioning. Location Acquisition date Acquisition price Share Nishi Shinbashi, Minato-ku, Tokyo March 1, 2016 ¥48 million 0.37% (After acquisition: 83.37%) 17

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