Investor Presentaiton

Acquisitions in March and April 2019 (2) LB-063 D Project Yokkaichi LB-062 D Project Kuki VIII Acquisition date Location Apr. 10, 2019 Kuki City, Saitama Logistics (BTS type) Construction date Oct. 1, 2016 Logistics (BTS type) th 934444 Besuc www Acquisition price Leasable area 6,100 million yen 29,410.54 m² Tenant ESCO Location at approx. 3.7km and 4.3km from Kuki IC on the Tohoku Expressway and Shiraoka-Shobu IC on the Ken-O Expressway, respectively, enabling the property to function as a hub for freight collection and cover Saitama and over the entire Tokyo Metropolitan area, and as a relay point from the Tohoku Region ■5-storied (4-storied for the warehouse section) with GFA of approx. 8,649 tsubo, occupied by an industrial product manufacturer Tohoku Expressway Shirackashobu IC Kuki IC Metropolitan Inter-City Expwy (Ken-O Expressway) Okegawakitamoto Iwatsuki IC Omiya Sta. Urawa IC Kan-Etsu Expressway Kawaguchi ICT Misato CT D Project Kuki M D Project Kuki D Project Kuki - D Project Kukil D Project Kuki N D Project Kuki II D Project Kuki VI D Project Kuki V Mallage Shobu FOLEO Shobu LB-064 D Project Ibaraki Ishioka Logistics (BTS type) Acquisition date Location Construction date Acquisition price Leasable area Tenant Apr. 10, 2019 Ishioka City, Ibaraki Aug. 1, 2015 4,050 million yen 24,493.54 m² Kokubu Group Corp. Kita-Kanto Expressway ■Good traffic access to artery roads and expressways in proximity to National Route 355, an artery road running through Ishioka City, and within approx. 1.9km from Ishioka-Omitama Smart IC on the Joban Expressway 2-storied (1-storied for the warehouse section) with GFA of approx. 6,495 tsubo, occupied by a food wholesaler About half of the warehouse is allocated to a refrigerator and a freezer Ishioka-Omitama Smart IC Tohoku Shinkansen Chiyoda-Ishioka IC d Tsuchiura Kita IC Sakura-Tsuchiura IC Tsukuba JCT Joban Expressway Misato CT Ki Daiwa House REIT Investment Corporation Acquisition date Location Apr. 10, 2019 Yokkaichi City, Mie Construction date Dec. 16, 2016 Acquisition price 1,490 million yen Leasable area 6,185.46 m² Tenant Kintetsu Logistics Systems Property with an ability to serve for a regional distribution network and also to cover distribution to central Nagoya, via National Routes 1 and 23, as well as covering the greater Nagoya and the greater Osaka areas using expressways, thanks to a proximity to Yokkaichi Higashi IC on the Higashi-Meihan Expressway 2-storied with GFA of approx. 1,695 tsubo, occupied by a logistics company One-sided truck berths at the 1st floor Nagoya Sta. Nagoya Nishi JCT Higashi-Meihan Expressway Yokkaichi JCT Yokkani Higashi IC Isewangan Expressway Chitahanto Road Yokkaichi Sta. iias Tsukuba RM-012 (30% co-ownership interest) Retail (Mall type) Daiwa House Group Sublease Acquisition date Location Construction date Acquisition price Leasable area Tenant Apr. 5, 2019 Tsukuba City, Ibaraki Sep. 29, 2008 10,320 million yen 41,670.12 m² Daiwa House Tsukuba City Office Tsukuba Sta Kenkyu-gakuen Sta. Located within an approx. 4-minute walking distance from Kenkyu-gakuen Station on the Tsukuba Express, the newly-emerging subcenter of Tsukuba City Good accessibility by car facing three roads with a parking area for approx. 4,300 vehicles Largest retail property within the 3km-radius area with a growing population especially among students and young families, consisting of over 200 stores Eco-friendly property with installation of solar and solar/wind hybrid power generation systems, as well as an ice thermal storage system using midnight power Tsukuba Chuo C Metropolitan Inter-City Expwy (Keno Expressway) Tsukuba Express Line Joban Expressway Tsukuba JCT 29 29

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