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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 (million yen) Rs-T-083 Tokyo Residential PRIME URBAN Kameido Rs-T-084 Tokyo Residential PRIME URBAN Sumiyoshi Rs-T-085 Tokyo Residential PRIME URBAN Mukojima Rs-T-086 Tokyo Residential PRIME URBAN Kinshi Koen Rs-T-087 Tokyo Residential PRIME URBAN Kinshicho Rs-T-088 Tokyo Residential PRIME URBAN Hirai Rs-T-089 Tokyo Residential PRIME URBAN Kasai Rs-T-090 Tokyo Residential PRIME URBAN Kasai II Rs-T-091 Tokyo Residential PRIME URBAN Kasai East Rs-T-093 Tokyo 779 (million yen) 695 (million yen) (%) 815 4.3 (million yen) 119 (million yen) 691 (million yen) (%) (million yen) (million yen) change (%) change (%) 831 4.2 139 16 2.0 -0.1 632 571 662 4.2 90 567 675 4.1 107 13 2.0 -0.1 528 514 496 4.4 -18 512 501 4.3 -11 5 1.0 -0.1 1,290 1,139 1,340 4.2 200 1,133 1,310 4.1 176 -30 -2.2 -0.1 758 689 783 4.5 93 688 784 4.4 95 1 0.1 -0.1 722 649 755 4.3 105 652 765 4.2 112 10 1.3 -0.1 640 574 670 4.3 95 571 682 4.2 110 12 1.8 -0.1 981 864 977 4.3 112 855 990 4.2 134 13 1.3 -0.1 1,140 1,017 1,330 4.2 312 1,007 1,350 4.1 342 20 1.5 -0.1 Residential PRIME URBAN Itabashi Kuyakushomae 1,080 972 1,340 4.4 367 963 1,360 4.3 396 20 1.5 -0.1 Rs-T-094 Tokyo Residential PRIME URBAN Asakusa 384 376 322 4.4 -54 377 342 4.3 -35 20 6.2 -0.1 Rs-T-095 Tokyo Residential PRIME URBAN Machiya South Court 1,910 1,816 2,280 4.4 463 1,807 2,340 4.3 532 60 2.6 -0.1 Rs-T-096 Tokyo Residential PRIME URBAN Musashi Koganei 1,910 1,928 1,940 4.8 11 1,939 1,950 4.7 10 10 0.5 -0.1 Rs-T-098 Tokyo Rs-T-099 Tokyo Rs-T-100 Tokyo Rs-T-101 Tokyo Rs-T-102 Tokyo Rs-T-097 Tokyo Residential PRIME URBAN Musashino Hills Residential PRIME URBAN Koganei Honcho 1,280 1,307 1,410 4.7 102 1,308 1,420 4.6 111 10 0.7 -0.1 791 737 900 4.6 162 735 906 4.5 170 6 0.7 -0.1 Residential PRIME URBAN Kumegawa Residential PRIME URBAN Musashi Kosugi comodo Residential PRIME URBAN Kawasaki 1,520 1,320 1,630 4.8 309 1,304 1,640 4.7 335 10 0.6 -0.1 1,940 1,930 2,430 4.5 499 1,923 2,470 4.4 546 40 1.6 -0.1 962 947 1,080 4.5 132 955 1,080 4.4 124 0 0.0 -0.1 Residential PRIME URBAN Shinyurigaoka 1,020 920 1,310 4.4 389 917 1,330 4.3 412 Rs-T-103 Tokyo Residential PRIME URBAN Tsurumi Teraya 493 492 486 4.5 -6 489 497 4.4 7 Rs-T-105 Tokyo Rs-T-106 Tokyo Rs-T-107 Tokyo Rs-T-108 Tokyo Residential PRIME URBAN Urayasu 804 738 960 4.1 221 734 1,000 4.0 265 40 Residential PRIME URBAN Gyotoku I 633 592 640 4.2 47 590 671 4.1 80 Residential PRIME URBAN Gyotoku II 730 683 875 4.2 191 683 743 4.1 59 Residential PRIME URBAN Gyotoku Ekimae 488 439 558 4.1 118 436 570 4.0 133 Rs-T-109 Tokyo Rs-T-110 Tokyo Rs-T-111 Tokyo Rs-T-112 Tokyo Residential PRIME URBAN Gyotoku Ekimae II Residential PRIME URBAN Gyotoku III 469 447 610 4.2 162 446 641 4.1 194 747 717 988 4.2 270 714 1,030 4.1 315 Residential PRIME URBAN Nishi Funabashi 761 656 914 4.2 257 647 958 4.1 310 Residential PRIME URBAN Kawaguchi 1,580 1,462 1,760 4.8 297 1,452 1,790 4.7 337 Rs-T-113 Tokyo Rs-T-114 Tokyo Residential PROUD FLAT Hatchobori Residential PROUD FLAT Itabashi Honcho 920 909 1,210 3.4 300 905 1,250 3.3 344 720 692 942 3.7 249 686 967 3.6 280 Rs-T-115 Tokyo Residential PRIME URBAN Meguro Mita 1,058 1,110 1,130 3.9 19 1,108 1,140 3.8 31 Rs-T-117 Tokyo Rs-T-116 Tokyo Residential Fukasawa House Towers H&I Residential PRIME URBAN Toyosu 7,140 6,957 8,260 3.8 1,302 6,953 8,460 3.7 1,506 200 5,290 4,979 5,980 4.0 1,000 4,950 6,100 3.9 1,149 Rs-T-118 Tokyo Residential PRIME URBAN Nihonbashi Kayabacho 2,850 2,747 3,270 3.9 522 2,738 3,340 3.8 601 Rs-T-119 Tokyo Residential PRIME URBAN Yoga II 1,320 1,250 1,400 3.7 149 1,246 1,430 3.6 183 Rs-T-120 Tokyo Rs-T-121 Tokyo Rs-T-122 Tokyo Residential PROUD FLAT Omori III Residential PROUD FLAT Kinshicho Residential PRIME URBAN Musashi-Koganei II 1,310 1,228 1,490 4.0 261 1,220 1,540 3.9 319 Residential PRIME URBAN Gakugei Daigaku Parkfront 1,300 1,361 1,450 3.8 88 1,357 1,480 3.7 122 1,110 1,107 1,410 3.6 302 1,101 1,450 3.5 348 Rs-T-123 Tokyo Rs-T-124 Tokyo Rs-T-125 Tokyo Residential PROUD FLAT Sotokanda Rs-T-126 Tokyo Residential PROUD FLAT Noborito Rs-T-127 Tokyo Residential PROUD FLAT Yoyogi Hachiman Rs-T-128 Tokyo Residential PROUD FLAT Nakaotiai 785 777 1,010 3.6 232 771 1,040 3.5 268 Residential PROUD FLAT Sangenjaya II 2,750 2,763 3,260 3.6 496 2,752 3,350 3.5 597 2,280 2,300 2,840 3.5 539 2,290 2,890 3.4 599 1,216 1,220 1,470 4.2 249 1,212 1,530 4.1 317 966 977 1,180 3.5 202 973 1,210 3.4 236 844 851 969 3.7 117 847 994 3.6 146 2121372282235532 1.5 -0.1 2.3 -0.1 4.2 -0.1 4.8 -0.1 -15.1 -0.1 2.2 -0.1 5.1 -0.1 42 4.3 -0.1 44 4.8 -0.1 30 1.7 -0.1 40 3.3 -0.1 2.7 -0.1 10 0.9 -0.1 2.4 -0.1 2.0 -0.1 70 2.1 -0.1 30 2.1 -0.1 50 3.4 -0.1 30 2.1 -0.1 40 2.8 -0.1 30 3.0 -0.1 90 2.8 -0.1 50 1.8 -0.1 60 4.1 -0.1 30 2.5 -0.1 2.6 -0.1 63
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