Investor Presentaiton

Operation Status of Logistics Properties Operation Status 100% occupancy since acquisitions unchanged Installed LED light for 4 properties including D Project Machida, D Project Aikawa-Machi, D Project Akanehama and D Project Kuki V ← Increased rental revenue Installed solar power generation system on roof for rent for DPL Inuyama → Increased rental revenue Rent Revision / Lease Contract Renewal Rent revision: D Project Nishi-Hiroshima Bldg. A and D Project Kuki I → Revised rent on equal terms D Project Shin-Misato in ongoing litigation Recorded provision for loss on litigation of 80 mil yen comprehensively taking account the current status of the litigation Daiwa House REIT Investment Corporation Remaining Lease Term (annual rent basis) Average Remaining Lease Term 10.3 years 15 years or more 11.2% 10 to less than 15 years 42.9% 5 to less than 10 years 38.7% Less than 5 years 7.2% Lease Term (annual rent basis) Average Lease Term 16.2 years 10 years or more 86.1% Less than 10 years 13.9% Future Plans for Internal Growth Aim to increase revenue by investing in properties suited for tenant needs D Project Gifu D Project Kuki I Installation of LED light D Project Kuki I → Increase rental revenue D Project Kakegawa D Project Aikawa-Machi Installation of freezing and refrigeration facility → Increase rental revenue Installation of solar power generation system on roof D Project Inuyama → Increase rental revenue % of Top 10 Tenants (leased area basis) Hitachi Capital 10.3% Mitsubishi Shokuhin 9.7% Daiwa Logistics 6.4% NAKANO SHOKAI 6.0% D Project Inuyama Top 10 Tenants 56.4% Hitachi Transport System Kanto 4.5% Sagawa Global Logistics 4.3% Seven & i Holdings 4.3% Hitachi Transport System 4.0% Takihyo Vantec Corporation Other 3.7% 3.3% 43.6% As of April 11, 2017 17

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