Investor Presentaiton

24 Portfolio overview (after acquisitions of new assets / 23 properties base) Office Area Property No. Property name Location Completion date Acquisition date Acquisition price (mn. yen) Appraisal value (Notel) (mn. yen) (Note2) NOI yield NOI yield after depreciation (Note) Leasable Space (Note3) (%) (m) (%) Occupancy rate (Note) (%) OT-1 OT-2 Sumitomo Fudosan Ueno Bldg. No.6 G-Square Shibuya Dogenzaka Taito-ku, Tokyo Nov. 1993 May 2015 7,460 8,300 4.1% 3.1% 6,858.16 100.0% Shibuya-ku, Tokyo Oct. 2009 Aug. 2015 12,220 14,500 3.9% 3.4% 5,011.74 100.0% Aug. 2015 5,000 OT-3 Shibuya Sakuragaoka Square Shibuya-ku, Tokyo Mar. 2010 19,500 3.8% 3.1% 6,379.66 100.0% Feb. 2017 12,130 OT-4 Yokohama Creation Square Kanagawa-ku, Yokohama Mar. 1994 Aug. 2015 7,080 7,960 4.4% 3.7% 12,720.94 87.4% OT-5 Cube Kawasaki Tokyo metropolitan area OT-6 OT-7 Higashi-Nihombashi Green Bldg. Sasazuka Center Bldg. Kawasaki-ku, Kawasaki Chuo-ku, Tokyo May 1982 Aug. 2015 20,050 22,300 3.6% 3.1% 24,494.06 100.0% Mar. 1988 Dec. 2015 2,705 3,030 4.1% 3.5% 3,254.77 100.0% Shibuya-ku, Tokyo Mar. 1995 Mar. 2017 8,700 9,290 4.1% 3.7% 8,219.90 85.6% Jan. 1990 Apr. 2017 5,000 5,230 5.0% 4.4% OT-8 USC Bldg. Koto-ku, Tokyo 12,489.08. 100.0% added on to in Jan. 2007 Feb. 2018 Three major 5,800 6,070 4.6% 4.0% metropolitan areas. OT-9 Yoshiyasu Kanda Bldg. OT-10 SSP Bldg. OT-11 M-City Akasaka 1-chome Bldg. May. 1989 Chiyoda-ku, Tokyo Feb. 2018 4,000 4,260 4.2% 3.9% 3,149.30 100.0% Partial demolition of building: Aug. 2008 Chuo-ku, Tokyo Jan. 2008 Mar. 2018 9,200 10,200 4.4% 3.6% 6,123.81 100.0% Minato-ku, Tokyo Mar. 1985 Mar. 2018 4,205 4,280 3.8% 3.6% 2,636.62 100.0% 00-1 Twin 21 Chuo-ku, Osaka Mar. 1986 Aug. 2006 68,700 54,500 4.0% 2.8% 82,304.84 97.8% Feb. 1990 00-2 Matsushita IMP Bldg. Chuo-ku, Osaka Aug. 2006 24,600 21,700 3.9% 1.6% 37,299.95 86.7% added on to in Nov. 2003 Osaka metropolitan area 00-4 MID REIT Kyobashi Bldg. 00-5 00-7 Miyakojima-ku, Osaka Feb. 2000 Aug. 2006 2,300 1,460 2.3% 1.0% 4,833.88 100.0% MID Imabashi Bldg. Kitahama MID Bldg. Chuo-ku, Osaka Oct. 1990 Apr. 2007 3,270 2,330 3.4% 1.9% 4,277.63 100.0% Chuo-ku, Osaka Feb. 2008 Apr. 2008 10,800 9,290 4.0% 3.2% 10,189.49 100.0% 00-8 MID Nishihommachi Bldg. Nishi-ku, Osaka Mar. 1989 Oct. 2008 3,550 2,180 2.7% 1.6% 3,881.74 100.0% 00-9 Higobashi MID Bldg. Nishi-ku, Osaka Jan. 2010 June 2013 3,000 3,620 5.2% 3.7% 4,655.57 96.5% Other Other major cities OR-1 Sendai Capital Tower Aoba-ku, Sendai Mar. 1974 Feb. 2017 5,500 6,510 5.2% 4.5% 12,999.51 95.2% Subtotal (Office) 225,270 216,510 4.0% 3.0% 251,780.65 95.9% Other than Office Bldg. Sep. 2003 Three major metropolitan Tokyo metropolitan area RT-1 AEON MALL Tsudanuma Narashino-shi, Chiba Aug. 2006 26,100 28,400 4.8% 3.9% 101,210.44 100.0% added on to in Dec. 2007 areas Osaka metropolitan area RO-1 Konami Sports Club Kyobashi Miyakojima-ku, Osaka June 1999 Aug. 2006 2,780 3,380 6.1% 4.8% 9,586.26 100.0% Other Other major cities HR-1 Dormy Inn Hakata Gion Hakata-ku, Fukuoka Jan. 2009 Sep. 2013 2,280 3,420 6.5% 4.8% 5,554.91 100.0% Subtotal (Other than Office) Total 31,160 256,430 35,200 5.0% 4.0% 251,710 4.1% 3.1% 116,351.61 368,132.26 100.0% 97.2% TK Interest for Office Three major Nagoya Lucent Tower metropolitan Nagoya metropolitan area TK-1 areas (TK interest) Total Nishi-ku, Nagoya Aug. 2015 4,919 Note 1: Appraisal value is as of Dec. 31, 2017 (for Assets newly acquired, Dec. 1, 2017) 261,349 Note 2: With regard to NOI yield and NOI yield after depreciation, legacy properties are based on annualized actual NOI for the 23rd Period, while Assets newly acquired are based on NOI according to a direct income method stated in the respective appraisal reports Note 3: Leasable space is based on data as of Dec. 31, 2017 which only includes the area of leasable room, and excludes those for warehouses, halls and parking lots. However, the leasable spaces of Konami Sports Club Kyobashi and AEON Mall Tsudanuma, the entire buildings of which are leased, include the common area and parking lot area, and those of MID REIT Kyobashi Bldg. and Dormy Inn Hakata include common area, respectively. Note 4: Occupancy rate is represented by rates as of the end of Dec. 2017 MCUBS MidCity Investment Corporation

View entire presentation