Investor Presentaiton

一期一会| ICHIGO Portfolio Details (2) Acquisition No. Asset Name Asset Type Office O-42 Ichigo Takamatsu Building O-46 Ichigo Kanda Nishikicho Building O-47 Ichigo Akihabara North Building O-48 Ichigo Sakaisuji Honmachi Building O-49 Ichigo Kanda Ogawamachi Building O-50 Ichigo Hatchobori Building O-51 Ichigo Ebisu Green Glass O-52 Ichigo Omori Building O-53 Ichigo Takadanobaba Building O-54 Ichigo Omiya Building O-55 Ichigo Sagamihara Building O-56 Ichigo Ofuna Building O-57 Ichigo Sendai East Building O-58 Ichigo Kumamoto Building O-59 Ichigo Jingumae Building Other Regional Cities Takamatsu City, Kagawa Book Value Area Location Price (JPY M) (JPY M) 3,010 1,985 Leasable Area (m²) 6,329.33 Oct 2023 Appraisal Apr 2023 Appraisal as of October 31, 2023 Change Occupancy Value Value Value Cap rate Cap rate Cap rate (JPY M) (JPY M) (JPY M) 100% 3,990 5.9% 3,990 5.9% Central Tokyo Central Tokyo Four Major Cities Central Tokyo Central Tokyo Chiyoda-ku, Tokyo 2,130 2,013 2,523.09 100% 3,320 3.5% 3,310 3.6% +10 -0.1% Chiyoda-ku, Tokyo 5,500 5,434 6,250.53 100% 7,900 4.1% 7,780 4.2% +120 -0.1% Osaka 1,940 1,678 3,729.35 100% 2,490 4.2% 2,480 4.3% +10 -0.1% Chiyoda-ku, Tokyo 2,210 2,184 2,309.39 89.8% 2,460 3.8% 2,400 3.9% +60 -0.1% Chuo-ku, Tokyo 1,905 1,713 2,716.33 84.6% 2,680 4.2% 2,660 4.3% +20 -0.1% Central Tokyo Shibuya-ku, Tokyo 5,900 5,729 3,159.27 100% 7,690 3.2% 7,680 3.3% +10 -0.1% Central Tokyo Shinagawa-ku, Tokyo 3,850 3,796 3,585.93 100% 4,630 4.0% 4,710 4.0% -80 Central Tokyo Shinjuku-ku, Tokyo 1,580 1,598 1,606.92 90.7% 1,940 3.7% 1,940 3.8% -0.1% Tokyo Metro Area Saitama City, Saitama 3,430 3,502 6,213.30 94.4% 4,490 4.8% 4,300 4.9% +190 -0.1% Tokyo Metro Area Sagamihara City, Kanagawa 1,174 1,205 2,960.81 100% 1,350 5.0% 1,300 5.1% +50 -0.1% Tokyo Metro Area Kamakura City, Kanagawa 2,000 1,994 2,176.47 83.3% 2,180 5.2% 2,190 5.2% -10 I Other Regional Cities Sendai 1,840 1,530 5,205.49 100% 2,100 5.1% 2,190 5.2% -90 -0.1% Other Regional Cities Kumamoto City, Kumamoto 1,450 1,567 4,507.59 98.1% 1,620 5.6% 1,610 5.7% +10 -0.1% Central Tokyo Shibuya-ku, Tokyo 7,200 7,416 4,510.00 100% 7,890 3.0% 7,890 3.1% -0.1% O-60 Ichigo Shibuya Dogenzaka Building Central Tokyo Shibuya-ku, Tokyo 3,650 3,690 2.789.86 100% 5,690 3.2% 5,560 3.2% +130 O-61 Ichigo Hiroo Building Central Tokyo Shibuya-ku, Tokyo 3,960 3,969 3,510.44 94.0% 4,780 3.5% 4,740 3.6% +40 -0.1% O-62 Ichigo Sasazuka Building Central Tokyo Shibuya-ku, Tokyo 4,780 4,868 6,425.29 100% 6,320 3.7% 6,230 3.8% +90 -0.1% O-63 Ichigo Nihonbashi East Building Central Tokyo Chuo-ku, Tokyo 4,700 4,290 4,216.97 100% 5,700 3.6% 5,640 3.7% +60 -0.1% O-64 Ichigo Sakurabashi Building Central Tokyo Chuo-ku, Tokyo 2,500 2,532 2,971.22 100% 3,250 3.6% 3,240 3.6% +10 O-65 Ichigo Shinkawa Building Central Tokyo Chuo-ku, Tokyo 2,360 2,390 2,312.03 100% 3,130 3.6% 3,120 3.6% +10 O-66 Ichigo Kudan Building Central Tokyo Chiyoda-ku, Tokyo 3,190 3,268 3,090.65 100% 3,720 3.6% 3,710 3.7% +10 -0.1% O-67 Ichigo Higashi Gotanda Building Central Tokyo Shinagawa-ku, Tokyo 3,660 3,650 4,548.10 100% 4,480 3.7% 4,430 3.8% +50 -0.1% O-68 Axior Mita O-69 Ichigo Higashi Ikebukuro Building O-70 Koriyama Big-i (Office Section) O-71 Ichigo Kawasaki Building O-72 Ichigo Shibuya East Building Central Tokyo Minato-ku, Tokyo 1,800 1,689 2,369.82 100% 2,680 3.4% 2,610 3.5% +70 -0.1% Tokyo Metro Area Toshima-ku, Tokyo 4,570 4,620 4,437.97 91.6% 5,570 3.7% 5,470 3.8% +100 -0.1% Other Regional Cities Koriyama City, Fukushim 1,660 1,518 3,433.07 100% 2,200 5.0% 2,160 5.0% +40 O-73 Ichigo Ningyocho Building Tokyo Metro Area Central Tokyo Central Tokyo Kawasaki City, Kanagaw 1,750 1,821 3,871.06 87.6% 2,300 3.9% 2,300 4.0% -0.1% Shibuya-ku, Tokyo 1,350 1,378 1,041.36 100% 1,760 3.3% 1,620 3.3% +140 Chuo-ku, Tokyo 1,450 1,490 1,769.75 100% 1,680 3.8% 1,680 3.8% O Ichigo Investment Advisors Co., Ltd. Ichigo Office REIT Investment Corporation All rights reserved. 49

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