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Investor Presentaiton

No. Occupancy Rates (1/5) Nippon Accommodations Fund 34th Period 33rd Period Property Name Rentable Units (Units) Rentable 2023 2023 2022 2022 2022 2022 Area (m) Feb 28 Jan 31 Dec 31 Nov 30 Oct 31 Sep 30 2022 Aug 31 2022 2022 2022 2022 2022 Jul 31 Jun 30 May 31 Apr 30 Mar 31 Occupancy Rate 1 Okaw abata Apartment Communities 544 43,812.41 96.0% 95.5% 95.6% 95.4% 95.1% 94.2% 93.9% 93.9% 94.0% 94.8% 94.1% 95.1% 2 Park Axis Gakugei Daigaku 64 2,437.66 98.1% 98.1% 100.0% 98.8% 98.8% 96.3% 94.2% 96.9% 98.5% 98.1% 96.3% 96.3% 4 Park Axis Shibuya Jinnan 75 2,766.62 94.9% 95.0% 92.5% 92.5% 94.0% 95.2% 96.4% 96.1% 96.2% 94.9% 97.3% 95.8% 5 Park Axis Aoyama Kotto Dori 40 1,537.24 95.8% 91.3% 98.3% 96.5% 96.5% 96.5% 95.9% 95.9% 92.5% 93.3% 95.6% 98.2% 6 Park Axis Kagurazaka Stage 59 1,891.05 92.8% 93.5% 94.9% 97.6% 95.9% 100.0% 97.9% 97.9% 96.4% 96.4% 96.8% 95.9% 7 Park Axis Shirokanedai 99 4,704.44 100.0% 100.0% 100.0% 98.6% 98.7% 99.1% 97.6% 93.9% 96.8% 96.5% 94.1% 96.8% 8 Park Axis Bunkyo Stage 154 6,078.93 97.8% 94.7% 97.4% 98.3% 95.3% 97.7% 96.9% 98.2% 95.9% 95.6% 95.4% 97.6% 9 Park Axis Tsukishima 30 1,383.99 100.0% 97.1% 97.1% 100.0% 96.4% 96.4% 96.4% 96.8% 100.0% 100.0% 100.0% 100.0% 10 Park Axis Otsuka 52 2,606.37 97.7% 96.0% 92.9% 93.4% 95.7% 95.2% 94.6% 94.5% 100.0% 100.0% 96.7% 98.6% 11 Park Axis Minami Azabu 64 3,938.14 93.3% 96.9% 100.0% 100.0% 98.5% 98.5% 97.4% 94.3% 95.4% 95.4% 98.8% 96.9% 13 Park Axis Nihonbashi Stage 185 10,025.40 95.5% 97.4% 97.8% 96.5% 95.7% 96.3% 97.0% 96.2% 96.2% 96.7% 98.1% 98.8% 14 Park Axis Hamamatsucho 80 2,426.45 97.1% 97.1% 96.5% 92.2% 90.5% 95.9% 94.8% 95.0% 100.0% 97.9% 91.2% 93.2% 15 Park Axis Hongo no Mori 87 3,317.94 97.7% 96.1% 96.7% 97.0% 96.9% 97.5% 97.0% 96.5% 98.6% 98.6% 95.0% 95.2% 16 Park Axis Tameike Sanno 70 2,710.69 94.8% 95.8% 97.3% 98.4% 98.2% 100.0% 97.3% 97.3% 94.2% 98.0% 98.0% 97.1% 17 Park Axis Roppongi Hinokicho Koen 46 2,054.46 100.0% 93.4% 95.3% 98.1% 96.6% 98.5% 98.5% 98.5% 96.3% 95.5% 86.3% 86.5% 18 Park Axis Ochanomizu Stage 324 12,025.25 99.1% 98.3% 98.3% 97.3% 95.0% 95.3% 97.2% 97.9% 95.5% 96.2% 97.3% 98.3% 19 Park Axis Okachimachi 42 1,621.73 100.0% 100.0% 100.0% 100.0% 97.7% 100.0% 100.0% 100.0% 100.0% 98.5% 97.6% 97.6% 20 Park Cube Hongo 60 2,160.12 100.0% 98.3% 98.3% 98.3% 96.8% 96.8% 91.7% 95.1% 94.9% 93.3% 98.2% 96.6% 21 Park Cube Kanda 95 3,194.59 98.3% 96.2% 95.0% 95.2% 97.3% 97.3% 97.3% 98.0% 100.0% 98.1% 96.3% 96.1% 22 Park Cube Ichigaya 53 2,288.46 100.0% 98.6% 100.0% 97.7% 100.0% 100.0% 97.7% 100.0% 97.3% 98.7% 98.7% 93.7% 23 Park Cube Asakusa Taw aramachi 76 4,012.68 97.9% 95.1% 94.2% 99.3% 100.0% 98.4% 97.1% 98.8% 100.0% 98.6% 95.4% 97.1% 24 Park Cube Ueno 91 3,041.61 97.7% 98.9% 98.8% 98.8% 97.7% 94.5% 94.5% 91.4% 96.9% 97.8% 96.7% 96.7% 29 Park Axis Meguro Honcho 60 1,884.77 98.3% 100.0% 100.0% 98.2% 100.0% 95.1% 95.1% 98.3% 96.5% 96.5% 98.3% 98.6% 30 Park Axis Shin Itabashi 152 4,395.99 98.4% 96.8% 97.4% 95.9% 94.2% 96.4% 96.1% 97.9% 97.9% 93.7% 93.6% 97.9% 31 Park Axis Akihabara 41 1,346.07 100.0% 98.2% 100.0% 100.0% 95.3% 93.0% 97.8% 100.0% 90.8% 91.5% 93.3% 95.2% 32 Park Axis Toyocho 140 5,412.40 96.4% 96.4% 97.9% 99.3% 97.1% 97.1% 95.7% 95.7% 95.0% 95.0% 95.0% 98.6% 33 Park Axis Takinogaw a 49 2,924.75 96.4% 98.3% 94.7% 98.1% 96.4% 94.7% 94.7% 94.6% 98.3% 98.2% 96.4% 98.2% 34 Park Axis Asakusabashi 79 3,400.78 97.7% 97.7% 99.3% 100.0% 98.6% 94.0% 93.3% 95.9% 97.9% 98.4% 100.0% 97.3% 38 Park Axis Nihonbashi Hamacho 118 6,999.83 98.6% 97.8% 97.1% 96.5% 96.3% 97.0% 97.8% 97.4% 97.8% 95.8% 98.5% 94.9% 39 Park Cube Yoyogi Tomigaya 38 1,929.10 100.0% 100.0% 97.8% 97.1% 97.5% 97.5% 89.6% 96.7% 98.2% 98.2% 100.0% 97.1% 41 Park Axis Monzen Nakacho 55 1,886.39 100.0% 98.6% 97.2% 92.3% 92.1% 96.1% 96.1% 96.1% 98.7% 98.7% 94.0% 100.0% 44
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