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Investor Presentaiton

No. Occupancy Rates (2/5) Nippon Accommodations Fund 35th Period 34th Period Property Name Rentable Units (Units) Rentable Area (m) 2023 2023 2023 2023 2023 2023 2023 2023 2022 2022 2022 2022 Aug 31 Jul 31 Jun 30 May 31 Apr 30 Mar 31 Feb 28 Jan 31 Dec 31 Nov 30 Oct 31 Sep 30 Occupancy Rate 42 Park Cube Itabashi Honcho 166 5,317.07 94.9% 93.9% 95.0% 95.0% 96.6% 96.2% 98.0% 98.8% 98.3% 97.1% 96.4% 96.0% 43 Park Cube Gakugei Daigaku 44 Park Cube Oimachi 24 957.88 100.0% 100.0% 100.0% 96.2% 100.0% 100.0% 94.8% 100.0% 100.0% 100.0% 100.0% 100.0% 65 1,511.12 98.6% 100.0% 100.0% 93.9% 95.3% 96.9% 98.6% 97.0% 95.7% 95.7% 98.6% 100.0% 46 Park Axis Nishigahara 46 1,435.83 94.4% 96.0% 96.0% 92.5% 92.6% 94.7% 92.7% 92.7% 94.5% 92.7% 96.3% 96.3% 47 Park Axis Kinshicho. 65 2,288.13 96.1% 96.6% 98.5% 100.0% 100.0% 98.3% 98.6% 96.3% 97.4% 97.4% 98.5% 96.6% 48 Park Axis Tatsumi Stage 300 16,474.06 98.1% 97.4% 97.8% 97.3% 96.4% 97.1% 97.5% 97.5% 96.3% 98.5% 98.8% 97.5% 51 Park Axis Kameido 118 3,986.78 99.3% 96.5% 96.0% 94.4% 98.5% 98.0% 98.7% 96.9% 97.7% 97.0% 97.7% 97.6% 52 Park Axis Honancho 31 1,231.08 96.5% 96.5% 100.0% 100.0% 100.0% 96.2% 100.0% 96.5% 100.0% 100.0% 96.5% 100.0% 53 Park Axis Itabashi 54 Park Axis Oshiage 55 Park Axis Takadanobaba 59 Park Axis Toyosu 64 2,567.96 98.7% 97.7% 96.4% 96.1% 98.0% 100.0% 98.0% 96.0% 92.7% 96.4% 100.0% 97.4% 58 2,121.29 96.7% 98.1% 100.0% 98.6% 96.1% 97.4% 98.6% 100.0% 100.0% 100.0% 98.1% 98.1% 37 1,463.25 94.7% 95.0% 100.0% 94.9% 95.0% 97.7% 100.0% 100.0% 100.0% 100.0% 97.7% 100.0% 403 25,537.94 97.9% 97.4% 94.4% 93.9% 93.1% 96.7% 97.6% 96.7% 97.1% 98.2% 99.0% 98.2% 60 Park Axis Hatchobori 64 2,416.29 100.0% 97.8% 100.0% 91.4% 91.1% 98.7% 100.0% 97.6% 93.6% 96.8% 94.6% 95.7% 61 Park Axis Itabashi Honcho 66 2,048.31 92.1% 92.3% 96.0% 97.9% 97.9% 97.9% 93.2% 93.2% 93.7% 95.7% 94.2% 92.7% 62 Park Axis Sumiyoshi 60 1,785.72 98.6% 100.0% 98.6% 100.0% 100.0% 95.6% 100.0% 96.4% 97.3% 98.6% 97.3% 95.9% 63 Park Cube Yotsuya Sanchome 130 3,599.82 97.4% 98.7% 99.3% 95.0% 94.8% 94.2% 97.5% 97.1% 96.8% 95.7% 96.0% 95.2% 64 Park Cube Hatchobori 120 5,191.86 100.0% 99.2% 96.6% 97.6% 100.0% 99.2% 99.2% 96.3% 95.9% 95.2% 96.8% 96.0% 68 Park Axis Kamata Ichibankan 63 1,721.28 100.0% 98.6% 98.4% 97.1% 93.4% 96.1% 96.3% 96.3% 97.3% 98.6% 98.6% 95.9% 70 Park Axis Taito Negishi 40 1,283.13 96.1% 86.6% 88.5% 90.4% 96.1% 96.1% 96.1% 96.1% 100.0% 100.0% 98.0% 96.1% 72 Park Axis Komagome 40 1,979.51 100.0% 91.4% 92.7% 98.0% 95.3% 97.3% 95.3% 95.3% 93.3% 95.3% 90.0% 88.0% 74 Park Axis Itabashi Honcho Nibankan 99 3,661.58 98.7% 99.3% 92.6% 92.7% 96.2% 97.4% 96.1% 97.4% 95.5% 97.4% 93.3% 96.1% 75 Shibaura Island Air Tow er 272 17,646.33 96.2% 96.4% 97.2% 95.7% 96.0% 96.6% 97.4% 97.5% 97.6% 97.7% 97.2% 97.4% 84 Park Cube Higashi Shinagawa 201 10,636.67 98.6% 99.6% 97.2% 97.6% 96.4% 97.3% 97.9% 97.3% 96.4% 97.4% 96.0% 95.5% 86 Park Cube Sasazuka 88 Park Axis Higashi Jujo 93 2,416.00 94.1% 99.1% 97.5% 96.6% 97.4% 97.5% 98.3% 97.5% 97.5% 98.3% 97.5% 96.6% 71 2,893.54 100.0% 100.0% 96.5% 90.7% 95.0% 97.4% 100.0% 99.1% 99.1% 99.1% 97.4% 98.4% 91 Park Cube Heiw adai 34 2,656.00 93.3% 93.4% 100.0% 100.0% 97.0% 97.0% 96.8% 100.0% 100.0% 100.0% 100.0% 100.0% 92 Park Cube Meguro Tower 194 12,367.62 94.8% 95.5% 94.7% 95.1% 94.0% 93.7% 95.8% 92.2% 91.9% 95.5% 95.4% 94.9% 93 Park Cube Nihonbashi Suitengu 77 4,235.33 96.1% 96.1% 94.4% 93.9% 93.2% 93.7% 93.9% 90.3% 94.4% 96.1% 95.7% 94.8% 94 Park Cube Ginza East 77 3,358.63 98.8% 96.3% 95.8% 94.6% 100.0% 98.5% 97.3% 96.1% 95.8% 94.6% 98.7% 97.2% 95 Park Cube Kayabacho 28 1,695.06 100.0% 93.3% 93.3% 86.8% 86.8% 96.8% 100.0% 96.8% 96.8% 100.0% 100.0% 96.0% 96 Park Cube Honjo Azumabashi 45 2,241.63 97.6% 97.6% 98.7% 93.9% 96.3% 100.0% 100.0% 97.6% 100.0% 100.0% 97.5% 97.5% 45
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