Investor Presentaiton

Improvement of Portfolio Quality Through Portfolio Rebalancing Daiva House REIT Investment Corporation Enhancing profitability and keeping property age young through continuous rebalancing since the merger Aim to further improve portfolio quality through portfolio rebalancing Dispositions Acquisitions Number of properties 10 properties Number of properties Sale price 14.5 Bn yen Acquisition price 7 properties 23.7 Bn yen Average NOI yield 5.1% Average NOI yield 5.1% Average NOI yield 3.3% after depreciation Average NOI yield after depreciation 4.1 % Average property age 13.4 years Average property age 5.6 years Residential Logistics Retail Hotel Castalia Minami Gyotoku II Castalia Maihama Castalia Urayasu Castalia Castalia Minami Gyotoku Nipponbashi Kouzu DPL Kitakyushu Hiratsuka Retail Property (Land) ASOBOX (Land) FOLEO Ome Imai Castalia Ichikawa Myoden Castalia Shinsakae Aprile Tarumi Crest Kusatsu Morino Tonari (Note) Average NOI yield and average NOI yield after depreciation are based on actual NOI for the dispositions and appraisal NOI for the acquisitions. Average property age is based on the property age at the time of disposition or acquisition. ACROSSMALL Semboku (Land) COMBOX310 Super Hotel JR Nara Station Sanjo Street 11

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