Investor Presentaiton

22 22 Portfolio profitability As of end of Jun. 2017 As of end of Dec. 2017 As of end of Mar. 2018 (Note 2) Average NOI yield (Note 1) Average NOI yield after depreciation (Note 1) 4.2% 3.1% 4.1% 4.1% 3.1% NOI yield after depreciation of each property by area (Note 3) NOI yield after 3.1% Dividend yield of TK interest Dividend yield depreciation Office Retail facilities Hotel Assets newly acquired 7.0% 5.5% 5.0% USC Bldg. 4.5% (approx. 46%) AEON MALL USC Bldg. Yoshiyasu 4.0% Tsudanuma Sasazuka Center Bldg. 3.5% 3.0% Sumitomo Fudosan Ueno Bldg. No.6 2.5% Cube Kawasaki Yokohama (approx. Creation 54%) Square G-Square Shibuya Dogenzaka Shibuya Sakuragaoka Square Kanda Bldg SSP Bldg. M-City Akasaka 1-chome Bldg. 2.0% Higashi-Nihombashi Green Bldg. 1.5% 1.0% 0.5% 0.0% Tokyo Area Note 1: TK interest of Nagoya Lucent Tower is not included. Konami Sports Club Kyobashi Dormy Inn Hakata Gion 6.0% Sendai 5.6% Capital Tower Assets newly acquired 5.0% Higobashi MID Bldg. Kitahama MID Bldg. Twin 21 3.7% 4.0% Nagoya Lucent Tower (TK interest) MID Nishihommachi Bldg. MID Imabashi Matsushita IMP Bldg. Bldg. MID REIT Kyobashi Bldg. Osaka Area Others 3.0% 2.0% 1.0% 0.0% Nagoya Area Note 2: Properties held as of the end of December 2017 are based on the actual NOI yield at the same point, while four properties newly acquired are based on figures stated in the respective appraisal reports Note 3: Size of each bubble is proportionate to the acquisition price of each asset. MCUBS MidCity Investment Corporation

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