Investor Presentaiton

Features and Strategies (1) Investment in Accommodation Assets Core Investment Strategy: Continuing Acquisition of Rental Apartments and Stable Operations Investment in Accommodation Assets Accommodation Assets (Real estate primarily used as residences and hotels) Nippon Accommodations Fund Proportion of Investment in Assets Rental Apartments Rental Apartments Portfolio share Rental Apartments Investment Areas Hospitality Facilities Dormitories, Corporate Housing Serviced Apartments Senior Residences Hotels Tokyo 23 Wards Portfolio share Over 90% (As of February 28, 2023: 94.9%) Tokyo 23 Wards Over 80% (As of February 28, 2023: 85.8%) Rental Apartments: Greater Tokyo*1, mainly the 23 wards of Tokyo, and Other Major Cities*2 Hospitality Facilities: Major cities throughout Japan and their suburbs *1 Tokyo, Kanagawa Prefecture, Chiba Prefecture, and Saitama Prefecture *2 Each of the urban areas of the cities of Sapporo, Sendai, Nagoya, Osaka, Kyoto, Kobe, Hiroshima, and Fukuoka 25

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