Investor Presentaiton

Acquisitions in April 2017 (4) Construction date Hiroshima City, Hiroshima Dec. 19, 2014 3,820 mil yen LB-045 D Project Hiroshima Seifu Location Logistics (BTS-type) Acquisition price Appraisal value Appraisal NOI yield 5.9% Enable delivery to Yamaguchi and Okayama areas via Hiroshima Seifushinto IC, connecting Chugoku Expressway running inland and the Sanyo Expressway running along the coast of the Chugoku area, and access to central Hiroshima City via Hiroshima Expressway 4 ■GFA of approx. 5,764 tsubo, 2-story property Total leasable area Tenant 3,860 mil yen 19,004.72 m² MITSUI FOODS Hircer maki Chugoku Expressway OHiroshima cits IC Hiushre Expretoway Hiroshima seifushinto ICQ Himost ma JC sukaich IC Sarvo Expressway Viyajima Smart C Эта Hrasnima Niho C Location RE-143 Castalia Shinsakae II Residential (Compact/Family) Daiwa House Group Sublease Located 9 minutes walking distance to Yabacho Station and also accessible to Sakae Station Walking distance to the commercial center Sakae and various stores and restaurants located along the main road, making this property convenient for everyday life The variety of apartment types can meet the various needs of end- tenants OT-004 Sharp Hiroshima Building Daiwa House REIT Investment Corporation Location Construction date Acquisition price Appraisal value Appraisal NOI yield Structure/floors Leasable units Total leasable area Tenant Nagoya City, Aichi Jan. 25, 2016 1,800 mil yen 1,850 mil yen 5.5% RC, 12-storied 99 units 4,425.46 m² Daiwa Living Management erent vaches" Salac Sa Sasana Frater kate Tostesoo Entrance Naruci Haga tr Metzing Wasage 30% Yetoch: Sta -aduser ایا این ابل acy Expressvid's Hay Chia Hiroshima City, Hiroshima LB-046 D Project Tosu || Tosu City, Saga Construction date Dec. 21, 2016 Logistics (BTS-type) Acquisition price Appraisal value Appraisal NOI yield Lease term 1,700 mil yen Remaining lease term Total leasable area Tenant 1,740 mil yen 5.5% 7.0 years 6.7 years 13,012.50 m² Marukyo Transportation Located 1.5 km from Tosu IC, the inland point where Kyushu Expressway runs north-south, Nagasaki Expressway runs east-west, and the Oita Expressway in the Kyushu area intersects Having the advantage of covering all areas of Kyushu, primarily the northern area of Kyushu, and easy access to local roads such as National Routes 3, 34 and 500 ■GFA of approx. 3,902 tsubo, 4-story property Hakata Sta. Jazailu (2 Kyushi Expressway Kyushu Sfinkansen Ilaruda Sta Tesu c Oita Expressway Nagasaki Expressway Shin Tosu Sta sunume IC SHARP Location Other (Office) Construction date Acquisition price Appraisal value Appraisal NOI yield Total leasable area Jan. 29, 2016 1,850 mil yen 1,890 mil yen 5.7% Tenant 3,064.89 m² Sharp Located on a main street of National Route that connects to JR Hiroshima Station and Sanyo Expressway's Hiroshima IC. Area with high convenience and visibility, suitable as a sales office for manufacturers hub for covering the surrounding area Standard floor area of approx. 300 tsubo, 3-story property consists of an office with storage, and has a parking lot with approx. 48 parking spaces AHMARHUR-OFC Orarista Shimogion Sca Kate Line Trashi Exce Saryusha Hiustina 1 Gersitat - 63 Jasan I g (Babi_re rachm S By Line Hnox S Teza Sta 30

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