Our main investment targets are lifestyle-focused assets deep-rooted in local communities throughout the five major metropolitan areas in Japan such as Hokkaido Region, Tokyo Metropolitan area , Chubu Region, Kinki Region and Kyushu Region^(Note1) where consistent growth in population density is forecasted.

Asset type(Note2)	Commercial facilities (including leasehold land): 60% or more Residence (including leasehold land): 20% or less Assets aimed at creating a sustainable society (i.e. Healthcare facilities(Note3), Educational Facilities, Hotels and Logistics facilities to serve as bases in the event of a disaster) (including leasehold land): 20% or less
Target area(Note2)	Focus on five major metropolitan areas (Hokkaido, Tokyo, Chubu, Kinki and Kyushu)

• Hokkaido Region includes Hokkaido Prefecture. Tokyo Metropolitan area includes Tokyo, Kanagawa, Saitama, Chiba, Ibaraki, Tochigi, and Gunma Prefectures. Chubu Region includes Aichi, Shizuoka, Mie, Nagano and Gifu Prefectures. Kinki Region includes Osaka, Kyoto, Hyogo, Nara, and Shiga Prefectures. Kyushu Region refers to Fukuoka, Kumamoto, Kagoshima, Miyazaki, Oita, Saga and Nagasaki Prefecture.
• Acquisition price basis.
• "Healthcare facilities" refers to serviced housing for the elderly set forth in Article 5 of the Act on Securement of Stable Supply of Elderly Persons' Housing, paid nursing homes set forth in Article 29 of the Act on Social Welfare for the Elderly, or elderly group homes for those with dementia based on Paragraph 2 (6) of Article 5-2 of the same law. Hospitals as defined in Paragraph 1 of Article 1-5 of the Medical Care Act are not included.