Investment targets

Investment share of "Rental Residences" which generate stable earnings

over80％

	Investment targets	Investment share (based on acquisition price)
Residential Properties	Rental Residences	80％ ～ 100％
	Operational Rental Residences	0％ ～ 20％

We will also invest in "Operational Rental Residences" with services likely to see rising demand, including senior residences, serviced apartments, and student apartments.

Investment areas

Investment share of "Central Tokyo", "Sub-central Tokyo", and "Tokyo Metropolitan Area"

over80％

	Investment areas	Investment share  (based on acquisition price)
Central Tokyo	Chiyoda, Chuo, Minato, Shinjuku and Shibuya	80％ ～ 100％
Sub-central Tokyo	Other 18 wards of Tokyo
Tokyo Metropolitan Area	Areas where demand for rental residences is strong in the Tokyo metropolitan area except for the areas above.
Other Major Cities	Areas where there is a concentration of residences, including ordinance-designated cities, except for the areas above	0％ ～ 20％