Residential Portfolio Teaser_EN

パターン2

TO K YO

I N V E ST M E N T

O P P O RT U N I T Y

P R E M I E R R E S I D E N T I A L P O RT F O L I O

May 2022

Strictly Private & Confidential

Tokyo Investment Opportunity

Saitama TOKYO

Chiba

Kanagawa

Kyoto Osaka

JR Yamanote Line

Tokyo Metro Hanzomon Line

JR Chuo-Sobu Line

Toei Oedo Line

JR Sobu Line Rapid

CONTENTS 2

PREMIER RESIDENTIAL PORTFOLIO

Nagoya

Tokyo Metro Tozai Line

04

Investment Highlights

08

Tent.)Wellith URBAN Suitengu-Mae

06

18

Portfolio Summary

Tent.)Wellith URBAN Kinshicho

Itabashi

Adachi

Tokyo Kita 23 Wards

Tent.) Wellith URBAN Otsuka

Nakano

Arakawa

Toshima

Ikebukuro sta.

Shinjuku sta.

Shinjuku

Shibuya

Shibuya sta.

Bunkyo

Taito

Otemachi sta.

Chiyoda Tokyo sta.

Roppongi sta.

Sumida

Kinshicho sta.

Suitengu-Mae sta.

Koto Chuo Monzennakacho sta.

Tent.) Wellith URBAN Kinshicho

Tent.) Wellith URBAN Suitengu-Mae

N

Shinagawa

28

Tent.)Wellith URBAN Otsuka

40

Appendix: Properties in the same series (Example)

50

Appendix: Macro data

44

Appendix: Developer - NTT Urban Development

3

Investment Highlights No.1 Investment Destination Tokyo: the most popular investment destination.

Tokyo ranks as the most popular investment destination in Asia. High liquidity, market stability, and high asset quality are key factors driving further growth.

High Spec & Amenities New, high-grade buildings with the latest specifications for the post-COVID world.

New

major

luxury

properties

developer

condominiums.

of

These

managed

high-quality

buildings

by

a

luxury

have

advantages compared to similar newly-built properties, such as co-working spaces, divided rooms with workspace and dining (1DK+),

luxurious plumbing, and high security. The

high grade specifications provide a clear choice for business people with higher rent budgets.

4

PREMIER RESIDENTIAL PORTFOLIO

Close to CBD & Large Scale Portfolio

Superior Access

Portfolio of popular, large residential assets near Central Business Districts.

Urban locations with excellent accessibility.

among the popular residential asset class - that

stations such as the Tokyo Metro, JR Yamanote

This is a rare investment opportunity, even have maintained stable cash flows in the midst

of the COVID-19 pandemic - to acquire a large portfolio of assets close to CBDs. It provides risk diversification benefits and economies of scale.

All three properties are located in the heart of the city and offer excellent access to major and Toei lines. In particular, the property in Suitengu-Mae offers direct access to the airport, making it a highly attractive location for more

affluent residents, such as those with frequent business trips, or those on assignment from overseas.

5

Portfolio Summary The portfolio consists of three newly-built residences. All three properties are in excellent locations with easy access to major terminals and in attractive neighborhoods.

Location

NRA(Residential)

Suitengu-Mae

11,768 ㎡

Kinshicho

2,095 ㎡

Otsuka

1,746 ㎡

Total

15,609 ㎡

3,560 tsubo

634 tsubo 528 tsubo

Ratio

Completion Scheduled

No. of Units

NRA / No. of Units

Walking distance from sta.

75%

2023 / 2

431

27 ㎡

9 mins

13%

2023 / 3

64

33 ㎡

2 mins

11%

2022 / 11

55

32 ㎡

4 mins

550

28 ㎡

4,722 tsubo

Distance to the terminal sta.

Otemachi (Tokyo) 4 mins Tokyo 7mins

Ikebukuro 3 mins

The rooms are mainly 1DK-type or more spacious- easy to separate between work and private use. They’re perfectly suited to accommodate the increase in the number of residents who have begun to work more from home during the COVID-19 pandemic.

1R / 1K

Tent.) Wellith URBAN Suitengu-Mae

6

Tent.) Wellith URBAN Kinshicho

Rendering of exteriors is based on design drawings and may differ from the actual building.

PREMIER RESIDENTIAL PORTFOLIO

Tent.) Wellith URBAN Otsuka

NTT Urban Development, the seller, has utilized its knowledge cultivated from condominium development to plan these high-quality, high-security residences for the post-COVID environment. Below are some amenities / facilities to be installed in each property.

Facilities

Co-working space

Non-contact elevators

Hotel-like Interior hallways Delivery boxes

Free internet access

Artificial marble kitchen countertops

Suitengu-Mae 〇 〇

〇

〇

〇

〇

Security cameras

〇

Dimple keys

〇

Bath and toilet separated Washlet toilets

-

〇

〇

-

Independent washstand

〇

-

〇（22 units）

Motion-sensor lighting

Bathroom dryer fans

-

-

〇（28 units）

〇

Intercom with video monitor

-

Otsuka

〇（60 units）

Sanitary kitchen panels

Soft-closing storage drawers

Kinshicho

〇 〇 〇 〇 〇

〇 〇 〇

〇 〇 -

〇

〇

〇

〇

〇 〇 〇 〇 〇 〇

Installation ratio of comparable 0.01% -

0.06%

59.44% 26.84% -

-

0.01%

〇

43.35%

〇

20.03%

〇 〇 〇 〇

64.56% 60.07% 59.86% 83.56% 60.20%

*Specified facilities above are planned. Please note that they are subject to change during the construction phase. * Installation ratio in competitors: The number of properties in the Tokyo 23-ward in the SUUMO property search is used as the denominator and the number of units that matched to the search for each feature is used as the numerator.

Co-working space that supports remote work (Image: Tent.)Wellith URBAN Suitengu-Mae)

Hotel-like Interior hallway (Reference photo: Wellith URBAN Nakanosakaue)

Interphone with high security TV monitor (Reference photo: Wellith URBAN Nakanosakaue)

Co-working space that supports remote work (Image: Tent.)Wellith URBAN Suitengumae)

*The above illustrations are sample images from the planning stage; photographs are from other properties developed by NTT Urban Development and differ from the actual properties.

7

Te n t . )

Wellith URBAN Suitengu-Mae

8

PREMIER RESIDENTIAL PORTFOLIO

The exterior image is based on design drawings and may differ from the actual building.

9

PORTFOLIO SUMMARY

Tent. )

Wellith URBAN Suitengu-Mae Total 431 units + 2 units Type

No. of Units

1DK

374

Retail

2

1R / 1K 2LDK

NRA

38

26.10～31.32 ㎡

19

52.20～57.42 ㎡

26.10～26.40 ㎡ total 267.51 ㎡

Residential units 431: 11,768.05㎡ / 3,559.83 tsubo

Air conditioner indoor unit エアコン室内機 Air conditioner outdoor unit エアコン室外機 Hot water supply system 給湯機

Commercial units: 267.51㎡ / 80.92 tsubo

Property name

Tent.) Wellith URBAN Suitengu-Mae

Land area

2-14-5 etc., Saga, Koto-ku, Tokyo

NRA (total)*1

Address

2-8, Saga, Koto-ku, Tokyo (projected)

Access

9 mins walk from “Suitengumae” sta. on Metro Hanzomo line 9 mins walk from “Monzennakacho” sta. on Metro Tozai line and Toei Oedo line 11 mins walk from “Suitengumae” sta. on Toei Oedo line

Lot number

Use

Scheduled completion Structure Facilities

10

All drawings shown are plans and are subject to change due to design and construction reasons.

Residential / Retail (2 units) February 2023 (Scheduled)

Reinforced concrete / 13 stories

4,248.43㎡ / 1,285.15 tsubo

GFA*1

16,161.68㎡ / 4,888.90 tsubo

NRA (Residential)*1

11,768.05㎡ / 3,559.83 tsubo

NRA (Retail)*1,2

Total no. of units Car parking, etc.

12,032.68㎡ / 3,639.88 tsubo

267.51㎡ / 80.92 tsubo 431

Car Parking 46 lots, Bicycle parking 414 lots, Motorcycle parking 45 lots

Exclusive area : Intercom with TV monitor / Double lock / Dimple key / Semi-automatic bath (for some types) / Bathroom dryer / Independent washstand / Bath and toilet separated / Toilet washlet / Artificial marble kitchen countertops / Soft-close storage (kitchen) / Clothesline / Free internet access Common area : Co-working space / Non-contact elevators / Delivery box (60 parcels) / Security camera / Interior hallway

**Planned area to be modified *2Including outside equipment space for retail PREMIER RESIDENTIAL PORTFOLIO

Tent.) Wellith URBAN Suitengumae

ACCESS:

Suitengu-Mae・Monzannakacho・Kiyosumishirakawa note Line Yama

Iidabashi Otemachi

Roppongi

sen Shinkan

Nihombashi

Tokyo

Shiodome Shinagawa

Kiosumishirakawa

Suitengu-Mae

Offering

Monzennakacho

s

Shinjuku

ct b u

Tok yo M etro Han zom on L ine

e Lin do e ei O To

Shibuya

Narita airport

Dire

Tok JR yo M etro Toz ai L ine

Shin-Osaka

Haneda airport

Access to major stations

Access to airports

Otemachi

Shiodome

Haneda airport

Tokyo metro Hanzomon line

(from Suitengu-Mae sta.)

Toei Oedo line (from Monzennakacho sta.)

(from Tokyo City Air Terminal)

17 mins

20 mins

4 mins

Roppongi

Toei Oedo line (from Monzennakacho sta.)

８mins

Shibuya

Tokyo metro Hanzomon line (from Suitengu-Mae sta.)

25 mins

Approx.

Bus

Narita airport

Approx.

55 mins Bus

(from Tokyo City Air Terminal)

Train times are based on normal daytime hours and may vary depending on the time of day.

11

Surrounding area：Suitengu

Sumida River

BLUE BOTTLE COFFEE Kiyosumishirakawa Flagship Cafe

AREA MAP JR Yamanote Line

Tokyo Metro Hanzomon Line

Suitengu

Haneda Airport approx. 25 mins (by bus)

Ap

IBM HQ

Tokyo City Air Terminal

pr ox .9

mi

ns

wa lk

Kiyosumi Garden

mi ns wa lk

Tokyo Metro Ginza Line

Kohnan

. rox App s walk in 9m

Nihonbashi sta.

Monzennakacho sta.

SuiteenguMae sta.

Tokyo sta.

Offering

Chuo-ku

12

Offering

SuitenguMae sta.

Ap pro x. 1 1

Toei Oedo Line

Ginza sta.

Kiyosumishirakawa sta

Royal Park Hotel

Tokyo Metro Tozai Line

Otemachi sta.

Narita Airport approx. 55 mins (by bus)

Kiyosumishirakawa sta.

Monzannakacho sta.

Koto-ku

PREMIER RESIDENTIAL PORTFOLIO

N

Koto-ku Office Fukagawa Sub-Branch

フラッグシップカ

Akafudado Fukagawa park

カフェ

Tent.) Wellith URBAN Suitengumae

Fukagawa Nakamachi-dori Shopping Street

Royal Park Hotel

Tomioka Hachimangu (Shrine)

Suitengu (Shrine)

Tokyo Museum of Contemporary Art

Kiyosumi Garden

Chuo-ku – Nihonbashi 13

Area Map

AREA MAP - Suitengu-Mae

Ginza sta.

Chuo-ku

Sumida River

Monzennakacho sta.

Akafudado Fukagawa store

14

PREMIER RESIDENTIAL PORTFOLIO

Tent.) Wellith URBAN Suitengumae

Otemachi sta.

Tokyo sta.

Nihonbashi sta.

Suitengu-Mae sta.

Tokyo city air terminal

Offering

Kohnan

Kiyosumi Garden

Kiyosumishirakawa Sta.

15

Otemachi(Tokyo)

SUBMARKET

Suitengu-Mae

Located adjacent to Chuo Ward CBDs

Located adjacent to Chuo Ward, where many premier companies gather in Japan’s primary business districts: Tokyo, Ginza, Nihonbashi, Kayabacho, Ningyocho, etc,.

The prime location satisfies the high-level leasing needs of workers and corporations.

A district with an affluent living environment and rich historical atmosphere

The area is surrounded by lush greenery and water: places such as Kiyosumi Park, designated as a place of Tokyo’s scenic beauty, and the Sumida River. Historical landmarks and sites abound, such as Suitengu Shrine, Tomioka Hachimangu, Naritasan, Fukagawa Fudo Hall, and the former residence of Tadataka Ino. One can take pleasure in the rich atmosphere of the surrounding cityscape.

Convenient access to the city center and airport

At only 2 km from Tokyo station and 4 minutes from Suitengu-Mae station, the location enjoys excellent transportation access to Otemachi station. It is also within walking distance of the Tokyo City Air Terminal, offering direct bus service to Narita and Haneda Airports, and therefore highly appealing to foreign nationals and business travelers.

An area rapidly growing in popularity as a spot for relaxation

The district is dotted with art museums and galleries, including the Museum of Contemporary Art Tokyo, strengthening its aspect as an artistic neighborhood. In recent years, many famous domestic and international roasteries and cafes, including the flagship store of Blue Bottle Coffee, have opened in the area. The area enjoys an increasing appeal to residents who prefer a relaxed and leisurely environment.

16

PREMIER RESIDENTIAL PORTFOLIO

Tent.) Wellith URBAN Suitengumae Suitengu

Akafudado Kiyosumi Store

Royal Park Hotel

Suitengu-Mae sta.

My Basket Nihonbashi Kakigaracho Store Tokyo City Air Terminal

Kiyosumishirakawa sta.

Offering

Kiyosumi Garden

IBM HQ

Blue Bottle Coffee Kiyosumi shirakawa

Kohnan

中央区

Koto -ku Office Fukagawa Sub-Branch

My Basket Fukagawa 2-chome store Akafudado Fukagawa store Fukagawa Park Monzennakacho sta.

N

Commercial Facility

Educational Institution

Public Facility

Bus Terminal

Clinic

BLUE BOTTLE COFFEE Kiyosumishirakawa Flagship Cafe

HQ of a Large Company

Kiyosumi Garden

Royal Park Hotel 17

Wellith URBAN Kinshicho Te n t . )

18

PREMIER RESIDENTIAL PORTFOLIO

The exterior image is based on design drawings and may differ from the actual building.

19

PORTFOLIO SUMMARY

Tent. )

Wellith URBAN Kinshicho Total 64 units Type

No. of Units

2DK

14

1DK

2LDK

NRA

44

26.60～27.28㎡

6

54.03㎡

41.51㎡

Residential units 64: 2,095.48㎡ / 633.88 tsubo

Air conditioner indoor unit エアコン室内機 Air conditioner outdoor unit エアコン室外機 Hot water supply system 給湯機

All drawings shown are plans and are subject to change due to design and construction reasons.

Tent.) Wellith URBAN Kinshicho

Land area*

421.71㎡ / 127.57 tsubo

Address

4-28, Kotobashi, Sumida-ku, Tokyo (undecided)

GFA

2,778.46㎡ / 840.48 tsubo

Lot number

4-3-1, 4-3-2, Kotobashi, Sumida-ku, Tokyo

NRA (total)

2,095.48㎡ / 633.88 tsubo

NRA (Residential)

2,095.48㎡ / 633.88 tsubo

NRA (Retail)

-

Total no. of units

64

Car parking, etc.

Car Parking 3 lots, Bicycle parking 74 lots, Motorcycle parking 7 lots

Property name

Access Use

Scheduled completion Structure

Facilities

20

3 mins walk from “Kinshicho” sta. on JR Chuo Sobu line and JR Sobu line Rapid 2 mins walk from “Kinshicho” sta. on Metro Hanzomon line Residential

2023 / 3 (Scheduled) Reinforced concrete / 13 stories and 1basement floor

Exclusive area : Intercom with TV monitor / Double lock / Dimple key / Semi-automatic bath (2LDK only) / Bathroom dryer /

Independent washstand / Bath and toilet separated / Toilet washlet / Artificial marble kitchen countertops / High-cleanliness

kitchen panel / Soft-close storage (Kitchen/Bath) / Motion sensor / Clothesline / Free internet access Common area : Delivery box (28 units) / Security camera / Interior hallway

*There is a possibility that the site area will change after the border crossing is eliminated.

PREMIER RESIDENTIAL PORTFOLIO

Tent.)Wellith URBAN Kinchicho

ACCESS: Kinshicho note Line Yama

Toky o Me tro H anzo mon Line

JR

Shinjuku

Shibuya

Shin-osaka

Kinshicho

Akihabara

Iidabashi

Otemachi Tokyo

Suitengu-Mae

id

e Rap

bu Lin

JR So

e

bu Lin

uo So

JR Ch

Offering

Shinbashi

Shinagawa

sen

Shinkan

Access to major stations

Tokyo

Akihabara

JR Sobu Line Rapid

6 mins

Otemachi

JR Chuo Sobu Line

Tokyo Metro Hanzomon Line

Shinbashi

Shinagawa

Shinjuku

JR Sobu Line Rapid

JR Sobu Line Rapid

JR Chuo Sobu Line / JR Sobu Line Rapid Transit at Ochanomizu sta.

7mins

12 mins

17 mins

12 mins

19 mins

Train times are based on normal daytime hours and may vary depending on the time of day. Transit and waiting times are not included.

21

Surrounding Area:Kinshicho

PARCO Kinshicho

Sarue Onshi Park - Japanese Garden

AREA MAP

Olinas Tower

JR Chuo Sobu Line

Olinas Mall

Sumida Sogo Gymnasium Kinshi Park

JR Sobu Line Rapid

Tokyo Metro Hanzomon Line

Arcakit

JR Yamanote Line

Kinshicho sta.

Termina Marui

Offering

PARCO

Approx. 2 mins walk

Plaza Building

Bokuto Hospital

Tokyo Sky Tree Akihabara sta.

Kinshicho sta.

Otemachi sta.

Offering

Tokyo sta.

Ginza sta.

Shinbashi sta.

22

PREMIER RESIDENTIAL PORTFOLIO

N

Tent.)Wellith URBAN Kinchicho

Sumida Sogo Gymnasium

Sumida Hokusai Art Museum

Arcakit Kinshicho

Olinas Mall, Olinas Tower

SEIYU Kinshicho

Kishi Park 23

Area Map

Area Map - Kinshicho

Shinbashi sta

Offering

Sarue Onshi Park Bokuto Hospital

24

PREMIER RESIDENTIAL PORTFOLIO

PARCO

Tent.)Wellith URBAN Kinchicho

a.

Tokyo sta.

Otemachi sta.

Marui

Arcakit Kinshicho Kinshicho sta.

Olinas Tower

Kinshi Park

Sumida Sogo Gymnasium Olinas Mall

25

Kinshi park

SUBMARKET The largest commercial concentration in the East Tokyo area

Kinshicho

The Kinshicho area has a high concentration of commercial facilities such as Olinas Mall, PARCO, Marui, and Arcakit, making it an extremely convenient place to live.

The property is located in a very rare type of location in Tokyo - an area where business and residential areas of similar scale are adjacent .

Convenient access to three lines - JR and Metro

Close to the center of Tokyo: the JR Sobu Line rapid train delivers you to Tokyo station in 7 min. and Shimbashi station in 12 min; the JR Chuo Sobu Line directly connects to Akihabara station and

Shinjuku station on the Yamanote Line. The Tokyo Metro Hanzomon Line connects to Otemachi station. It is very convenient for transportation, with many routes available.

Rich natural parks and cultural spots

Kinshi Park on the north side of Kinchicho station is famous for its cherry blossoms and is a place of recreation and relaxation for residents, and also hosts events on holidays.

Ryogoku, where the Budokan and Edo Tokyo Museum are located, and Tokyo Skytree Town, with an aquarium and exhibitions, are also within easy reach - making the area attractive for residents to spend their valuable days off.

City evolving with new store openings and redevelopment

Development continues, with PARCO opening with more than 100 tenants in 2019 and the opening of the Plaza Building on the corner of the intersection in front of the station in 2020.

For offices, the reconstruction of the Sumitomo Mitsui Banking Corporation branch building took

place in 2020 and the Kinshicho Development Project is scheduled to complete in 2022, by Hulic.

26

The area attracts more and more attention.

PREMIER RESIDENTIAL PORTFOLIO

Tent.)Wellith URBAN Kinchicho

Olinas Tower Olinas Mall

Kinshi park

Arcakit West

Arcakit Kinshicho

PPP Office Development Plan (by Hulic)

Offering

Arcakit East

Kinshicho sta.

Termina PARCO Marui

Plaza Building

Bokuto Hospital

Kinshicho Interchange

N

Commercial Facility

Educational Institution

Public Facility

Highway Interchange

Clinic

Olinas

Termina

Large Office Building

PARCO 27

Wellith URBAN Otsuka Te n t . )

28

PREMIER RESIDENTIAL PORTFOLIO

The exterior image is based on design drawings and may differ from the actual building.

29

PORTFOLIO SUMMARY

Tent. )

Wellith URBAN Otsuka Total 55 units + 1 units Type

No. of Units

Commercial units

1

1LDK

NRA

55

30.07 ~ 34.17㎡ 29.65㎡

Residential units 55: Approx.1,746.47㎡ / 528.31 tsubo

The WIC is equipped with a power outlet so that it can be used as a teleworking workspace

Commercial units: 29.65㎡ / 8.96 tsubo

A counter in the room can be utilized as a desk. エアコン室内機 Air conditioner indoor unit エアコン室外機 Air conditioner outdoor unit 給湯機 Hot water supply system

Property name

Tent.) Wellith URBAN Otsuka

Address

2-18, Kita-Otsuka, Toshima-ku, Tokyo (undecided)

Lot number

2-18-5, Kita-Otsuka, Toshima-ku, Tokyo

Access Use

Scheduled completion Structure Facilities

30

All drawings shown are plans and are subject to change due to design and construction reasons.

3 mins walk from “Otsuka” sta. on JR Yamanote line 2 mins walk from “Sugamoshinden” sta. on Toden Arakawa line Residential / Retail

2022 / 11 (Scheduled) Reinforced concrete / 12 stories

Land area*

303.19㎡/91.71 tsubo

GFA

2,097.72㎡/634.56 tsubo

NRA (total)

1,776.12㎡/537.28 tsubo

NRA (Residential)

1,746.47㎡/528.31 tsubo

NRA (Retail)

29.65㎡/8.97 tsubo

Total no. of units

55

Car parking, etc.

Car Parking 2 lots, Bicycle parking 55 lots

Exclusive area : Intercom with TV monitor / Single lock / Dimple key / Semi-automatic bath / Bathroom dryer / Independent washstand / Bath and toilet separated / Toilet washlet / Artificial marble kitchen countertops / Highcleanliness kitchen panel / Motion sensor / Picture rail / Free internet access Common area : Delivery box (22 units) / Security camera

*There is a possibility that the site area will change after the border crossing is eliminated.

PREMIER RESIDENTIAL PORTFOLIO

Tent.)Wellith URBAN Otsuka

ACCESS: Otsuka Otsuka

JR Yamano te L ine

Ikebukuro

Toei Arakawa Line

Offering

Otsukaekimae

Shin-otsuka

Akihabara

Waseda

Shinjuku

Toky o

Iidabashi Metr o Ma

Shibuya

Ueno

runo

uchi

Line

Ginza

To Yu kyo rak Me uc tro ho Lin e

Shinagawa

sen Shinkan

Shin-Osaka

Tokyo

Nagatacho

Access to major stations

Ikebukuro

3 mins

Shinjuku

JR Yamanote line

12 mins

JR Yamanote line

JR Yamanote line

Shibuya

Tokyo

Akihabara

JR Yamanote line

JR Yamanote line

19 mins

JR Yamanote line

21 mins

Ueno

14 mins 17 mins

Train times are based on normal daytime hours and may vary depending on the time of day.

31

Surrounding Area:Otsuka

Otsuka Station Square

Atrevie

AREA MAP

Sugamoshinden sta.

N

JR Yamanote Line

Kita-Otsuka 2-chome park

Approx.

3 min. walk

Toden Arakawa Line

Tokyo Metro Marunouchi Line

Offering

Tokyo Metro Yurakucho Line

. lk ox a pr . w Ap min 4

My Basket

Atrevie

Offering

Sugamoshinden sta.

Fresh Food Hall Seine Ishin Hospital

Otsuka sta.

Tenso Shrine

Sugamo Park

Sugamo Police Station

Shopping Street

Otsuka sta.

Ikebukuro sta.

Sunshine city

HigashiIkebukuro sta.

32

PREMIER RESIDENTIAL PORTFOLIO

Shin-Otsuka sta.

N

Tent.)Wellith URBAN Otsuka

OMO5 Tokyo Otsuka By Hoshino Resort

Sunshine Aquarium

OMO5 Tokyo Otsuka By Hoshino Resort

Fresh Food Hall Seine / Gold's Gym

Toshima Sugamo Library

Racines Farm

Tenso Shrine 33

Area Map

AREA MAP - Otsuka Shibuya

Shinjuku

Toshima Geeen D Prevention Pa (Ike Sunpark

Atrevie

Otsuka sta.

34

PREMIER RESIDENTIAL PORTFOLIO

Tent.)Wellith URBAN Otsuka

Ikebukuro sta.

Sunshine City

Disaster ark k)

Offering

Sugamoshinden sta.

35

Otsuka Station Square

SUBMARKET

Otsuka

Convenient access to the Yamanote Line, central Tokyo’s main artery

Access to Otsuka station on the Yamanote Line, which connects to major stations in the center of

Tokyo, is a key advantage . Ikebukuro station, one of Tokyo's most prominent major terminals, is only one stop away - an easy transfer to other parts of Tokyo. Accessibility will expand the range of potential tenants who place importance on their commute.

Commercial concentration of buildings and shopping districts

Atrevie, in front of the station, offers everything from food to clothing; supermarkets, post offices, clinics, etc. abound in the area around the property. The south side of the station has three

prominent shopping streets, where many famous local stores and popular shops are concentrated, appealing to a wide range of people.

Terminal Station Ikebukuro, Shinjuku, Shibuya Part of the Lifestyle Area

With department stores such as Tobu and Seibu and commercial facilities such as Sunshine City,

Ikebukuro is one of the most prosperous areas in Tokyo and is very convenient for residents on

their holidays. The location also offers convenient commuting to Shinjuku and Shibuya, making the property highly appealing to business people working in the city center.

Revitalized by station-front redevelopment

Redevelopment and new store openings are accelerating following the completion of the plaza in front of the north station exit in March 2021. Hoshino Resort's hotel "OMO5" and "Tokyo Otsuka

Noren Street" were created by renovating 10 old private houses. The area as a whole is vibrant and 36

attracting a lot of attention.

PREMIER RESIDENTIAL PORTFOLIO

Tent.)Wellith URBAN Otsuka

Sugamoshinden sta.

Offering

Toshima Sugamo library

Fresh Food Hall Seine

My Basket Otsuka Kitaguchi Store

Toshima Sugamo Park

Otsuka sta.

Toshima-ku office

Atrevie

Sugamo Police Station

Shopping district My Basket Otsukaekiminami Store

N

Commercial Facility Clinic

Otsuka station

Atrevie

Public Facility

Educational Institution

Toshima Sugamo Library 37

" High quality

residential assets in enviable central Tokyo locations

"

38

PREMIER RESIDENTIAL PORTFOLIO

Prestigious Central Tokyo Locations

Exceptional Quality Portfolio

Ideal Core Investment

Rare Opportunity to Achieve Immediate Scale

Strong NOI Enhancement Potential

39

APPENDIX

Properties in the same series (Example:Wellith URBAN Nak

Entranc

Exterior

Faucet

Co-working space 40

PREMIER RESIDENTIAL PORTFOLIO

Intercom

kanosakaue)

Kitchen “Enamel”

ce / Face recognition system / Windshield room

m

Living space

Shoe shelf

Lavatory 41

APPENDIX

Properties in the same series (Example:Wellith URBAN N

Entranc

Hotel-like Inner hllway

Front-e

Toilet w

Delivery Box 42

PREMIER RESIDENTIAL PORTFOLIO

Storage Behind Washbasin Mirror

Air-con

Nakanosakaue)

Soft-close Storage

ce smart key

entry mirror

Automatic bath

Bathroom Dryer

washlet

nditioner

Kitchen Stove 43

APPENDIX

About the developer, NTT Urban Development

NTT Urban Development

NTT Urban Development is a general developer established in 1986 as a general real estate company of the

NTT Group. NTT Urban Development is involved in a wide range of businesses, including office building development and leasing, retail, residential, global business, and hotel and resort business. We are also strong in development projects utilizing idle land and former company housing sites owned by the NTT Group that are located in favorable locations.

Approximately 60 projects underway nationwide NTT Group Resources

Telephone stations：7,000

Sapporo

Offices: 1500 locations

Former Hokkaido Broadcasting Co., Ltd. Headquarters Site Redevelopment Development of multiple cash registers

Number of contracts with local governments：78

Group affiliates in each area/Affiliates

Osaka

Sendai

OsakaHouenzaka-kita Specific Area Project Reconstruction of the former NTT West Head Office Building (hotel, etc.)

Urbannet Midosuji Building (office) Kyomachibori 1-chome Project (hotel)

Hiroshima

Tokyo

s

NEW HIROSHIMA GATEPARK Project [Former Hiroshima Baseball Stadium Site Development Project]

Fukuoka

FukuokaArea Management of 7 Tenjin Area Properties Hakata East Terrace (office)

44

Urbannet Sendai Chuo Building [Sendai Urban ReconstructionProject No. 1] (Office)

PREMIER RESIDENTIAL PORTFOLIO

Nagoya

WITH HARAJUKU (retail/residential), Otemachi PlaceMinami Aoyama Area Redevelopment, Shinagawa Area ManagementUchisaiwaicho 1-chome District [TOKYO CROSS PARK], Tokyo(office, retail, hotel, etc.)

Japan Urbannet Nagoya Nexta Building (Office)

Kyoto

Shinpukan (hotel/commercial), The Hotel Seiryu Kyoto Shimizu [Former Kyoto Municipal Shimizu Elementary School utilization], Kyoto Former Shindo Elementary School site utilization plan

WITH HARAJUKU

A multi-use facility characterized by landscaped green slopes with retail, residences, and work spaces arranged in a three-dimensional layout.

Taking advantage of its location surrounded by

the vast woods of Meiji Jingu, the luxury-brand retail of Omotesando, and Takeshita-dori Avenue,

the center of street culture, the Passage runs the length and breadth of the building, enhancing the circulation of the local community.

Otemachi PLACE

Along with comfortable office space, the building is equipped with the largest international conference facilities in the Otemachi area. The lower floors contain unique stores and restaurants, creating a lively space based on the concept of “Connect".

The Hotel Seiryu Kyoto Kiyomizu

A modern hotel that preserves and utilizes the

former Kyoto Municipal Shimizu Elementary School building - reborn as a high-quality heritage property.

The rooftop bar and restaurant offer panoramic

views of the Kyoto cityscape, where guests can enjoy cherry blossoms in spring, the Gozan Okuribi bonfire in summer, and the autumn leaves in fall.

45

APPENDIX

About the developer, NTT Urban Development

Residential Condominium Business: Wellith Series

“Wellith” is a condominium brand created by NTT Urban Development in 2001. Wellith is a brand of newly built-condominiums and detached houses for sale; Wellith URBAN is a rental residential housing brand; Wellith OLIVE is a senior housing brand; and Wellith IVY is a student housing brand.

Wellith combines the words "Well (comfortable)" and "With (together)." With the message of "Comfortable now and in the future," Wellith has provided more than 15,000 high-quality, ‘universal’ residences in over 150 buildings to-date.

10 buildings in the Wellith series have received the Good Design Award, including Wellith Ichigaya

Kagamachi (awarded in 2021). We have made "environmental creations" one of our key areas of focus, and have taken energy-conscious measures such as the use of energy-saving lighting fixtures, the introduction of motion-sensor lighting in areas where constant lighting is not required, and enhanced heat resistance

performance. In addition, we are publicizing our ZEH-M (Net Zero Energy House - Residence) initiative plans and achievements, and are registered as of FY2021 as a ZEH developer that will play a central role in the formation of projects

Rental Housing Business : Wellith URBAN Series

In 2021, we launched a new urban rental housing series, “Wellith URBAN”, under the Wellith brand.

While retaining the core identity of Wellith - to create a home where people can live "comfortably

together for a long time“- we will continue to develop the new condominium series under the new Wellith URBAN brand.

Wellith URBAN provides "a safe and secure home for a high quality of life" that meets the diverse needs of customers in the “new normal” era.

In addition to high-specification facilities and equipment, Wellith URBAN also offers initiatives responding to the “new normal”.

The building offers co-working spaces and floor plans that support remote work, next-generation services such as face recognition security systems, smart key systems, and other features.

In just about a year since the series was launched more than 10 Wellith URBAN buildings are already scheduled to be developed.

46

PREMIER RESIDENTIAL PORTFOLIO

Wellith One Aoyama (condominiums)

A residence in Aoyama boasting three-dimensional

greenery. The location is surrounded by large

green areas such as Meiji Jingu Gaien and Aoyama Cemetery Park. The property's green architecture

fosters a sustainable living space that is perfectly

Wellith Daikanyama Sarugakucho (condominiums)

tailored for its location.

A residence located in Daikanyama, an upscale

residential area and developed commercial area that gives birth to culture.

This is an area-wide urban development project includes the Daikanyama T-SITE, a co-developed commercial facility, and has also helped to revitalize the area.

HARUMI FLAG (condominiums)

An urban development project created through

the Harumi Gochome-nishi Ward Category 1 Urban Area Redevelopment Project. With excellent access

to the city center, it’ s surrounded by the sea on

three sides, a great living environment where you can enjoy views of Tokyo Bay. With a total of 4,145 housing units, some as large as 85 sqm., the project will serve as a new flagship for urban lifestyle.

Wellith Ivy Hatanodai (student housing)

NTT Urban Development first student housing project

in the Tokyo metropolitan area. Using Information &

Communication Technology to create a “new normal”

lifestyle, we provide a “high quality student living

environment” that meets the needs of students and their families - including physical and mental health - in

a safe and secure environment and community where they can interact with each other with peace of mind.

47

APPENDIX

About the developer, NTT Urban Development

Overseas Business

We are actively developing our global business focused on the U.K., the U.S., and Australia. Value-add through renewal of office buildings, portfolio holdings of stable properties, and residential land sales. We maximize the value of properties by leveraging the know-how we have cultivated in Japan.

United Kingdom

USA

London

Boston New York

Dallas

Washington D.C.

Australia Melbourne

Canberra

Asset Trends and Portfolio

UDA: Approx.

465 million AUD UDE: Approx.

218 million GBP UDUSA: Approx.

855 million USD

2009

2010

2011

2012

UDUSA : UD USA Inc.

2013

2014

2015

2016

UDE : UD Europe Limited

2017

2018

2019

2020

2021

UDA : UD Australia Pty Limited

Fiscal 2010 to fiscal 2019 are as of March 31. Fiscal 2021 is as of December 31.

48

PREMIER RESIDENTIAL PORTFOLIO

London

20 Finsbury Circus

1 King William Street

265 Strand

103 Mount Street

130 Wood Street

1 King William Street

20 Finsbury Circus

New York

130 Wood Street

575 Lexington Avenue One Farley Square

125 West 25th Street

799 Broadway

120 5th Avenue 175 Pearl Street

799 Broadway

Boston

175 Pearl Street

27 School Street Two Oliver Street

575 Lexington Avenue

120 5th Avenue

10 Post Office Square 185 Dartmouth Street

Two Oliver Street

141 Tremont Street

185 Dartmouth Street Neponset Landing

49

APPENDIX

MACRO DATA

Rent Index

Residential rents are stable compared to office.

2007 = 100 2007 = 100

オフィス（GradeA、東京23区 ) Office (GradeA, Tokyo 23 wards) 住宅（分譲マンションタイプ、東京23区） Residential (Condominium, Tokyo 23 wards)*

120 110 100 90 80 70 60 50

Office (GradeA, Tokyo 23 Wards)

Residential (Condominium, Tokyo 23 Wards)

Occupancy Rate Index

TOKYO KANEI, CBRE, 4Q 2021

Residential occupancy rates remain stable at high levels.

Koekizaisdanhoujin Japan Rental Residence Management Association (Occupancy Ratio, Property not master leased, June 2021)

Condominium Index

Prices for used condominiums continue to rise.

TOKYO KANTEI, Q4 2021

Investment Preferences by Sector

Popularity of residences with stable cashflow accelerated due to the COVID-19 pandemic.

Industrial and logistics Office Residential Hotels / Resorts Others Retail

2019

2020

2021

JAPAN INVESTOR INTENTIONS SURVEY, CBRE, February 2021

APPENDIX

MACRO DATA

Station Ridership Data Suitengu-Mae sta.

Kinshicho sta.

Otsuka sta.

Source: Tokyo Metropolitan Statistical Yearbook

Source: Tokyo Metropolitan Statistical Yearbook

Source: Tokyo Metropolitan Statistical Yearbook

Population Data

Suitengu Area: Saga, Fukusumi, Kiyosumi

Source: Number of households, population and population density in address, Koto-ku

Kinshicho Area: Kotobashi 1-4chome

Otsuka Area: Kita-Otsuka 1-2chome

Source: Monthly household population, Sumida-ku

Source : Households and population by address, Toshima-ku

[ DISCLAIMER ] This document has been prepared by CBRE K.K. (CBRE). The content of this document has been derived, in part, from sources other than CBRE and may be based on assumptions. In passing this information on, CBRE do not warrant that such information or assumptions are accurate or correct.

Parties should seek their own independent verifications and advice on such information. To the extent that this document includes any statement as to a future matter, that statement is provided as an estimate and/or opinion based upon the information known to CBRE at the date of preparing this document and assumptions which may be correct. CBRE do not warrant that such statements are or will be accurate or correct. In addition, as this proposal is a proprietary document of CBRE, CBRE provide this document on the condition that, CBRE disclaim liability under any cause of action including negligence for any loss arising from reliance upon this document. This confidential document is for the sole use of persons directly provided with it by CBRE and is not to be supplied to any other person without the prior written consent of CBRE. Use by, or reliance upon this document by any other person is not authorized by CBRE, and without limitation to the above disclaimers, CBRE are not liable for any loss arising from such unauthorized use or reliance.

May 2022