Notice on Acquisition, Transfer and Leasing of Domestic Real Estate Trust Beneficiary Interests through Exchange, etc.

Section Title

This disclosure informs the summary of the portfolio strategic replacement via exchange through Hulic Reit, Inc.’s asset management company, including the overview of acquisition and leasing. Target assets include real estate trust beneficiary interests in QUARTZ SHINSAIBASHI in Osaka/Shinsaibashi and East Net Building in Tokyo-Toyocho, with Hulic Co., Ltd. as the exchange counterparty. The total planned acquisition price is about 48,600 million yen; the inclusion of transferred assets and leasing terms is described as part of a long-term strategy to enhance portfolio growth and profitability.

Section 2 Title

The objective of this exchange is to strengthen competitiveness based on location and asset characteristics and to improve mid- to long-term profitability. QUARTZ SHINSAIBASHI is a large-scale integrated building connected directly to Osaka Metro Shinsaibashi Station, with high recognition and rental demand anticipated, while assets subject to transfer include properties with concerns about depreciation burden and rising maintenance costs due to age. Going forward, the operation policy aims to optimize profitability and risk management of the post-exchange portfolio, with only a minimal impact expected on the FY2027 February period outlook.