Major Management Indicators

Operating Revenues

Operating Income

Net Income / Distributions per Investment Unit (after unit split)

(Note1)	Negative good will gains of 12,341 million yen does not included during 9th fiscal period.
(Note2)	Impairment loss of 2,483 million yen and gain on sales of properties of 1,688 million yen do not included during 10th fiscal period.
(Note3)	Gain or loss from sales of properties of 654 million yen does not included during 12th fiscal period.

Net Assets / Net Assets per Investment Unit (after unit split)

Period Fiscal Period End		Units	1st FP	2nd FP	3rd FP	4th FP	5th FP	6th FP	7th FP	8th FP	9th FP	10th FP	11th FP	12th FP
Operating Results	Operating Revenues	(million)	2,467	2,205	3,526	3,770	3,702	3,577	3,494	3,528	4,618	5,632	5,632	5,763
	Of the above, rental revenues	(million)	2,467	2,205	2,944	3,587	3,702	3,577	3,494	3,528	4,603	5,597	5,632	5,758
	Operating Expenses	(million)	1,248	1,091	1,614	1,963	2,035	2,141	2,282	2,226	3,037	4,951	3,345	3,930
	Of the above, property-related expenses	(million)	1,043	834	1,261	1,499	1,578	1,640	1,730	1,679	2,393	2,552	2,610	2,606
	Operating Income	(million)	1,218	1,114	1,911	1,806	1,666	1,436	1,212	1,301	1,580	680	2,287	1,833
	Ordinary Income	(million)	655	886	1,462	1,396	1,014	810	499	682	711	-237	1,447	1,006
	Net Income	(million)	653	885	1,461	1,395	1,013	758	480	679	13,005	-2,785	1,465	1,005
Financial Status	Total Assets	(million)	59,307	62,586	95,972	112,029	123,649	113,543	111,914	114,322	165,441	159,804	163,975	163,507
	Period-over-period	(%)	0.0	5.5	53.3	16.7	10.4	-8.2	-1.4	2.2	44.7	-3.4	2.6	-0.3
	Net Assets	(million)	28,402	28,617	48,752	48,676	60,554	60,302	60,034	66,236	90,245	86,735	86,770	86,311
	Period-over-period	(%)	0.0	0.8	70.4	0.2	24.4	-0.4	-0.4	10.3	36.2	-3.9	0.0	-0.5
	Total Capital	(million)	27,748	27,748	47,307	47,307	59,557	59,557	59,557	65,557	70,557	70,557	70,557	70,557
Per-Unit Information	Investment Units Issued	(Units)	61,400	61,400	97,477	97,477	167,477	167,477	167,477	233,340	1,330,800	1,330,800	1,330,800	1,330,800
	Net Assets per Unit	(Yen)	115,646	116,519	125,035	124,841	90,392	90,015	89,615	70,965	67,813	65,175	65,202	64,856
	Net Income per Unit	(million)	653	885	1,461	1,395	1,013	758	480	679	723	1,430	1,465	1,680
	Distributions per Unit	(Yen)	2,662	3,606	3,748	3,578	1,513	1,131	717	727	544	1,075	1,101	1,263
	Of the above, distribution of profits per unit	(Yen)	2,662	3,606	3,748	3,578	1,513	1,131	717	727	544	1,075	1,101	1,263
	Of the above, excess-profit distribution per unit	(Yen)	0	0	0	0	0	0	0	0	0	0	0	0
Financial Indicators	Return on Assets (Note)	(%)	1.3(1.7)	1.5(2.9)	1.8(3.7)	1.3(2.7)	0.9(1.7)	0.7(1.4)	0.4(0.9)	0.6(1.2)	0.5(1.0)	-0.1(-0.3)	0.9(1.8)	0.6(1.2)
	Return on Equity (Note)	(%)	3.5(4.4)	3.1(6.2)	3.8(7.5)	2.9(5.7)	1.9(3.7)	1.3(2.5)	0.8(1.6)	1.1(2.2)	16.6(33.2)	-3.1(-6.3)	1.7(3.4)	1.2(2.3)
	Capital adequacy ratio at the end of the period	(%)	47.9	45.7	50.8	43.4	49	53.1	53.6	57.9	54.5	54.3	52.9	52.8
	Period-over-period	(%)	0.0	-2.2	5.1	-7.3	5.5	4.1	0.5	4.3	-3.4	-0.3	-1.4	-0.1
	Payout ratio	(%)	100.0	100.0	100.0	100.0	100.0	100.0	100.0	99.8	4.7	-	100.0	167.1
Reference Information	Number of investment properties	(Unit)	63	66	107	128	131	131	131	134	185	181	183	177
	Depreciation for the period	(million)	475	391	574	720	753	774	775	772	937	1,062	1,049	1,086
	Interest-bearing debt	(million)	29,440	32,620	45,420	61,441	61,441	51,530	50,335	46,385	72,225	70,241	74,239	74,342