Nippon Hotel & Residential Investment Corporation

Nippon Hotel & Residential Investment Corporation is a real estate investment trust with capital investment of 200 million yen and 2,000 units issued. It was established on March 29, 2016, under the Act on Investment Trusts and Investment Corporations (Act No. 198 of 1951, as amended) and completed registration with the Kanto Local Finance Bureau on May 13, 2016 (Registration Number: Kanto Local Finance Bureau Director-General No. 119). The Investment Corporation issued 174,200 new investment units through a public offering with a payment deadline of August 30, 2016, and was listed on the Real Estate Investment Trust Securities Market of the Tokyo Stock Exchange, Inc. on August 31, 2016 (Stock Code: 3472). In the 15th fiscal period (ending November 2023), it acquired four properties, including rental housing, with a total acquisition price of 4,898 million yen. In the 18th fiscal period (ending May 2025), it issued a total of 75,676 new investment units through a public offering with payment due on December 2, 2024, and a third-party allotment with payment due on December 30, 2024, and acquired eight properties, including two hotels and six rental housing, with a total acquisition price of 13,108 million yen. During the fiscal period under review, the Investment Corporation transferred two properties, including hotels, for a total transfer price of 1,897 million yen, and acquired one property, including hotels, and one property, including rental housing, for a total acquisition price of 2,020 million yen. As of the end of the fiscal period under review, it held 23 properties under management with a total acquisition price of 49,251 million yen, and the total number of investment units issued and outstanding was 311,023.