Structure

- (1) Asset management agreement
- (2) A.Pipeline support agreement with Kowa Real Estate
B.Pipeline support agreement with Sekisui House
C.Pipeline support agreement with Mizuho Trust & Banking
- (3) Agreement with Mizuho Research Institute for provision of market and other information
- (4) Agreement to entrust administrative duties and asset custody
- (5) Agreement to entrust administrative of unitholders' register


- Number of Properties
- 23
- Asset Size
- 215,406 million yen
- as of December 20, 2011
- Occupancy Rate
- 93.8%
- as of December 31, 2011