History/Directors' Profile

History

May 11, 2001	Japan Real Estate Investment Corporation (JRE) established (Incorporated by Japan Real Estate Asset Management Co., Ltd.)
June 18, 2001	Registration under Article 187 of the Law Concerning Investment Trusts and Investment Corporations of Japan was approved by the Prime Minister of Japan. (Registration Number: No. 3, Director of the Kanto Local Finance Bureau)
August 29, 2001	First revision of the Articles of Incorporation
September 7, 2001	Payment due date for investment units (Initial Public Offering) (Number of units issued: 160,000 units, net proceeds: ¥81,060,000,000)
September 10, 2001	Listed on the Tokyo Stock Exchange (Real Estate Investment Trust Section)
September 10, 2001	Start of asset investment (acquired one piece of real property and 4 trust beneficiary rights in real estate)
May 7, 2002	Payment due date for public follow-on offering of new units (Number of units issued: 65,000 units, net proceeds: ¥30,892,420,000)
March 28, 2003	Second revision of the Articles of Incorporation
October 24, 2003	Payment due date for public follow-on offering of new units (Number of units issued: 35,000 units, net proceeds: ¥21,295,960,000)
April 26, 2005	Payment due date for public follow-on offering of new units (Number of units issued: 85,000 units, net proceeds: ¥68,024,480,000)
May 10, 2005	Third revision of the Articles of Incorporation
October 24, 2006	Payment due date for public follow-on offering of new units (Number of units issued: 64,600 units, net proceeds: ¥63,211,100,000)
March 27, 2007	Fourth revision of the Articles of Incorporation
March 12, 2008	Payment due date for public follow-on offering of new units (Number of units issued: 33,000 units, net proceeds: ¥32,917,500,000)
March 17, 2009	Fifth revision of the Articles of Incorporation
December 8, 2009	Payment due date for public follow-on offering of new units (Number of units issued: 42,000 units, net proceeds: ¥24,319,680,000)
December 22, 2009	Payment due date for follow-on offering of new units (Third-party allocation) (Number of units issued: 4,200 units, net proceeds: ¥2,431,968,000)
March 15, 2011	Sixth revision of the Articles of Incorporation

Directors' Profile

(As of May 11, 2011)

Executive Director	Noritada Terasawa	April 1967 Joined the Japan Development Bank June 1991 Director General, Office of Secretariat, the Japan Development Bank May 1994 Director General, Loan Department for Urban Development, the Japan Development Bank June 1995 Director General, Planning & Coordination Department, the Japan Development Bank May 1998 Senior Executive Director, the Japan Development Bank October 1999 Senior Executive Director, Development Bank of Japan June 2002 Deputy Governor, Development Bank of Japan June 2004 Senior Counselor, Development Bank of Japan Auditor, Ikyu Corporation (current job) January 2005 Retired as Senior Counselor to Development Bank of Japan February 2005 General Advisor to Mitsubishi Estate Co., Ltd. (current job) March 2005 Chairman of the Board, Towa Real Estate Development Co., Ltd. April 2005 Visiting Professor, Faculty of Policy Studies, Chuo University (current job) March 2009 Retired as Chairman of the Board, Towa Real Estate Development Co., Ltd. June 2009 Chairman of the Board, Mitsubishi Jisho Towa Community Co., Ltd. (subsequently changed its name to Mitsubishi Jisho Community Co., Ltd.) May 2011 Retired as Chairman of the Board, Mitsubishi Jisho Community Co., Ltd. May 2011 Appointed as Executive Director of Japan Real Estate Investment Corporation
Supervisory Director	Kenji Kusakabe	April 1986 Joined Tokyo Bankers Association Inc. June 1988 Resigned from Tokyo Bankers Association Inc. October 1989 Joined Showa Ota & Co. (subsequently changed its name to Ernst & Young ShinNihon LLC) July 1996 Resigned from Showa Ota & Co. September 1996 Set up Kusakabe CPA Office (current job) May 2001 Appointed as Supervisory Director of Japan Real Estate Investment Corporation
Supervisory Director	Tomohiro Okanoya	April 1986 Completed the course of the Supreme Court's Legal Research and Training Institute Registered as a lawyer (Tokyo Bar Association) Joined Kawamura Law Office (current job) May 2005 Appointed as Supervisory Director of Japan Real Estate Investment Corporation