Occupancy Rate

Trend at Period-end

Monthly Trend

Monthly Trend

21st Period	End of Oct 2011	End of Nov 2011	End of Dec 2011	End of Jan 2012	End of Feb 2012	End of Mar 2012
Number of Properties	56	57	57
Total Number of Tenants	1,006	1,024	1,027
Total Leasable Space (m2)	584,201	629,741	629,720
Occupancy Rate	94.3%	94.2%	93.9%

20th Period	End of Apr 2011	End of May 2011	End of Jun 2011	End of Jul 2011	End of Aug 2011	End of Sep 2011
Number of Properties	56	56	56	56	56	56
Total Number of Tenants	998	998	997	998	1,001	1,009
Total Leasable Space (m2)	584,868	584,918	584,938	584,940	584,970	584,982
Occupancy Rate	93.6%	93.8%	93.6%	93.8%	93.8%	94.6%

19th Period	End of Oct 2010	End of Nov 2010	End of Dec 2010	End of Jan 2011	End of Feb 2011	End of Mar 2011
Number of Properties	55	55	55	55	56	57
Total Number of Tenants	985	987	989	983	986	1,004
Total Leasable Space (m2)	567,613	567,613	567,613	567,617	584,416	589,002
Occupancy Rate	91.7%	92.0%	92.2%	92.2%	92.4%	93.2%

18th Period	End of Apr 2010	End of May 2010	End of Jun 2010	End of Jul 2010	End of Aug 2010	End of Sep 2010
Number of Properties	55	55	55	55	55	55
Total Number of Tenants	980	981	981	983	983	992
Total Leasable Space (m2)	566,216	567,593	567,617	567,624	567,612	567,612
Occupancy Rate	92.4%	91.6%	91.6%	91.7%	91.6%	92.4%

17th Period	End of Oct 2009	End of Nov 2009	End of Dec 2009	End of Jan 2010	End of Feb 2010	End of Mar 2010
Number of Properties	55	55	55	55	55	55
Total Number of Tenants	974	966	966	964	967	979
Total Leasable Space (m2)	516,421	516,422	516,460	540,565	540,565	566,277
Occupancy Rate	92.6%	91.7%	91.8%	92.0%	91.9%	93.0%

16th Period	End of Apr 2009	End of May 2009	End of Jun 2009	End of Jul 2009	End of Aug 2009	End of Sep 2009
Number of Properties	55	55	55	55	55	55
Total Number of Tenants	992	987	987	979	977	977
Total Leasable Space (m2)	516,440	516,441	516,423	516,421	516,421	516,421
Occupancy Rate	95.5%	95.2%	94.8%	93.9%	93.6%	93.3%

15th Period	End of Oct 2008	End of Nov 2008	End of Dec 2008	End of Jan 2009	End of Feb 2009	End of Mar 2009
Number of Properties	54	54	55	55	55	55
Total Number of Tenants	969	966	990	987	986	993
Total Leasable Space (m2)	508,285	508,236	516,344	516,344	516,409	516,411
Occupancy Rate	95.3%	95.2%	95.5%	95.2%	95.0%	95.5%

14th Period	End of Apr 2008	End of May 2008	End of Jun 2008	End of Jul 2008	End of Aug 2008	End of Sep 2008
Number of Properties	53	53	53	53	53	54
Total Number of Tenants	930	930	934	934	934	970
Total Leasable Space (m2)	479,934	479,932	479,932	479,932	479,881	508,296
Occupancy Rate	96.4%	96.3%	96.3%	95.5%	95.7%	96.1%

13th Period	End of Oct 2007	End of Nov 2007	End of Dec 2007	End of Jan 2008	End of Feb 2008	End of Mar 2008
Number of Properties	50	50	51	51	53	53
Total Number of Tenants	876	879	884	883	884	931
Total Leasable Space (m2)	406,586	406,578	427,376	427,798	427,715	479,877
Occupancy Rate	98.5%	98.7%	97.7%	97.8%	98.1%	95.9%

12th Period	End of Apr 2007	End of May 2007	End of Jun 2007	End of Jul 2007	End of Aug 2007	End of Sep 2007
Number of Properties	50	50	51	51	51	50
Total Number of Tenants	882	883	895	897	897	879
Total Leasable Space (m2)	398,114	398,137	410,075	410,074	410,074	406,605
Occupancy Rate	97.5%	97.0%	98.3%	98.4%	98.5%	98.7%

11th Period	End of Oct 2006	End of Nov 2006	End of Dec 2006	End of Jan 2007	End of Feb 2007	End of Mar 2007
Number of Properties	50	50	50	50	50	50
Total Number of Tenants	878	878	876	880	877	887
Total Leasable Space (m2)	402,159	404,232	404,148	404,148	404,157	397,928
Occupancy Rate	97.8%	97.8%	98.0%	97.3%	97.6%	97.8%

10th Period	End of Apr 2006	End of May 2006	End of Jun 2006	End of Jul 2006	End of Aug 2006	End of Sep 2006
Number of Properties	52	52	48	48	48	49
Total Number of Tenants	870	866	830	827	821	835
Total Leasable Space (m2)	410,452	410,459	392,352	392,352	392,352	396,173
Occupancy Rate	98.9%	98.6%	98.6%	98.2%	98.4%	98.2%

9th Period	End of Oct 2005	End of Nov 2005	End of Dec 2005	End of Jan 2006	End of Feb 2006	End of Mar 2006
Number of Properties	50	50	50	50	52	52
Total Number of Tenants	815	815	823	821	863	866
Total Leasable Space (m2)	364,610	364,592	364,592	364,587	400,090	400,090
Occupancy Rate	98.4%	98.3%	98.5%	98.4%	98.1%	98.7%

8th Period	End of Apr 2005	End of May 2005	End of Jun 2005	End of Jul 2005	End of Aug 2005	End of Sep 2005
Number of Properties	47	47	48	49	49	50
Total Number of Tenants	672	673	697	700	703	814
Total Leasable Space (m2)	345,333	345,333	350,973	355,468	355,458	364,610
Occupancy Rate	97.7%	97.9%	97.8%	97.9%	98.2%	98.6%

7th Period	End of Oct 2004	End of Nov 2004	End of Dec 2004	End of Jan 2005	End of Feb 2005	End of Mar 2005
Number of Properties	39	40	40	42	43	46
Total Number of Tenants	501	508	513	581	607	669
Total Leasable Space (m2)	293,116	298,362	298,362	311,530	322,429	336,026
Occupancy Rate	93.7%	94.1%	94.6%	94.8%	95.5%	97.6%

6th Period	End of Apr 2004	End of May 2004	End of Jun 2004	End of Jul 2004	End of Aug 2004	End of Sep 2004
Number of Properties	37	37	37	37	38	39
Total Number of Tenants	480	483	481	481	492	504
Total Leasable Space (m2)	281,171	281,171	281,155	281,155	286,860	293,105
Occupancy Rate	94.7%	94.7%	91.7%	92.7%	92.8%	93.6%

5th Period	End of Oct 2003	End of Nov 2003	End of Dec 2003	End of Jan 2004	End of Feb 2004	End of Mar 2004
Number of Properties	33	34	34	34	34	36
Total Number of Tenants	420	424	426	428	435	477
Total Leasable Space (m2)	251,631	253,806	260,003	260,032	260,211	273,157
Occupancy Rate	95.4%	92.5%	93.2%	92.5%	93.2%	94.8%

4th Period	End of Apr 2003	End of May 2003	End of Jun 2003	End of Jul 2003	End of Aug 2003	End of Sep 2003
Number of Properties	30	30	30	30	32	32
Total Number of Tenants	380	380	380	386	409	407
Total Leasable Space (m2)	236,702	236,702	237,897	237,897	246,062	246,062
Occupancy Rate	94.4%	94.9%	94.4%	94.9%	95.3%	95.1%

3rd Period	End of Oct 2002	End of Nov 2002	End of Dec 2002	End of Jan 2003	End of Feb 2003	End of Mar 2003
Number of Properties	28	29	29	29	29	30
Total Number of Tenants	364	371	370	373	375	383
Total Leasable Space (m2)	220,720	223,771	223,771	223,771	223,771	236,693
Occupancy Rate	94.8%	95.5%	95.3%	95.2%	95.6%	94.4%

2nd Period	End of Apr 2002	End of May 2002	End of Jun 2002	End of Jul 2002	End of Aug 2002	End of Sep 2002
Number of Properties	24	25	25	26	27	27
Total Number of Tenants	349	352	357	356	363	362
Total Leasable Space (m2)	201,580	207,914	207,914	212,194	215,928	215,928
Occupancy Rate	93.3%	93.6%	94.4%	94.3%	95.2%	95.3%

1st Period	End of Sep 2001	End of Oct 2001	End of Nov 2001	End of Dec 2001	End of Jan 2002	End of Feb 2002	End of Mar 2002
Number of Properties	20	20	21	22	23	24	24
Total Number of Tenants	213	214	267	286	289	349	353
Total Leasable Space (m2)	133,927	136,381	164,883	171,734	178,698	201,934	201,884
Occupancy Rate	94.6%	93.9%	94.7%	93.8%	94.1%	94.0%	94.0%

(Note 1)	The above chart does not include the data on residential portions of "Nibancho Garden," "Kitanomaru Square," "Akasaka Park Building" and "Nishiki Park Building".
(Note 2)	Although “Genki Medical Plaza” was acquired as of October 31, 2002, it is not included in the occupancy rate as at the end of October, 2002 due to the fact that its lease agreement between tenant for the building starting on November 1, 2002.
(Note 3)	Total number of tenants is the gross number of tenants by building. If the same tenant occupies multiple properties, such tenant is counted as multiple tenants.
(Note 4)	Figures smaller than 1 are ignored for leasable space. The percentage is rounded to the first decimal point for occupancy rate.