November 5, 2019 For Translation Purpose Only

Real Estate Investment Trust Securities Issuer Tosei Reit Investment Corporation 4-2-3 Toranomon, Minato-ku, Tokyo Representative: Takayoshi Kitajima, Executive Director (Securities Code: 3451) Asset Management Company Tosei Asset Advisors, Inc. Representative: Akihiko Fujinaga, President & Representative Director Inquiries: Keiji Miyaishi General Manager, Treasury & Planning Department, REIT Division (TEL: +81-3-3433-6320)

Notice Concerning Completion of Acquisition of Real Estate Trust Beneficially Rights (Total of 10 Properties)

Tosei Reit Investment Corporation (“Tosei Reit”) announces that it today completed acquisition of real estate trust beneficiary rights of the following 10 properties.

Acquired Asset Acquisition Property Property Price Type Location No. Name (JPY million) (Note) О-14 Hon-Atsugi Tosei Building Atsugi-shi, Kanagawa 880 Office Subtotal (1 property) - 880 Rd-24 Century Urawa Saitama-shi, Saitama 980 Rd-25 T's garden Nagayama Tama-shi, Tokyo 850 Rd-26 Grandeur Fujimino Fujimi-shi, Saitama 822 T's garden Hitotsubashi Rd-27 Kodaira-shi, Tokyo 760 Gakuen Residential Rd-28 T's garden WarabiⅡ Kawaguchi-shi, Saitama 750 properties Rd-29 T's garden WarabiⅢ Kawaguchi-shi, Saitama 655 Rd-30 T's garden Kashiwa Kashiwa-shi, Chiba 595 Rd-31 Suning Kitamatsudo Matsudo-shi, Chiba 482 Rd-32 T's garden Tanashi Nishitokyo-shi, Tokyo 310 Subtotal (9 properties) - 6,204 Total (10 properties) - 7,084 (Note) “Acquisition price” is the sale and purchase price stated in the real estate trust beneficiary right sale and purchase contract for the acquired asset. The sale and purchase price does not include consumption tax, local consumption tax and various expenses required for the acquisition.

In line with the completion of asset acquisition, leases of the above acquired assets have been started. For details of the acquisition and leases of the above assets, please refer to “Notice Concerning Acquisition of Real Estate Trust Beneficiary Rights and Leases (Total of 12 Properties)” announced on October 10, 2019.

* Tosei Reit Investment Corporation website: http://www.tosei-reit.co.jp/en/