ORIX JREIT Announced Asset Acquisition(“ORE Yurakucho, The

For Immediate Release REIT Issuer: ORIX JREIT Inc. (TSE: 8954) Yutaka Okazoe President and Executive Director

Asset Management Company: ORIX Asset Management Corporation Hiroshi Nishio President and CEO Inquiries: Hajime Nakamura General Manager Corporate Planning Department TEL：+81 3 5418 4858

ORIX JREIT Announced Asset Acquisition (“ORE Yurakucho, The Kitahama PLAZA, CROSS GARDEN KAWASAKI and Tecc Land Totsuka (land)”)

TOKYO, March 8, 2013 — We, ORIX JREIT Inc. (“OJR”) announced the decision to acquire “ORE Yurakucho Building, The Kitahama PLAZA, CROSS GARDEN KAWASAKI and Tecc Land Totsuka (land)”, as described below.

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1. Acquisition Summary 1) ORE Yurakucho Asset to be acquired ： Real estate trust beneficial interest Acquisition price ： ¥9,900,000,000 (excluding national and local consumption taxes, etc.) Scheduled acquisition date ： April 1, 2013 Current owner and seller ： ORIX Real Estate Corporation Funding method ： Proceeds from the issuance of new investment units through public offering (Note 1), proceeds from the sale of the property scheduled for sale (Note 2) and borrowings (scheduled) Payment terms ： 100 % on delivery

2）The Kitahama PLAZA Asset to be acquired ： Real estate trust beneficial interest Acquisition price ： ¥3,900,000,000 (excluding national and local consumption taxes, etc.) Scheduled acquisition date ： April 1, 2013 Current owner and seller ： Godo Kaisha North Beach Funding method ： Proceeds from the issuance of new investment units through public offering (Note 1), proceeds from the sale of the property scheduled for sale (Note 2) and borrowings (scheduled) Payment terms ： 100 % on delivery

4）Tecc Land Totsuka (land) Asset to be acquired ： Real estate trust beneficial interest (scheduled) * Acquisition price ： ¥6,020,000,000 Scheduled acquisition date ： April 1, 2013 Current owner and seller ： ORIX Real Estate Corporation Funding method ： Proceeds from the issuance of new investment units through public offering (Note 1), proceeds from the sale of the property scheduled for sale (Note 2) and borrowings (scheduled) Payment terms ： 100 % on delivery

(Note 1) For details, please refer to the press release “ORIX JREIT Announces Issue of New Investment Units and Secondary Offering of Units” announced today. (Note 2) For details, please refer to the press release “ORIX JREIT Announces an Asset Transfer (“Shibaura Island Bloom Tower”)” announced today. (Note 3) As of today, no trust has been established for Tecc Land Totsuka (land). It is planned that a trust will be established at the time it is acquired by OJR.

2. Purpose of the Acquisition In order to realize the stable growth of unitholder value, OJR is advancing an external growth strategy that aims to improve both the portfolio’s profitability and stability by utilizing the diversification of sectors and regions as a diversified REIT, replacement of assets and the ORIX synergy. While continuing investment primarily focused on office properties and properties in the Tokyo Metropolitan Area from the perspective of emphasizing liquidity and medium- to long-term growth, we have invested in prime non-office and other areas properties in order to construct a portfolio that has both the stability and growth potential compatible with the cyclical real estate market and that is also highly profitable. Recently, there have been a number of acquisitions of retail facilities associated with REITs specializing in retail facilities and equity finance (new listing and public offering) of complex-type REITs that incorporate retail facilities. This indicates not only an increase of liquidity of retail facilities but also an increase of competition in property acquisitions. On the other hand, retail facilities are considered by investors that are able to assess risk and that have sufficient operational capacities to be an investment target that provide an opportunity for high revenues (yields) in relation to the substantial risk due to the fact that retail facilities require expertise of operation and management skills and such in view of the particularities of the rental market. Aiming to increase the profitability and stability of the portfolio under such understandings of the environment of the real estate market, we have decided to acquire four retail facilities (ORE Yurakucho, The Kitahama PLAZA, CROSS GARDEN KAWASAKI and Tecc Land Totsuka (land)) that are both profitable and stable. OJR will continue to develop a portfolio that is backed by profitability and stability in order to continue to realize the stable growth of unitholder value in the future.

Disclaimer: This document is a press release intended for general public regarding OJR’s acquisition of assets. It has not been prepared for the purpose of soliciting investment. When investing, investors should do so based on their own judgment after being sure to read “prospectus on the issue of new investment units and the secondary offering of investment units through over-allotment” that OJR will prepare as well as any amendments (if any). This is the English translation of original Japanese documents and is provided solely for information purposes. If there are any discrepancies between the translation and the Japanese original, the latter shall prevail. 2/21 3. Summary of Acquisition Property 1）ORE Yurakucho Specified asset category Real estate trust beneficial interest Trustee ORIX Bank Corporation Term of trust agreement April 1, 2013 – August 31,2025 Address 3-5, Yurakucho 2-chome, Chiyoda-ku, Tokyo Registered usage Retail Land: 454.41 ㎡ Registered area Building: 4,286.53 ㎡(total floor area) Steel-framed, reinforced concrete, flat roof, 9 floors with 3 Registered construction underground floor Registered completion date February 28, 2007 Type of ownership Fee simple ownership Previous owner ORIX Real Estate Corporation Acquisition Price ¥ 9,900,000,000 (excluding national and local consumption taxes, etc.) Appraised value ¥10,200,000,000 Appraisal date February 1, 2013 Appraiser DAIWA REAL ESTATE APPRAISAL CO., LTD. Scheduled acquisition date April 1, 2013 Public transit access 1 minutes’ walk from Hibiya Station on Tokyo Metro Line Usage restrictions Commercial district, Fire zone Architects Suruga Corporation, First-Class Architect Office Structural engineers Suruga Corporation, First-Class Architect Office General contractors Suruga Corporation Tokyo Metropolitan Town Creation Center for Disaster Prevention and Building inspection agency Construction Elevator: 3 (max 13 passengers × 2, max 9 passengers × 1) Main facilities and specifications Parking: Parking spaces for 12 vehicles (including 11 at remote places) Earthquake resistance PML5% (based on NKSJ Risk Management, Inc. report )(Note 1) Collateral None ・A parking lot nearby is rented so that the property can meet the Special notes parking obligations prescribed in Tokyo Metropolitan Government’s parking regulations concerning the land, building, etc. ・This property is located in Yurakucho, one of Japan’s foremost commercial and office areas. Directly connected to Hibiya Station on the Tokyo Metro Hibiya Line and being a 2-minute walk from JR Yurakucho Station, access is excellent. Moreover, with the property’s high visibility, the property is expected to attract a good level of customers. Special features of the property ・The tenants are comprised of restaurants (family restaurants, izakaya, etc.) and an amusement facility (karaoke parlor). Many of the restaurants receive not only office workers but are also available throughout day and night to a wide customer base including seniors and female shoppers. All kinds of shops are in this property for all sorts of customer scenarios. Furthermore, synergetic effects among tenants and with nearby retail facilities can be expected. No. of tenants 1 (as of December 31, 2012) (Note 2)

2）The Kitahama PLAZA Specified asset category Real estate trust beneficial interest Trustee Sumitomo Mitsui Trust Bank, Limited Term of trust agreement October 31, 2011 – March 31,2023 Address 7-3, Koraibashi 1-chome, Chuo-ku, Osaka City, Osaka Registered usage Sports Facility, Retail, Clinic, Office Land: 5,124.56 m2 (land area for entire building site) Registered area Building: 73,140.21 m2 (total floor area of entire building) 11,111.89 m2 (area of compartmentalized ownership section) Compartmentalized ownership section / steel-framed, reinforced concrete, steel-reinforced concrete, flat roof, 6 floors with 1 underground floor (Note) The property is a co-ownership interest (co-ownership ratio: 80.0%) of Registered construction compartmentalized ownership of the exclusive area (ownership ratio: 175,818/1,000,000) that comprises part of a single building (the “Compartmentalized Ownership Building”). In the Compartmentalized Ownership Building, OJR will acquire the retail facility from the underground floor to the 6th floor only and not the residential section. Registered completion date February 23, 2009 Land: Ownership (land ownership ratio: 175,818/1,000,000) Type of ownership Building: Co-ownership of compartmentalized ownership right (co-ownership ratio: 80.0%) Previous owner Godo Kaisha North Beach Acquisition Price ¥ 3,900,000,000 (excluding national and local consumption taxes, etc.) Appraised value ¥ 4,026,000,000 Appraisal date February 1, 2013 Appraiser Chuo Real Estate Appraisal Co., Ltd. Scheduled acquisition date April 1, 2013 1 minutes’ walk from “Kitahama” Station on Osaka Municipal Subway Public transit access Line Usage restrictions Commercial district, Fire zone Architects Mitsubishi Estate Co., Ltd., First-Class Architect Office

Disclaimer: This document is a press release intended for general public regarding OJR’s acquisition of assets. It has not been prepared for the purpose of soliciting investment. When investing, investors should do so based on their own judgment after being sure to read “prospectus on the issue of new investment units and the secondary offering of investment units through over-allotment” that OJR will prepare as well as any amendments (if any). This is the English translation of original Japanese documents and is provided solely for information purposes. If there are any discrepancies between the translation and the Japanese original, the latter shall prevail. 4/21 Haseko Corporation, Osaka Engineering Business Division, First-Class Architect Office Nihon Sekkei Inc., Kansai Branch, First-Class Architect Office Kajima Corporation, Kansai Branch, First-Class Architect Office Mitsubishi Estate Co., Ltd., First-Class Architect Office Structural engineers Kajima Corporation, Kansai Branch, First-Class Architect Office General contractors Kajima Corporation Building inspection agency The Building Center of Japan Elevator: 4 Escalator: 4 Main facilities and specifications Parking: Parking spaces for 31vehicles (1 vertical circulation-type parking lot) Earthquake resistance PML12% (based on NKSJ Risk Management, Inc. report )(Note 1) Collateral None ・Superficies have been established for part of the land for the purpose of Osaka City’s ownership of a structure at Exit 5 of Kitahama Station on the Osaka Municipal Rapid Electric Tramway Line No. 6. The following arrangements have been made with the land of concern: (1) No workpieces are to be established that will be an obstacle to Osaka City’s structure. (2) There will be no limitations if wooden workpieces are to be established on the land but the establishment of non-wooden workpieces will be limited to those whose configuration, construction method, etc. have been agreed upon with Osaka City. (The weight of the workpiece on Osaka City’s structure should be 80 kilonewtons per m2 at the 1st floor’s foundation base, but in principle only when the workpiece does not lean towards the structure.) Special notes ・ The main arrangements with the other co-owners concerning management and disposal of the Compartmentalized Ownership Building and right of site are as follows: (1) No claims for division of the co-ownership interest may be made. (2) When a co-owner is to sell its co-ownership interest, an opportunity for preferential negotiation must be granted to the other co-owners. (3) When a co-owner is to newly establish a security interest for its co-ownership interest, it must have the consent of the other co-owners. (4) When a co-owner is to sell its co-ownership interest, the co-owner must transmit the position of the above arrangements to the third party receiving the co-ownership interest. ・ The property is a retail facility directly connected to Kitahama Station on the Osaka Municipal Subway Line which faces Sakaisuji. A population influx into the nearby area is expected due to construction of condominiums in recent years at former sites of older office buildings, etc. Special features of the property ・ There are 14 tenants in total centering on neighborhood-type commercial tenants such as a fitness club (Konami Sports), a medical mall and a food supermarket. Demand from office workers as well as nearby residents can be expected due to locational features. ・ Long-term fixed leasing agreements (fixed-term lease right contracts)

3）CROSS GARDEN KAWASAKI Specified asset category Real estate trust beneficial interest Trustee Sumitomo Mitsui Trust Bank, Limited Term of trust agreement March 29, 2013 – March 28,2023 Address 19-23, Ogura 5-chome, Saiwai-ku, Kawasaki City, Kanagawa Registered usage Retail, Parking, Clinic Land: 13,473.70 ㎡ (however, part of the site (27.40 m2) is being used Registered area as a road) Building: 29,965.35 ㎡(total floor area) Registered construction Steel-framed, flat roof, 4 floors with 1 underground floor Registered completion date February 9, 2011 Type of ownership Fee simple ownership Previous owner ORIX Real Estate Corporation ¥ 12,950,000,000 (excluding national and local consumption taxes, Acquisition Price etc.) Appraised value ¥ 13,300,000,000 Appraisal date February 1, 2013 Appraiser DAIWA REAL ESTATE APPRAISAL CO., LTD. Scheduled acquisition date March 29, 2013 Public transit access About 1.9 km northwest from “Shitte” Station on JR Line Usage restrictions Secondary-industrial zone, Fire zone Architects Ito Architects & Engineers Inc. Structural engineers Ito Architects & Engineers Inc. General contractors Kanto Kenso Co., Ltd.

Disclaimer: This document is a press release intended for general public regarding OJR’s acquisition of assets. It has not been prepared for the purpose of soliciting investment. When investing, investors should do so based on their own judgment after being sure to read “prospectus on the issue of new investment units and the secondary offering of investment units through over-allotment” that OJR will prepare as well as any amendments (if any). This is the English translation of original Japanese documents and is provided solely for information purposes. If there are any discrepancies between the translation and the Japanese original, the latter shall prevail. 6/21 Building inspection agency Bureau Veritas Japan Co., Ltd. Elevator: 5 (max 24 passengers × 3, max20 passengers × 1, Main facilities and specifications max15passengers × 1) Escalator: 11 Parking: Parking spaces for 567 vehicles Earthquake resistance PML7% (based on NKSJ Risk Management, Inc. report )(Note 1) Collateral None ・ Easement have been established for part of the land due to the erection of a transmission line established by Tokyo Electric Power Company Incorporated (TEPCO). As such, based on the agreement between TEPCO and the current owner of the property’s land (a trust bank) dated March 18, 2009, there are arrangements for the occasion of the sale of the property to a third party regarding prior notification to TEPCO, transmission to the third party, etc. ・There are certain limitations for part of the land due to the erection of Special notes the transmission line based on an agreement between East Japan Railway Company and the current owner of the property’s land (a trust bank) dated April 1, 2012. As such, there are arrangements for the occasion of the sale of the property to a third part regarding prior notification to East Japan Railway Company, transmission to the third party, etc. ・There are fence steel and paved asphalt crossing the border of the property from the adjacent land on the west side (lot number 1664-3) ・The property is a neighborhood shopping center (NSC) located in Saiwai Ward of Kawasaki City in Kanagawa Prefecture. There are large-scale developments nearby (condominiums, etc.) and more development is expected in the area going forward. In addition, the ratio of households of 2 to 4 people is high in the walking distance trade area of 1 km radius and there are many relatively young families in their 30s or 40s. Therefore, customers are expected to Special features of the property come not only by car but also on foot. ・With a food supermarket and Yamada Denki, a consumer electronics retailer, as the core tenants, there are 17 daily life-related tenants in total including a medical mall, drug store, 100 yen shop, restaurant and amusement. ・Long-term fixed leasing agreements (fixed-term lease right contracts) with periods of more than 10 years are concluded with the major tenants (food supermarket and consumer electronics retailer) and stable revenues can be expected. No. of tenants 1 (as of December 31, 2012) (Note 2) ¥72million per month (excluding car parking spaces, as of December Gross rental income 31, 2012) (Note 3) (Note 5) Security deposits ¥788million Total rent space 17,125.69m2 (as of December 31, 2012) Total rentable space 17,125.69m2 (as of December 31, 2012) Occupancy rate 100.0% (as of December 31, 2012) ¥691 million per annual Assumed Net Operating Income *Note: The Net Operating Income (NOI) represents the anticipated (NOI) revenue/expenditure balance under stabilized occupancy, based on the terms of the lease contract, etc. at the scheduled acquisition date, but excluding extraordinary factors that may occur during the first year of

4）Tecc Land Totsuka (land) Specified asset category Real estate trust beneficial interest (scheduled)(Note 6) Trustee Mitsubishi UFJ Trust and Banking Corporation Term of trust agreement April 1, 2013 – March 31,2023 Address 1-7, Gumisawa 2-chome, Totsuka-ku, Yokohama City, Kanagawa Registered usage － Registered area Land: 11,989.96 ㎡ Registered construction － Registered completion date － Type of ownership Fee simple ownership Previous owner ORIX Real Estate Corporation Acquisition Price ¥ 6,020,000,000 Appraised value ¥ 6,090,000,000 Appraisal date February 1, 2013 Appraiser Japan Real Estate Institute Scheduled acquisition date April 1, 2013 1 minutes’ walk from “Odoriba” Station on Yokohama Municipal Public transit access Subway Secondary-residential zone, Category 1 medium-to-high-rise exclusive Usage restrictions residential district, secondary-fire zone Architects － Structural engineers － General contractors － Building inspection agency － Main facilities and specifications － Earthquake resistance － Collateral None ・Based on a land use lease contract between the property’s previous owner (ORIX Real Estate) and Yokohama City dated January 12, 2011, part of the property (88.09 m2 on the northwest side) is rented for use by Yokohama City. As such, the position of lender of the contract will be transmitted to the trustee. Special notes ・Due to the notarized document of the business use fixed-term land lease right contract between the previous owner (ORIX Real Estate) and the property’s lessee (Yamada Denki Co., Ltd.) dated January 29, 2011, when the owner is to transfer its ownership right, first refusal rights must be granted to the lessee and the arrangements thereof will be transmitted to the trustee. Special features of the property ・The property is located in Totsuka Ward of Yokohama City in

(Note 1) PML(Probable Maximum Loss) shows the ratio (%) of cost of recovering a building after being damaged to its state before the damage occurred against repurchase price, when assuming a earthquake that may occur once in 475 years in average in probability statistics (recurrence interval of 475 years). In evaluating earthquake risk of a building, risk curve that show relationship of amount of expected loss (horizontal axis) and probability for the loss to exceed the year (vertical axis) will be calculated. However, the risk curve has variability because loss evaluation comes with uncertainties in earthquake resistance performance of the building, behavior of earthquake vibration, etc. PML above uses the risk curve with credibility level of 90%, and shows upper limit of the expected loss, not the average figure. PML is rounded to the nearest first decimal place. (Note 2) Master lease agreements are concluded for ORE Yurakucho, The Kitahama PLAZA and CROSS GARDEN KAWASAKI. (Note 3) Amounts lower than 1 million yen are rounded off. (Note 4) The figure is indicated for the entire commercial building and does not take into account OJR’s ownership ratio (co-ownership ratio: 80%). (Note 5) With the acquisition of the property, OJR will conclude a pass through-type master lease agreement with ORIX Real Estate Corporation. Following the conclusion of the master lease agreement, ORIX Real Estate Corporation will pay OJR the amount of the end tenants rent less the various expenses needed for ORIX Real Estate Corporation for facility management. Accordingly, the amount provided from the seller on December 31, 2012 less the said expenses is indicated. (Note 6) As of today, no trust has been established for Tecc Land Totsuka (land). It is planned that a trust will be established at the time it is acquired by OJR.

5. Profile of Owner and Seller 1）ORE Yurakucho, CROSS GARDEN KAWASAKI and Tecc Land Totsuka (land) (as of March 6, 2013) Company Name ORIX Real Estate Corporation (“the Company”) Address 14-5, Shiba 2-chome, Minato-ku, Tokyo Representative Representative Yoshiyuki Yamaya

2）The Kitahama PLAZA (as of March 6, 2013) Company Name Godo Kaisha North Beach (“the Company”) Address Nihonbashi 1-chome building 4-1, Nihonbashi 1-chome, Chuou-ku, Tokyo Representative Partner: General Incorporated Association KP Project Representative Functional Manager: Akira Sugai Primary Acquisition, management, holding, sale, etc. of real estate trust beneficial interest Shareholders’ Equity ¥ 1 million Date of establishment December 9, 2011 Relationships with OJR or its asset management company There is no capital relationship that requires reporting between We or OAM and the Company in question. ORIX Real Estate Corporation, which is a “related party” stipulated in Japan’s Law Concerning Investment Trusts and Investment Capital relationships Corporations (hereinafter, “the Investment Trust Law”), has an anonymous association investment in the company in question. ORIX Real Estate Corporation is a subsidiary of ORIX Corporation, which is the parent company of ORIX Asset Management Corporation (hereinafter, “OAM”) There is no personal relationship required for reporting between we or OAM and Personal relationships the Company. There is no business relationship required for reporting between we or OAM and Business relationships the Company. The company in question is not a “related party” for OJR. ORIX Real Estate Investment Advisors Corporation (a “related party” of OAM as stipulated in the Applicability to Investment Trust Law) is contracted to provide asset management for the related parties company in question. Shibaura Island Apartment Limited should be treated as a “related party” as stipulated in the “Affiliated Company Transaction Regulations,” which are in-house regulations of OAM.

2）The Kitahama PLAZA Previous Owner Owner Before Previous Owner Company name Godo Kaisha North Beach ORIX Real Estate Corporation Special relationships Refer to Section 5. “Profile of Refer to Section 5. “Profile of involved Owner” above Owner” above Background to and For investment management For investment management reason for acquisition Acquisition date January 27, 2012 October 31, 2011 Omitted, as previous owner held Acquisition price ― property for over a year

Owner before previous owner Not a party having special relationship of interest －－－－

3）CROSS GARDEN KAWASAKI Previous Owner Company name ORIX Real Estate Corporation Special relationships Refer to Section 5. “Profile of involved Owner” above New development Background to and (Construction completed in February reason for acquisition 2011) Acquisition date － Acquisition price －

7. Profile of Intermediary None

8. Closing Method Funding method: Proceeds from the issuance of new investment units through public offering (Note 1), proceeds from the sale of the property scheduled for sale (Note 2) and borrowings (scheduled)

Payment condition: 100% on delivery

9. Transaction with Related-Party In accordance with the Affiliated Company Transaction Regulations, which are in-house regulations of OAM, the transactions below have been approved by our board of directors after being examined by the Risk Management and Compliance Committee and the board of directors at OAM.

1) Acquisition of Property ORE Yurakucho, CROSS GARDEN KAWASAKI and Tecc Land Totsuka (land) will be acquired from ORIX Real Estate Corporation and The Kitahama PLAZA will be acquired from Godo Kaisha North Beach. See 5. “Profile of Owner/Seller” for a summary of the related parties.

2) Conclusion of Master Lease Agreement and Property Management Operations Subcontracting Agreement OJR will conclude a master lease agreement and property management operations subcontracting agreement with ORIX Real Estate Corporation for ORE Yurakucho and CROSS GARDEN KAWASAKI. Furthermore, OJR will conclude a property management operations subcontracting agreement with ORIX Real Estate Corporation for Tecc Land Totsuka (land). See 5. “Profile of Owner/Seller” for a summary of this related party.

3) Conclusion of Real Estate Management Trust Agreement OJR will conclude a real estate management trust agreement with ORIX Bank Corporation for ORE Yurakucho. The summary of this related party is as follows. （as of March 6, 2013） Company Name ORIX Bank Corporation (“the Company”) Address 22-8, Shiba 3-chome, Minato-ku, Tokyo

4) Conclusion of Building Lease Agreement and Building Management Contract OJR will conclude building lease agreements and building management contracts with ORIX Real Estate Corporation and Sanyo Homes Corporation for The Kitahama PLAZA. See 5. “Profile of Owner/Seller” and below for summaries of the related parties.

（as of March 6, 2013） Company Name Sanyo Homes Corporation Address 4-1 Nishihonmachi 1-chome, Nishi-ku, Osaka City, Osaka Representative Representative Yasunori Tanaka Design and construction of buildings and structures, contracting, Primary subcontracting and sale of supervision, etc., consulting business, etc. Shareholders’ Equity ¥ 5,275 million Date of establishment October 11, 1996 ORIX Corporation, LIXIL Corporation, SECOM Co., Ltd. and Kansai Major shareholder Electric Power Co., Ltd. Relationships with OJR or its asset management company There is no capital relationship required for reporting between we and the Company. But since the Company is a subsidiary of ORIX corporation which is a Capital relationships parent company of our asset management company “ORIX Asset Management Corporation (OAM),” the company falls under “related parties” of our asset management company as stipulated in the the Investment Trust Law.

There is no personal relationship required for reporting between we or OAM Personal relationships and the Company.

There is no business relationship required for reporting between we or OAM Business relationships and the Company.

5) Conclusion of Contract for Transfer of Joint Operating Agreement Position, etc. OJR will conclude a contract for the transfer of joint operating agreement position, etc. with Sanyo Homes Corporation for The Kitahama PLAZA. See (4) above for a summary of the related party.

10. Acquisition Schedule 1) CROSS GARDEN KAWASAKI March 8, 2013: Execution of the sale and purchase agreement March 29, 2013 (scheduled): Settlement and delivery of the property

2）ORE Yurakucho, The Kitahama PLAZA and Tecc Land Totsuka (land) March 8, 2013: Execution of the sale and purchase agreement April 1, 2013 (scheduled): Settlement and delivery of the property

(Note) The above scheduled acquisition date may change if the payment date for the offering of new investment units through public offering takes place on April 1, 2013. For details of offering of new investment units through public offering please refer to the press release “ORIX JREIT Announces Issue of New Investment Units and Secondary Offering of Units” announced today.

11. Future Outlook With regards to the financial forecast for the 23rd fiscal period (from March 1, 2013 through August 31, 2013) and the 24th fiscal period (from September 1, 2013 through February 28, 2014) projected the subject property acquisition, please refer to the press release “ORIX JREIT Announces Revision of Earnings & Distributions Forecasts for the 23rd Fiscal Period (Ending August 31, 2013) and Earnings & Distributions Forecasts for the 24th Fiscal Period (Ending February 28, 2014)” announced today. Furthermore, there is no impact on the financial results for the 22nd fiscal period (September 1, 2012 through February 28, 2013) from the transfer of the property.

Reference Materials I. Property photo and map II. Appraisal summary III. Portfolio summary after acquisition of the four properties

The Kitahama CROSS GARDEN Tecc Land Totsuka Property name ORE Yurakucho PLAZA(Note 2) KAWASAKI (Land)(Note 3)

Appraised value （In millions of yen） Appraised value 10,200 4,026 13,300 6,090 Appraisal date February 1, 2013 DAIWA REAL DAIWA REAL ESTATE Chuo Real Estate ESTATE Japan Real Estate Appraiser APPRAISAL CO., Appraisal Co., Ltd. APPRAISAL CO., Institute LTD. LTD. Valuations by method （In millions of yen） Cost Method 9,170 3,340 8,240 - Income Method DCF value 10,100 4,026 13,300 6,090 Net operating income for the first fiscal year in the 411 277 703 333 DCF method Discount Rate (%) 3.8 5.1 5.0 5.2 Terminal Capitalization 4.2 5.7 5.4 - Rate (%) DC Value 10,400 4,032 13,400 - Net income in the DC 416 272 683 - method Capitalization Rate (%) 4.0 5.4 5.1 - Income projection （In millions of yen）(Note 1) (1) Gross revenue （a-b） 544 522 967 - a. Effective gross revenue 555 522 973 - b.Vacancyloss 10 0 5 - (2) Total costs （c+d+e+f） 135 241 293 - c. Management / maintenance fee (management fee, 71 200 208 - utility expenses, PM fees, etc.) d.Taxes 58 30 81 - e. Casualty insurance 0 0 0 - premium f. Other costs 4 9 2 - (3) Net revenue （1-2） 409 280 674 - (4) Lump sum revenue 9 4 14 - (5)Capitalexpenditure 2 13 5 - (6) Net income （3+4-5） 416 272 683 - (Note 1) The anticipated revenue/expenditure balance is revenue and expenditures for the fiscal year based on the income approach (direct capitalization approach) shown on the Appraisal Report. (Note 2) Kitahama PLAZA’s appraisal value, cost method value, DCF value and DC value of Kitahama PLAZA are figures corresponding to OJR’s ownership ratio (co-ownership ratio: 80%). Figures for the entire property are indicated for net operating income for the first fiscal year in the DCF method, net income in the DC method and anticipated revenue/expenditure balance. (Note 3) The price of Tecc Land Totsuka (land) in the discounted cash flow method is 4,550,000,000 yen.

Long-Term Projected Repairs According to the engineering reports, the maintenance and renewal costs over the next 12 years following the survey date are as follows. Maintenance cost o p n a erpryname Company nameProperty (In thousands of yen) ORE Yurakucho TOKIO MARINE & NICHIDO RISK CONSULTING Co., Ltd. 33,951 The Kitahama PLAZA(Note) TOKIO MARINE & NICHIDO RISK CONSULTING Co., Ltd. 122,771 CROSS GARDEN KAWASAKI Earth-Appraisal Co., Ltd. 99,650 Tecc Land Totsuka (Land) - - (Note) Figures are for the entire property and do not correspond to OJR’s ownership ratio (co-ownership ratio: 80%).

Disclaimer: This document is a press release intended for general public regarding OJR’s acquisition of assets. It has not been prepared for the purpose of soliciting investment. When investing, investors should do so based on their own judgment after being sure to read “prospectus on the issue of new investment units and the secondary offering of investment units through over-allotment” that OJR will prepare as well as any amendments (if any). This is the English translation of original Japanese documents and is provided solely for information purposes. If there are any discrepancies between the translation and the Japanese original, the latter shall prevail. 19/21 III. Portfolio summary after acquisition of four properties Acquisition % to Property Date Price(￥million) Total Acquisition Price Offices 6 Central Aoyama Suncrest Building December 1. 2001 3,356 0.9 Tokyo Wards Round-Cross Ichi-bancho December 1. 2001 3,900 1.0 Round-Cross Nishi Shinjuku December 1. 2001 2,650 0.7 DTGaien December21.2001 2,430 0.6 Nihonbashi East Building December 21. 2001 1,720 0.4 Yoyogi Forest Building December 21. 2001 1,473 0.4 Round-Cross Minami Azabu December 21. 2001 1,394 0.4 Round-Cross Akasaka January 10. 2002 2,624 0.7 Round-Cross Mita January 10. 2002 1,748 0.5 Shiba Daimon Building January 10. 2002 2,195 0.6 Round-Cross Tsukiji January 10. 2002 3,378 0.9 ORIX Shiba 2-chome Building September 29. 2003 7,500 2.0 Aoyama 246 Building March 3. 2004 5,200 1.4 Round-Cross Shinjuku April 28. 2006 8,020 2.1 September 30. 2005 Seafort Square Center Building 18,000 4.7 April 28. 2006 June 26 . 2006 1 80RXAkasaka 2-chome21,860ORIX Building 5.7 December 4. 2006 Round-Cross Shinjuku 5-chome April 26. 2007 4,500 1.2 Nihonbashi Honcho 1-chome Building March28.2007 10,500 2.7 Round-Cross Shibuya March 28. 2008 3,500 0.9 ORIX Suidobashi Building March 28. 2008 3,000 0.8 ORIX Shinagawa Building June 27. 2008 15,200 4.0 ORIX Real Estate Nishi Shinjuku Building March 27. 2009 13,600 3.6 OX Tamachi Building March 29. 2010 6,730 1.8 Subtotal 144,478 37.7 Remaining Carrot Tower December 1. 2001 5,479 1.4 Tokyo Wards ToyoMKBuilding December1.2001 5,270 1.4 Beside Kiba December 21. 2001 2,450 0.6 ORIX Ikebukuro Building April 18. 2003 9,577 2.5 Round-Cross Kamata March 1. 2006 5,640 1.5 KN Jiyugaoka Plaza May 30. 2007 3,110 0.8 ORIX Meguro Building July 29. 2010 6,350 1.7 Akihabara Business Center June 1. 2011 5,060 1.3 Subtotal 42,936 11.2 Other Parts of Neo City Mitaka December 1. 2001 2,200 0.6 the Greater Tokyo Area Round-Cross Kawasaki April 27. 2004 4,130 1.1 Omiya Miyacho Building March 27. 2009 4,400 1.1 Omiya Shimocho 1-chome Building March 29. 2010 3,750 1.0 Subtotal 14,480 3.8 Other Areas Nagoya Itochu Building September 29. 2003 4,500 1.2 ORIX Koraibashi Building April 27. 2005 5,560 1.5 LunarSendai June28.2007 8,500 2.2 ORIX Nagoya Nishiki Building September 29. 2010 12,500 3.3 ORE Sapporo Building October 1. 2010 4,250 1.1 ORIX Kobe Sannomiya Building September 29. 2011 3,800 1.0 Subtotal 39,110 10.2 Offices Total 241,004 62.9

Disclaimer: This document is a press release intended for general public regarding OJR’s acquisition of assets. It has not been prepared for the purpose of soliciting investment. When investing, investors should do so based on their own judgment after being sure to read “prospectus on the issue of new investment units and the secondary offering of investment units through over-allotment” that OJR will prepare as well as any amendments (if any). This is the English translation of original Japanese documents and is provided solely for information purposes. If there are any discrepancies between the translation and the Japanese original, the latter shall prevail. 20/21 Acquisition % to Property Date Price(￥million) Total Acquisition Price Logistics Other Parts of Toda Logistics Center March 28. 2008 9,600 2.5 Facilities the Greater Tokyo Area Ichikawa Logistics Center September 29. 2008 8,300 2.2 Subtotal 17,900 4.7 Other Areas Sakai Logistics Center North Building March 30. 2010 10,200 2.7 Komaki Logistics Center June 30. 2011 2,700 0.7 Subtotal 12,900 3.4 Logistics Facilities Total 30,800 8.0 Retail 6 Central Nihon Jisho Minami Aoyama Building October 31. 2003 2,548 0.7 Facilities Tokyo Wards CUBE Daikanyama March 31. 2004 2,435 0.6 ※ ORE Yurakucho April 1, 2013 (scheduled) 9,900 2.6 Subtotal 14,883 3.9 Other Parts of aune Kohoku March 10. 2010 4,000 1.0 the Greater Tokyo Area aune Makuhari March 10. 2010 3,600 0.9 Maruetsu Sagamino March 1. 2011 2,350 0.6 ※ CROSS GARDEN KAWASAKI March 29, 2013 (scheduled) 12,950 3.4 ※ Tecc Land Totsuka (Land) April 1, 2013 (scheduled) 6,020 1.6 Subtotal 28,920 7.5 Other Areas Kobe Momoyamadai Shopping Center (Land) March 5. 2010 3,260 0.9 Okayama Kume Retail Facility January 31. 2011 2,750 0.7 Home Center Musashi Sendai Izumi (Land) January 11. 2012 2,350 0.6 Heiseikankou Sapporo Ekimae Building June 29. 2012 1,900 0.5 Morioka Minami Shopping Center Sansa July 31. 2012 2,800 0.7 ※ The Kitahama Plaza April 1, 2013 (scheduled) 3,900 1.0 Subtotal 16,960 4.4 Retail Facilities Total 60,763 15.9 Apartment 6 Central Park Axis Nishi Azabu Stage December 1. 2001 1,219 0.3 We Will Hatchobori June 1. 2011 2,370 0.6 Shibaura Island Air Tower July 28. 2011 6,030 1.6 Belle Face Togoshi Statio May 9. 2012 2,642 0.7 Belle Face Meguro October 19. 2012 3,330 0.9 Subtotal 15,591 4.1 Remaining Belle Face Kamata June 1. 2011 3,550 0.9 Tokyo Wards Belle Face Hongo Yumicho June 1. 2011 3,340 0.9 Belle Face Mishuku March 30. 2012 2,000 0.5 Subtotal 8,890 2.3 Other Areas Belle Face Osaka Shinmachi June 1. 2011 3,684 1.0 Belle Face Amagasaki June 1. 2011 3,440 0.9 Belle Face Miyamachi April 5. 2012 1,500 0.4 Belle Face Bansui-street April 5. 2012 832 0.2 Subtotal 9,456 2.5 Residential Total 33,937 8.9 Others Other Parts of Cross Gate January 10. 2002 15,040 3.9 the Greater Tokyo Area GOOD TIME LIVING Shin-urayasu September 6. 2012 1,550 0.4 Subtotal 16,590 4.3 Others Total 16,590 4.3 Grand Total 73 properties 383,094 100.0

※Newly acquired buildings Notes: 1. “Acquisition price” above refers to sale price (fractions rounded down) specified in the sale and purchase contract. Consumption taxes are not included in the price. 2. Fractions are rounded to two decimal places for the “Percentage of total acquisition cost.” Totals for the “Percentage of total acquisition cost” may not tally as a result of this rounding.