For Translation Purposes Only

August 27, 2012

For Immediate Release United Urban Investment Corporation Hisamitsu Abe Executive Officer (Securities Code: 8960)

Asset Management Company: Japan REIT Advisors Co., Ltd. Kenichiro Oikawa President and CEO Inquiries: Kenichi Natsume Chief Financial Officer TEL: +81-3-5402-3680

Notice Concerning Acquisition of Property (Yushima First Building)

United Urban Investment Corporation (“United Urban”) hereby announces its decision to acquire a property as set forth below on August 27, 2012.

1. Acquisition of the Property

United Urban will acquire the following trust beneficial interest in real estate (the “Asset to be Acquired”).

Scheduled Type of Use Scheduled Property Name Location (residential) Acquisition Price (Note 1) Acquisition Date (Note 2) Yushima First 3-19-11 Yushima, Bunkyo-ku, Office, Parking Lot ¥2,100 million August 29, 2012 Building Tokyo (Notes) 1. Of the uses indicated on the real estate register, the primary ones are shown. 2. The scheduled acquisition price shown is based on the purchase price to be stated in the sale and purchase agreement for the acquisition of the Asset to be Acquired. In addition, the price is shown in the amount excluding acquisition costs, property taxes, city planning taxes and consumption taxes and other costs.

2. Details of Acquisition

(1) Reason for the Acquisition In accordance with the basic asset-management policy and its investment approach prescribed in its Articles of Incorporation, United Urban will acquire the Asset to be Acquired for the purpose of expanding its portfolio of office buildings in the 23 Wards of Tokyo. In making the decision to acquire such Asset to be Acquired, the following aspects were appreciated.

1. Location The property related to the Asset to be Acquired (the “Property”) is located in a good area for business, as it is a four-minute walk from Yushima Station on the Chiyoda Line, and is also within walking distance from four stations of JR line and three other subway lines. The area surrounding the Property features a number of medical institutions, large and small, ranging from general hospitals such as The University of Tokyo Hospital, Tokyo Medical and Dental University Hospital and Juntendo University Hospital, to small clinics. Therefore, stable demand from facilities or companies related to the medical services industry is anticipated. In addition, as the location of the

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Property is close to the area, demand from companies related to the computer and electronics industries is also anticipated.

2. Building We have evaluated the Property as having a competitive advantage in terms of size, as the building on the Property boasts a standard floor area (3rd floor) of approximately 200 tsubo, in an area where office buildings with a standard floor area of 100 tsubo or less are dominant. We have also evaluated that the large and well-lit entrance hall, and the stone pitched outer wall which exudes a certain dignity, should appeal to tenants.

3. Tenants, etc. For the Property, a building lease agreement (pass-through-type master lease agreement) for the entire building has been concluded between Mitsubishi UFJ Trust and Banking Corporation, the trustee of the Property, and the current owner of the Property. After acquisition of the Asset to be Acquired, United Urban will terminate that agreement and conclude a new pass-through-type master lease agreement with the trustee, making United Urban the lessee (master lessee) of the Property. Many tenants of the Property are companies related to the medical services industry or other companies taking advantage of the characteristics of the area. Therefore, we anticipate a solid occupancy after United Urban has acquired the property.

(2) Summary of Acquisition

1. Asset to be Acquired : Trust beneficial interest in real estate 2. Name of the property : Yushima First Building 3. Scheduled Acquisition Price : ¥2,100,000 thousand (excluding acquisition costs, property taxes, city planning taxes and consumption taxes and other costs) 4. Agreement Date : August 29, 2012 (conclusion of the sale and purchase agreement of trust beneficial interest) 5. Scheduled Acquisition Date : August 29, 2012 (transfer of trust beneficial interest) 6. Seller : Godo Kaisha Yushima Property 7. Financing : Cash on hand and debt financing (scheduled) 8. Date of Payment : August 29, 2012 (scheduled)

(3) Outline of the Asset to be Acquired

Property Name Yushima First Building Type of the Asset to be Acquired Trust beneficial interest in real estate Asset Custodian Mitsubishi UFJ Trust and Banking Corporation Current Beneficiary Godo Kaisha Yushima Property Period of Trust Agreement From July 28, 2011 to August 31, 2022 (scheduled) 3-45-1, 3-45-2, 3-46, 3-336-1, 3-336-2, 3-336-5 Yushima, Lot number Location (Note 1) Bunkyo-ku, Tokyo (Note 2) Residential 3-19-11 Yushima, Bunkyo-ku, Tokyo 4 minute walk from Yushima Station () 6 minute walk from Suehirocho Station () Access 8 minute walk from Okachimachi Station (JR Lines) 8 minute walk from Ueno-Okachimachi Station (Toei Oedo Subway Line) Use (Note 1) Office, Parking Lot Land 1,120.85 m2 Site Area (Note 1) Building 6,165.88 m2 Structure (Note 1) SRC B1/8F Land: Proprietary Ownership Type of Ownership Building: Proprietary Ownership Completion Date (Note 1) February 23, 1989

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Scheduled Acquisition Price ¥2,100,000 thousand Appraisal Value ¥2,420,000 thousand Date of Value Estimate August 15, 2012 Appraisal Agency Appraisal by Japan Real Estate Institute (Appraisal Method) Probable Maximum Loss (PML) 13% Collateral None A portion of the wall on the land adjacent to the north side of the Property crosses the boundary into the land of the Property. A memorandum of Special Instructions understanding with the titleholder of the land adjacent to the north side of the Property has not yet been signed. Details of Tenant (Note 3) Total Number of Tenants (Note 4) 6 Security Deposit ¥131,528 thousand Total Rental Revenues (yearly) ¥201,967 thousand Total Leasable Floor Space 4,623.66 m2 Total Leased Floor Space 4,241.10 m2 Occupancy Ratio (Note 5) 91.7% Reference Estimated NOI (yearly) (Note 6) ¥148 million (Notes) 1. Each piece of information in “Location (Lot number)”, “Use”, “Site Area”, “Structure” and “Completion Date” is described as it appears on the real estate register. 2. Of the land related to the Asset to be Acquired, “lot number 3-336-5” (30m2) has not been entrusted as of the date of this document; it will be entrusted as a trust beneficial interest on the scheduled acquisition date by United Urban, and United Urban will acquire the trust beneficial interest including the aforementioned land. 3. “Details of Tenant” are figures as of July 31, 2012. Ratios are rounded to first decimal place. 4. As of July 31, 2012, a pass-through-type master lease agreement has been concluded between the trustee and the master lessee with regard to the Property. Therefore, the “Total Number of Tenants” figure is stated by aggregating the number of end tenants subleased to by the master lessee. 5. “Occupancy Ratio” means the percentage obtained by dividing “Total Leased Floor Space” by “Total Leasable Floor Space”. 6. “NOI (Net Operating Income)” means the figure equal to income from property leasing (rental revenues - rental expenses) plus depreciation and amortization. “Estimated NOI” means the estimated figure, during steady operation, which is calculated based on the terms and conditions of leasing after the acquisition by United Urban. The estimated occupancy ratio is 90.0%.

“Owner”, “Architect”, “Constructor”, “Structural Strength Calculator” and “Building Inspection Agency” of the Property are as set forth below.

Property Structural Strength Building Inspection Owner Architect Constructor No. Calculator Agency Tokyu Construction B38 K.K. Dream Factory K.K. Tokyo Sekkeisha K.K. Tokyo Sekkeisha Bunkyo-ku Co., Ltd

None of the above owner, building architect, constructor, structural strength calculator and building inspection agency was included in the list of owners, architects, constructors, structural strength calculators and building inspection agencies of properties whose structural calculation statements were falsified as announced by the Ministry of Land, Infrastructure, Transport and Tourism as of July 25, 2012.

(4) Seller Profile

Company Name Godo Kaisha Yushima Property Head Office Address Undisclosed (Note) Executive Director: Yushima General incorporated association Representative Administrator: Koichi Yasuda 1. Acquisition, management and disposition of real estate. 2. Lease and management of real estate. 3. Acquisition, management and disposition of trust beneficial interest Principal Business in real estate. 4. Acquisition, management and disposition of securities (including deemed securities), other equity interest, or monetary claim of

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company or association engaged in business described in preceding items. Acquisition, management and disposition of other investment asset. 5. All business incidental or relating to preceding items. Capital ¥100,000 (as of July 31, 2012) Date of Foundation July 4, 2011 Equity Member Undisclosed (Note) Net Asset Undisclosed (Note) Total Asset Undisclosed (Note) Relationship with United Urban or JRA Capital Ties There are no significant capital ties. Personal Relationship There are no significant personal relationships. Business Relationship There are no significant business relationships. The seller, Godo Kaisha Yushima Property, falls under neither the category of “related party, etc.” under the Act on Investment Trusts and Investment Corporations of Japan (the “Related Party”) nor the Standing to Related Party category of sponsor/stakeholder under the self-imposed rules of Japan REIT Advisors Co., Ltd. (“JRA”), the asset management company (the “Sponsor/Stakeholder”). (Note) Not disclosed because the seller has not given its consent for the disclosure.

(5) Outline of Brokerage

1. Outline of Broker The broker of the Asset to be Acquired is a domestic corporation. However, the broker’s details are not disclosed because the broker has not given its consent for the disclosure of its profile, etc. In addition, United Urban and JRA have no significant capital ties, personal relationships and transactions with the broker, and the broker is not a related party of United Urban and JRA. As of today, the broker falls under neither the category of the Related Party nor the category of the Sponsor/Stakeholder.

2. Amount and Details of Commission The amount and details of commission is not disclosed because the broker has not given its consent for the disclosure.

(6) Transactions with Related Party

There are no transactions with Related Parties.

(7) Method of Payment

The payment for the Asset to be Acquired is scheduled to be a lump-sum payment upon the delivery of the Asset to be Acquired, using cash on hand and debt financing.

(8) Acquisition Schedule

The schedule for acquisition of the Asset to be Acquired is as follows.

Date of decision of acquisition August 27, 2012 Date of conclusion of sale and purchase agreement of August 29, 2012 (scheduled) trust beneficial interest Date of transfer of trust beneficial interest August 29, 2012 (scheduled) Date of payment August 29, 2012 (scheduled)

3. Outlook of Operating Condition

United Urban does not make any change to the forecasts of financial results for the eighteenth fiscal period

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(period ending November 30, 2012) and the nineteenth fiscal period (period ending May 31, 2013) as the effect of the acquisition of the Asset to be Acquired is immaterial.

【Attached Materials】 1. Summaries of Appraisal Report 2. Portfolio after Acquisition of Asset to be Acquired 3. Photo

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Reference Material 1

Summaries of Appraisal Report

Appraisal Value ¥2,420,000 thousand Appraisal Agency Japan Real Estate Institute Date of Value Estimate August 15, 2012

Details Item (thousand of yen, unless Grounds otherwise indicated) Profit Price 2,420,000 － Price by Direct Capitalization Method 2,430,000 － (1) Total profit 215,993 － (Effective total profit: 1+2+3+4-5-6) Assessed a unit value level of rents, etc. that can be received stably over the medium to long term based on 1. Potential total profit average rents under the current lease agreements, the levels of rents and common area charges of the subject (rental revenues, common area 210,052 property in case the new rents are assumed to take place, charges) and attributes of the current lessees, etc.; and recorded rental revenues and common area charges as calculated based on the unit value level thus assumed. Electricity charges for illuminating lamps and other equipment in leased space, air conditioning expenses and other expenses were recorded as utility revenues in 2. Utility revenues 22,500 the case where the occupancy ratio for the leased space was 100%, which took into account occupancy conditions for the leased space based on the actual results of the previous fiscal year. Assessed a unit value level of charges that can be received stably over the medium to long term based on the average charges under the current lease agreement 3. Parking revenues 7,620 and the level, etc. of charges in case the new renting of parking lot is assumed to take place; and recorded parking revenues as calculated based on the unit value level thus assumed. Recorded commission income of vending machines, etc. 4. Other revenues 600 as other revenues. Assessed an occupancy ratio level that will remain stable over the medium to long term based on the occupancy status of and the supply and demand trends of competing or alternative, etc. real estates with similar features in a comparable area within the same sphere of 5. Losses from vacancies 24,779 supply and demand, and past records and future prospects of the occupancy ratio of the subject property for each use; and recorded the losses from vacancies, etc. as calculated based on the occupancy ratio level thus assumed. Judged that no bad debt losses are necessary to be 6. Bad debt losses 0 recorded in view of the circumstances of lessees, etc. (2) Total expenses 66,857 － (7+8+9+10+11+12+13+14) Recorded the administrative and maintenance fees comprised of cleaning expenses, administrative and maintenance costs, security costs, etc., by taking into 7. Administrative and maintenance account the individualities of the subject property in 12,624 fees reference to actual amounts of the past fiscal years, current administrative and maintenance fees and administrative and maintenance fees of similar real estates. Recorded utility expenses by taking into account the 8.Utilities 20,700 occupancy ratio, etc., based on the actual results of the previous fiscal year. 9. Repairs 7,529 Recorded expenses for repairs by taking into account

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future management plans, the level of expenses of similar real estates and the annual average amounts of repairs in the engineering report, etc. in reference to prior actual performance. Land: Recorded based on the amount of tax base for fiscal 2012. Building: Recorded based on the amount of tax base for 10. Property and other tax 21,953 fiscal 2012. Depreciable Asset: Recorded based on the amount of tax base for fiscal 2012. Recorded based on the fee rates, etc. under current terms and conditions, considering the rate of fee rates for similar real estates and the individualities of the subject property in the process of the assessment of property 11. Property Management Fee 2,936 management fee, which is consignment fee payable to the outsourcee responsible for overall control of the tenant management service and building management service, etc. Recorded the fees associated with advertising and 12. Advertising expenses for 924 contracting new tenants, by taking into account annual tenants, etc. average tenant replacement rate. Recorded by taking into account insurance premium under current insurance estimate and rate of insurance 13. Casualty insurance 191 premium of the subject property and similar buildings, etc. 14. Other expenses 0 No particular expense to be recorded as other expenses. (3) Net operating income (NOI: (1)-(2) ) 149,136 － In regard to the lease deposit that is a lump sum payment exhibiting the nature of the money in custody, assessed a number-of-month-equivalent lease deposits that will remain stably passable over the medium to long term based on the required number-of-month-equivalent lease deposits for the current lease terms and new lease contracts as appraised; and calculated an operating profit (4) Operating profit of lump-sum money 2,404 of lump-sum money by multiplying the assumed number-of-month-equivalent lease deposits as adjusted for the occupancy ratio by an investment yield. Moreover, we assessed 2.0% as being the appropriate investment yield for the perspective of fund management during the period of deposit, by taking into account the level of interest rate, etc. for both asset management and financing. Assessed by taking into account the level of capital expenditure for the similar real estates, and the age of the property and the annual average amount of renewal (5) Capital expenditures (including 18,100 costs in the relevant engineering report, on the routine repairs) assumption that a projected average amount will be set aside in every fiscal period although the actual costs will arise on an irregular basis. (6) Net cash flow (NCF: (3)+(4)-(5)) 133,440 － Assessed based on a real-estate investment yield set for each area by Japan Real Estate Institute, by adjusting it with the spreads arising from location requirements, (7) Cap rate 5.5% standing of the building and other conditions for the subject property and by taking into account any future uncertainties and yields from similar real estate deals, etc. Price by Discounted Cash Flow method 2,400,000 － Discount rate 5.3% － Terminal cap rate 5.7% － Cost approach price 1,990,000 －

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Reference Material 2 Portfolio after Acquisition of Asset to be Acquired As of August 29, 2012 (scheduled) (scheduled) (scheduled) Share in Share in Property Acquisition Acquisition Price acquisition Type Name of Property type No. Date (Millions of yen) price (Note 2) (Note 1) (Note 2) (Note 2) A1 Daiei Himonya Dec. 25, 2003 15,300 3.6% A2 Joy Park Izumigaoka Dec. 22, 2003 6,770 1.6% A3 Daimaru Peacock Ashiya Kawanishi Dec. 22, 2003 769 0.2% A4 Re-LAND Shopping Center Sep. 17, 2004 5,200 1.2% A5 AEON MALL Uki (Note 3) Dec. 3, 2004 11,100 2.6% A6 TENJIN LUCE Apr. 14, 2006 6,500 1.5% A7 Yamada Denki Tecc Land Sakai Honten Apr. 28, 2006 3,210 0.8% A8 Miyamae Shopping Center Feb. 19, 2007 5,312 1.2% A9 KONAMI SPORTS CLUB Korigaoka Jun. 29, 2007 2,040 0.5% A10 ACTIOLE Minami-ikebukuro Sep. 27, 2007 3,760 0.9% A11 Tip’s Machida Building Dec. 27, 2007 4,100 1.0% A12 Daiei Takarazuka Nakayama Jan. 30, 2008 4,284 1.0% Retail maricom-ISOGO / SYSTEM PLAZA A13 Feb. 18, 2008 6,883 1.6% 31.6% Properties YOKOHAMA (Site) (retail portion) A14 ACTIOLE Kannai Jun. 30, 2008 2,410 0.6% A15 Shinsaibashi OPA Honkan Dec. 1, 2010 22,800 5.3% A16 Shinsaibashi OPA Kireikan Dec. 1, 2010 2,770 0.6% A19 Albore Jingumae Dec. 1, 2010 1,580 0.4% A20 Albore Sendai Dec. 1, 2010 2,590 0.6% A21 Mallage Kashiwa Dec. 1, 2010 7,040 1.6% A23 Ito-Yokado Owariasahi Dec. 1, 2010 4,840 1.1% A24 Yokohama Kariba Shopping Center (Note 4) Dec. 1, 2010 2,500 0.6% A25 Luz Jiyugaoka Jun. 15, 2011 5,090 1.2% A26 ACTIOLE Ichikawa Jun. 15, 2011 3,350 0.8% A27 VIVAHOME Yokohama Aoba (Site) Oct. 25, 2011 2,600 0.6% A28 Yamada Denki Tecc Land Aoba (Site) May 18, 2012 2,150 0.5% B1 T&G Hamamatsucho Building Dec. 26, 2003 2,257 0.5% B2 SK Nagoya Building Dec. 26, 2003 5,400 1.3% B3 Fukuoka Eartheon Building Dec. 26, 2003 2,080 0.5% B4 Marumasu Kojimachi Building Mar. 29, 2004 2,350 0.6% B5 Rokubancho K Building Mar. 30, 2004 2,150 0.5% B6 Shin-Osaka Central Tower (office portion) Dec. 2, 2004 14,279 3.3% B7 Kawasaki Toshiba Building Dec. 20, 2004 19,200 4.5% Office maricom-ISOGO / SYSTEM PLAZA 46.4% (A13) Buildings Feb. 28, 2008 5,021 1.2% YOKOHAMA (Site) (office portion) B8 UUR Toyocho Building (Note 5) Jun. 30, 2008 8,500 2.0% B9 FOUR SEASONS BLDG Dec. 25, 2009 4,200 1.0% B10 Hitachi High-Tech Building Dec. 1, 2010 14,800 3.5% B11 Pacific Marks Shinjuku Parkside Dec. 1, 2010 12,100 2.8% B12 Pacific Marks Tsukiji Dec. 1, 2010 6,860 1.6% B13 Pacific Marks Tsukishima Dec. 1, 2010 6,080 1.4%

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B14 Pacific Marks Yokohama East Dec. 1, 2010 7,050 1.7% B15 Pacific Marks Shin-Urayasu Dec. 1, 2010 3,920 0.9% B16 Omori City Building Dec. 1, 2010 4,120 1.0% B17 Akasaka Hikawa Building Dec. 1, 2010 3,290 0.8% B18 Pacific Marks Shibuya Koen-dori Dec. 1, 2010 2,570 0.6% B19 Pacific Marks Nihonbashi-Tomizawacho Dec. 1, 2010 1,890 0.4% B20 Pacific Marks Akasaka-mitsuke Dec. 1, 2010 2,210 0.5% B21 Yokohama Aioicho Building Dec. 1, 2010 1,060 0.2% B22 Pacific Marks Shin-Yokohama Dec. 1, 2010 1,710 0.4% B23 Pacific Marks Shinkawa Dec. 1, 2010 2,790 0.7% B25 Pacific Marks Kawasaki Dec. 1, 2010 9,890 2.3% Dec. 1, 2010 5,850 1.4% B26 Towa Hamamatsucho Building (Note 6) Oct. 31, 2011 410 0.1% total 6,260 1.5% B27 Lila Hijirizaka Dec. 1, 2010 2,750 0.6% B28 Pacific Marks Aobadai Dec. 1, 2010 1,620 0.4% B29 Otsuka HT Building Dec. 1, 2010 1,160 0.3% B30 Pacific Marks Shinjuku South-gate Dec. 1, 2010 2,460 0.6% B31 Pacific Marks Nishi-Umeda Dec. 1, 2010 6,860 1.6% B32 Pacific Marks Higobashi Dec. 1, 2010 4,570 1.1% B33 Nagoya Nishiki City Building Dec. 1, 2010 2,670 0.6% B34 Pacific Marks Esaka Dec. 1, 2010 9,590 2.2% B35 Pacific Marks Sapporo Kita-Ichijo Dec. 1, 2010 1,790 0.4% B36 Shin-Sapporo Center Building Dec. 1, 2010 987 0.2% B37 ARENA TOWER Jun. 16, 2011 9,500 2.2% B38 Yushima First Building Aug. 29, 2012 2,100 0.5% C1 Shinjuku Washington Hotel Honkan Dec. 22, 2003 21,140 5.0% (B6) Shin-Osaka Central Tower (hotel portion) Dec. 2, 2004 9,721 2.3% C2 Toyoko Inn Shinagawa-eki Takanawa-guchi Feb. 18, 2005 1,884 0.4% C3 Hotels MZ BLD. Apr. 10, 2008 3,800 0.9% 12.4% C4 HOTEL ROUTE INN Yokohama Bashamichi Jun. 30, 2008 4,720 1.1% C5 Hotel JAL City Naha Oct. 25, 2011 7,650 1.8% C6 Hotel JAL City Yotsuya Tokyo Dec. 26, 2011 4,200 1.0% D1 T&G Higashi-ikebukuro Mansion Dec. 26, 2003 2,021 0.5% D2 T&G Yotsuya Mansion Dec. 26, 2003 1,355 0.3% D3 Excellia Magome Dec. 26, 2003 697 0.2% D4 Komazawa Court Dec. 26, 2003 1,680 0.4% D5 Ropponmatsu Court Dec. 26, 2003 757 0.2% Residential D6 Sky Court Shiba-Daimon Oct. 15, 2004 1,175 0.3% 9.0% Properties D7 Maison Ukima Oct. 26, 2004 3,530 0.8% D8 Narashino Residence Oct. 26, 2004 1,140 0.3% D9 Aprile Shin-Ohgi Ichibankan Apr. 13, 2005 3,031 0.7% D10 UUR Court Sapporo Kita-Sanjo Mar. 16, 2006 1,278 0.3% D11 UUR Court Chiba Soga (Note 7) Feb. 8, 2006 620 0.1%

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D12 Higashi-kurume Dormitory Shinkan Feb. 8, 2006 480 0.1% D13 Nanzan Court Ichigokan Mar. 30, 2006 1,070 0.3% D14 Nanzan Court Nigokan Mar. 30, 2006 450 0.1% D15 CLIO Bunkyo Koishikawa Apr. 28, 2006 3,170 0.7% D16 GRAND-ROUGE Sakae Nov. 30, 2006 1,570 0.4% D17 GRAND-ROUGE Sakae II Dec. 26, 2007 1,300 0.3% D18 MA Sendai Building Sep. 24, 2008 3,440 0.8% D19 UUR Court Nagoya Meieki Sep. 30, 2008 1,473 0.3% D20 UUR Court Sapporo Shinoro Ichibankan Nov. 11, 2008 870 0.2% D21 Park Site IZUMI Nov. 21, 2008 900 0.2% D22 UUR Court Osaka Juso-honmachi Feb. 26, 2009 1,570 0.4% D23 UUR Court Kinshicho (Note 8) Jun. 15, 2011 2,900 0.7% D24 Glenpark Sapporo Premier Tower Jun. 28, 2012 2,050 0.5% E1 Others Lilycolor Tohoku Branch May 29, 2006 2,050 0.5% 0.5% Total 426,733 100.0% 100.0% (Notes) 1. The “Acquisition Date” of succeeded properties from Nippon Commercial Investment Corporation is described as December 1, 2010, the effective date of the merger. 2. The acquisition prices are rounded to the nearest one million yen. Ratios are rounded to first decimal place. Accordingly, the total of each column of ratios may not be equal to the total of relevant individual ratios. 3. The name of this property was changed from “AEON Mall Uki Value” to “AEON MALL Uki” on October 21, 2011. 4. The name of this property was changed from “Nitori Yokohama Kariba I.C.” to “Yokohama Kariba Shopping Center” on July 1, 2012. 5. The name of this property was changed from “Haseman Building Toyocho” to “UUR Toyocho Building” on April 17, 2012. 6. United Urban made an additional acquisition of this property on October 31, 2011. Please refer to “Notification Concerning Acquisition of Property (VIVAHOME Yokohama Aoba (Site) and Towa Hamamatsucho Building: Additional Acquisition)” dated October 26, 2011. 7. The name of this property was changed from “Soga Dormitory” to “UUR Court Chiba Soga” on November 8, 2011. 8. The name of this property was changed from “Le Monde Koto” to “UUR Court Kinshicho” on June 1, 2012. 9. Other than the above portfolio properties, United Urban holds anonymous association (tokumei kumiai) equity interest of Godo Kaisha Kichijoji YCM Funding (2,200 million yen) and Godo Kaisha Euler (250 million yen). For details, please refer to the “Notice Concerning Acquisition of Interest for Anonymous Association,” dated December 26, 2011 and the “Notice Concerning Acquisition of Interest for Anonymous Association (Godo Kaisha Euler),” dated March 27, 2012.

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Reference Material 3 Photo

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