Notice Concerning Acquisition and Lease of Domestic Real Estate
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July 11, 2016 For Translation Purposes Only Real Estate Investment Trust Securities Issuer Samty Residential Investment Corporation 1‐8‐3 Marunouchi, Chiyoda‐ku, Tokyo Tetsuro Kawamoto, Executive Director (Securities Code: 3459) Asset Management Company: Samty Asset Management Co., Ltd. Yosuke Masuda, President Inquiries: Takeshi Fujiwara Director Business Management Department Phone: +81‐3‐5220‐3841 Notice Concerning Acquisition and Lease of Domestic Real Estate Samty Residential Investment Corporation (“Samty Residential”) announces that Samty Asset Management Co., Ltd. (the “Asset Management Company”), to which Samty Residential entrusts management of its portfolio assets, decided today to acquire and lease the 20 properties described below (the “Properties to be Acquired”). As the sellers of these assets fall under the category of an interested party, etc. as defined under the Act on interested Investment Trusts and Investment Corporations (Act No. 198 of 1951, as amended; the “Investment Trusts Act”), the Asset Management Company obtained the consent of Samty Residential to the acquisition based on the approval at Samty Residential’s Board of Directors’ meeting held on July 11, 2016, pursuant to the Investment Trusts Act. 1. Overview of the Properties to be Acquired Planned Date of Name of property to acquisition Planned Property conclusion Acquisition Settlement Area be acquired Location price(Note 2) date of Seller number of fund method (Note 1) (Million acquisition agreement yen) Higashi S‐RESIDENCE Shin August 2, GK Bridge A‐17 Yodogawa‐ku, 2,489 Proceeds Osaka Ekimae 2016 Third Osaka‐shi from the Higashi‐ku, August 1, Undisclosed issuance of A‐18 S‐FORT Aoi 1‐Chome 1,080 Nagoya‐shi 2016 (Note 3) new Higashi‐ku, August 2, Marumo investment A‐19 S‐FORT Aoi 870 Nagoya‐shi 2016 Corporation. units Higashi‐ku, determined A‐20 S‐FORT Kurumamichi 400 ICHI Co., Ltd. Nagoya‐shi August 1, at Samty Nishi‐ku, 2016 Undisclosed Residential’s A‐21 S‐FORT Kamiotai 720 Nagoya‐shi (Note 3) Board of Directors’ Lump‐sum Major Naka‐ku, Marumo A‐22 S‐FORT Tsurumai arts 680 July 11, meeting payment Regional Nagoya‐shi Corporation. 2016 held on July upon Cities Naka‐ku, Samty Co., A‐23 S‐FORT Tsurumai cube 570 11, 2016, delivery Nagoya‐shi Ltd. borrowings S‐FORT Fukuoka Hakata‐ku, Undisclosed (Note 4) A‐24 1,900 , Higashi Fukuoka‐shi (Note 3) proceeds S‐RESIDENCE Kobe Chuo‐ku, August 2, Samty Co., A‐25 1,200 from Motomachi Kobe‐shi 2016 Ltd. issuance of S‐FORT Kobe Nagata‐ku, GK Bridge A‐26 1,858 investment Kaguracho Kobe‐shi Third corporation Nakagyo‐ku, (Note 5) A‐27 S‐FORT Nijo‐jo mae 812 bonds Kyoto Samty Co., and cash on Higashiyama‐ Ltd. A‐28 S‐FORT Chion‐in mae 500 hand ku, Kyoto Disclaimer: This translation is for informational purposes only. Neither Samty Residential Investment Corporation nor Samty Asset Management Co., Ltd. guarantees the accuracy or completeness of the translation. If there is any discrepancy between the Japanese version and the English translation, the Japanese version shall prevail. This document is an English translation of a press release for public announcement concerning property acquisition and leasing by Samty Residential, and has not been prepared as an inducement or invitation for investment. We caution investors to refer to Samty Residential’s prospectus (available in Japanese) and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. 1 Aoba‐ku, A‐29 S‐FORT Miyamachi 1,085 Sendai‐shi Suita‐shi, B‐05 S‐RESIDENCE Esaka 2,323 Osaka GK Bridge Utsunomiya‐s Third Other B‐06 S‐FORT Utsunomiya 612 hi, Tochigi Regional S‐FORT Yokkaichi Yokkaichi‐shi, Marumo Cities B‐07 630 Nishishinchi Mie Corporation. B‐08 S‐FORT Saga Honjo Saga‐shi, Saga 1,050 B‐09 S‐FORT Saga Idaimae Saga‐shi, Saga 375 Samty Co., S‐RESIDENCE Yokosuka Yokosuka‐shi, Ltd. Greater C‐10 850 Chuo Kanagawa Tokyo Sagamihara‐s GK Bridge Area C‐11 S‐FORT Sagamihara 585 hi, Kanagawa Third (Note 1) The property names indicated are names after changes were made by Samty Residential. The same follows. Samty Residential plans to change the names of the Properties to be Acquired to the names indicated in the table above as soon as they are acquired. The current names of the properties are as shown in the table below Number Current property name A‐18 Grand Mast Nunoike Koen A‐19 Grand Duke Aoi A‐20 Arcadia Tsutsui A‐21 Grand Mast Kamiotai A‐22 Grand Duke Chiyoda 3‐chome A‐24 Ciel’s Secure Fukuoka Higashi A‐26 WillDo Kaguracho A‐27 Grand E’terna Nijo‐jo mae A‐28 Grand E’terna Chion‐in mae A‐29 Grand Mir Miyamachi B‐06 Riviere Utsunomiya I B‐07 Grand Duke Nishishinchi B‐08 Grand E’terna Saga B‐09 Grand E’terna Saga Idai Dori C‐11 Human Heim Sagamihara (Note 2) “Planned acquisition price” is the amount which will be required for the acquisition of the Properties to be Acquired excluding various costs such as commissions for mediation of transaction, taxes and public dues, etc. (the amount of the price of purchase of the real estate, etc. indicated in the purchase agreements, etc. for the acquisition). Amounts less than a million yen are rounded down. (Note 3) The seller is not disclosed as no consent to disclosure was obtained from the company. (Note 4) For details of the borrowings, please refer to the press release “Notice Concerning Borrowing of Funds” announced today by Samty Residential. (Note 5) For details of the issuance of the investment corporation bonds, please refer to the press release “Notice Concerning Issuance of Investment Corporation Bonds” announced today by Samty Residential. 2. Reason of Acquisition and Leasing The acquisition and leasing of the properties will be conducted based on Samty Residential’s investment policy which calls for “Stability” (diversified investments in strictly selected residential properties nationwide), “Growth potential” (expansion of the portfolio size by continually investing in new properties centered on major regional cities) and “Earnings potential” (realization of anticipated high returns by investing in carefully screened residential properties located in major regional cities). In its Asset Management Guidelines, Samty Residential has set the targeted investment ratio of regional cities in the entire portfolio at around 70%, as well as established the policy of investing in the greater Tokyo area at around 30% as a target in order to expand the asset size and diversify the portfolio of properties. Following this policy, Samty Residential has invested in regional cities widely around Japan, without concentrating on the Greater Tokyo area. At present, however, in consideration of the current market conditions including an increase in real estate prices in the greater Tokyo area, the investment ratio in regional cities has been raised to 82.5% based on the (planned) acquisition price. The rise is not only due to efforts from a viewpoint of maintaining and enhancing profitability but also a reflection of the fact that Samty Residential has placed priority on increasing the stability of the portfolio through progressing diversification in expanding the number Disclaimer: This translation is for informational purposes only. Neither Samty Residential Investment Corporation nor Samty Asset Management Co., Ltd. guarantees the accuracy or completeness of the translation. If there is any discrepancy between the Japanese version and the English translation, the Japanese version shall prevail. This document is an English translation of a press release for public announcement concerning property acquisition and leasing by Samty Residential, and has not been prepared as an inducement or invitation for investment. We caution investors to refer to Samty Residential’s prospectus (available in Japanese) and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility. 2 of properties incorporated in the portfolio and the number of cities where such properties are located, and increasing the number of tenants, among other measures. Furthermore, the investment ratio by area after acquiring these properties is projected to be 82.5% for regional cities (67.4% for major regional cities and 15.1% for other regional cities) and 17.5% for the greater Tokyo area based on the (planned) acquisition price. Going forward, Samty Residential will aim to steadily expand the asset size. 3. Details of the Properties to be Acquired and Leasing (1) Overview of Individual Properties of the Properties to be Acquired The overview of the Property to be Acquired is as shown in the table below. Unless otherwise specified, the information in the tables describing the overview of the respective properties is as of July 11, 2016. Furthermore, the following tables may refer to real estate that are the Properties to be Acquired or real estate that are the trust assets of real estate trust beneficial interests as the “Property.” Please refer to the following terms with regard to the tables ・“Location” is based on the residential address. However, for properties that have no residential address, the building address on the registry is indicated. In addition, “Use,” “Construction completion,” “Structure and floors” and “Total floor area” of buildings are based on information in the real estate registry, and may not necessarily be identical with the present state ・“Planned acquisition price” is the amount which will be required for the acquisition of the Properties to be Acquired excluding various costs such as commissions for mediation of transaction, taxes and public dues, etc. (the amount of the price of purchase of the real estate, etc. indicated in the purchase agreements, etc. for the acquisition). Amounts less than a million yen are rounded down. ・“Trustee” indicates the trustee or planned trustee of trust pertaining to the trust real estate.