Translation Purposes Only March 26, 2021 To All Concerned Parties Name of REIT Issuer: Hulic Reit, Inc. 2-26-9 Hatchobori, Chuo-ku, Tokyo, Japan Eiji Tokita, Executive Officer (TSE Code: 3295) Contact: Asset Management Company Hulic REIT Management Co., Ltd. Kazuaki Chokki, President and CEO Person to Contact: Hiroshi Machiba, CFO, Head of Planning and Administration Division and General Manager of Finance and Planning Department Tel: +81-3-6222-7250 Notice concerning the Acquisition and Transfer of Property TOKYO, March 26, 2021 – Hulic Reit, Inc. (“Hulic Reit”) announces that Hulic REIT Management Co., Ltd. (“Hulic REIT Management”), which is entrusted with the management of the assets of Hulic Reit, has made the decision today to acquire (“Acquisition”) and transfer (“Transfer”) the properties listed below (hereinafter individually or collectively referred to as the “Property”). Since the counterparty to the Acquisition of the Property includes an Interested Person, etc. (as defined in item 3 of Notes below) of Hulic REIT Management, and is an interested party according to Hulic REIT Management’s Regulations on Transactions with Interested Parties, the necessary procedures stipulated in the Act on Investment Trusts and Investment Corporations (Act No. 198 of 1951, as amended) (“Act”) and Hulic REIT Management’s internal policies (including Regulations on Transactions with Interested Parties) have been completed concerning the Acquisition. 1. Overview of the acquisition and transfer (A) Assets planned for acquisition (1) (2) (3) (4) (5) (6) (7) Category Property name Location Assets scheduled to Anticipated Seller Presence of be acquired acquisition price Intermediary (Millions of yen) (Note 1) Tokyo Commercial Property Real estate trust Hulic Ueno Hulic Co., Office Taito-ku, Tokyo beneficiary rights 4,100 None Building Ltd. (Note 3) (Note 2) Next-Generation Assets Plus Private Real estate trust Hulic Co., nursing Hulic Chofu Chofu-shi, Tokyo 3,340 None beneficiary rights Ltd. (Note 3) homes Total － － 7,440 － － (8) Acquisition decision date : March 26, 2021 Disclaimer: This press release is an announcement concerning the acquisition and transfer of property of Hulic Reit and was not prepared for the purpose of soliciting investment. When investing, Hulic Reit advises investors to do so at their own responsibility and discretion, after carefully reading the prospectus on the issuance of new investment units and the secondary offering of investment units as well as any amendments prepared by Hulic Reit. 1 (9) Date of purchase and sale agreement : March 26, 2021 (10) Anticipated acquisition date (Note 4) : March 31, 2021 (11) Payment date (Note 4) : March 31, 2021 (12) Acquisition funds : Cash reserves and proceeds from the Transfer (13) Settlement method : Full payment upon delivery Notes: 1. “Anticipated acquisition price” does not include consumption or local taxes or the costs and expenses related to the acquisition. 2. This is a trust beneficiary right whereby the trust assets consist of ownership rights for a bank branch building and its site and co-ownership interests (50.0%) in unit ownership rights for tower parking on the north side of the parking lot, as well as quasi-co-ownership interests (50.0%) in other leaseholds on the site of the parking lot based on a land rental agreement. We plan to acquire 90.0% of quasi-co-ownership in these trust beneficiary rights. 3. Hulic Co., Ltd. is an Interested Person, etc. (as defined in Article 201 of the Act and Article 123 of the Order for Enforcement of the Act on Investment Trusts and Investment Corporations (Cabinet Order No. 480 of 2000, as amended); the same shall apply hereinafter) of Hulic REIT Management, and is an interested party according to Hulic REIT Management’s Regulations on Transactions with Interested Parties. 4. The anticipated acquisition date and payment date are stated in the relevant purchase and sale agreement. (B) Asset planned for transfer (1) Category Tokyo Commercial Property (Office) (2) Property name Shinagawa Season Terrace (3) Location Minato-ku, Tokyo (4) Asset planned for transfer Real estate trust beneficiary rights (Note 1) (5) Anticipated transfer price (Note 2) 6,280 million yen (6) Estimated book value (Note 3) 5,920 million yen (7) Transfer difference (Note 4) +359 million yen (8) Transfer decision date March 26, 2021 (9) Date of purchase and sale agreement March 26, 2021 (10) Anticipated transfer date (Note 5) March 30, 2021 (11) Date payment received (Note 5) March 30, 2021 (12) Counterparty to the transfer Undisclosed (Note 6) (13) Presence of intermediary None (14) Transferred funds The balance after the allocation of gain from the transfer (Note 7) is expected to be applied toward the price of the Acquisition. (15) Settlement method Full payment upon delivery Notes: 1. We plan to transfer 25.0% (all of Hulic Reit's equity) of quasi-co-ownership interest in trust beneficiary rights whereby the trust assets are co-ownership interests in unit ownership rights for the stores, assembly hall, and clinic from the first floor to the third floor and the offices from the sixth floor to the tenth floor and the eighteenth floor to the twenty-sixth floor (18.0%), co-ownership interests in the offices on the fifth floor (approximately 3.4%), quasi-co-ownership interests in other leaseholds for the building site based on a land rental agreement (approximately 9.5%) and land use lease rights for the land near the building (18.0%). 2. ”Anticipated transfer price” does not include consumption or local taxes or the costs and expenses related to the transfer. 3. Estimated book value as of the anticipated transfer date rounds down units of less than one million yen. 4. The difference between the anticipated transfer price and estimated book value rounds down units of less than one million yen. 5. The anticipated transfer date and payment date are stated in the purchase and sale agreement. 6. The counterparty to the transfer is a company based in Japan. Further information is undisclosed because the counterparty has not consented to such disclosure. 7. We expect to set aside part of the gains on transfer (about 69 million yen) as internal reserves. Disclaimer: This press release is an announcement concerning the acquisition and transfer of property of Hulic Reit and was not prepared for the purpose of soliciting investment. When investing, Hulic Reit advises investors to do so at their own responsibility and discretion, after carefully reading the prospectus on the issuance of new investment units and the secondary offering of investment units as well as any amendments prepared by Hulic Reit. 2 2. Reason for acquisition and transfer (A) Assets planned for acquisition In accordance with the basic policies of Hulic Reit, the purpose of acquiring the Property is to improve the portfolio. Hulic REIT Management has assessed each property based on the following factors: ・Hulic Ueno Building 1) Characteristics of the location This property is located on the corner of an area lined with office buildings along Chuo Dori, which is a three-minute walk from Ueno Hirokoji Station, the nearest station, on the Tokyo Metro Ginza Line. In addition to the nearest station, this property is within walking distance of many train stations, including Okachimachi Station on the JR Yamanote Line, among other lines, and Yushima Station on the Tokyo Metro Chiyoda Line. This property is very close to the city center and has outstanding access to transportation. The Ueno-Okachimachi area in which the property is located has long been a densely concentrated commercial and industrial district centered around Ueno Station. Ueno Station functions as a terminal hub in which passengers can access many train lines, including Shinkansen, JR conventional lines, subways, and private railway lines, positioning this station as the northern entrance to Tokyo. In addition, many companies have established bases in this area to oversee their operations in Joto and Johoku areas in Tokyo. This property's location along the major road gives it excellent visibility in the Ueno-Okachimachi area, and ample frontage has been secured as well. As such, we believe this property should be evaluated highly. 2) Characteristics of the property This property is an office building with one floor below ground and eight floors above ground. The first through fourth floors and the sixth floor are occupied by a bank, the fifth and seventh floors are sales offices for customer visits (part of the fifth floor is occupied by a bank) and the eighth floor consists of offices. It is a small-to-medium-scale office building with a total floor space of approximately 4,376 m2 (approximately 1,323 tsubo) (Note) and a standard area per floor of approximately 450 m2 (approximately 136 tsubo), which is the most popular size in this area and neighboring areas. Uniform shapes of rental units and highly efficient space usages are both factors that we believe will be popular among tenants. Ceilings are 2,550 mm high (comparable with OA in the future) and both individual air-conditioning systems and central air systems are available. These satisfy basic specifications that will meet general tenant needs. This property was completed in 1986, but given that many office buildings near this site were also completed around the same time (among other factors), we believe that this building will be valued highly in this area. Given these factors, we have determined that this property has a certain competitiveness in terms of site, scale and facilities. Note: This building consists of two buildings⸻the bank branch building and a parking lot⸻but the figures provided here are based on the entries in the property registry for the bank building. ・Hulic Chofu 1) Characteristics of the location This property is located a five-minute walk from Chofu Station on Keio Railway's Keio Line.