Translation of Japanese Original July 5, 2011 To All Concerned Parties REIT Issuer: Kenedix Realty Investment Corporation 2-2-9 Shimbashi, Minato-ku, Tokyo Taisuke Miyajima, Executive Director (Securities Code: 8972) Asset Management Company: Kenedix REIT Management, Inc. Taisuke Miyajima, CEO and President Inquiries: Masahiko Tajima Director / General Manager, Financial Planning Division TEL.: +81-3-3519-3491 Notice Concerning Acquisitions of Properties (Conclusion of Agreements) (Total of 4 Office Buildings) Kenedix Realty Investment Corporation (“the Investment Corporation”) announced its decision on July 5, 2011 to conclude agreements to acquire 4 office buildings. Details are provided as follows. 1. Outline of the Acquisition (1) Type of Acquisition : Trust beneficiary interests in real estate (total of 4 office buildings) (2) Property Name and : Details are provided in the chart below. Planned Acquisition Price Anticipated Acquisition Price Property No. Property Name (In millions of yen) A-71 Kyodo Building (Iidabashi) 4,670 A-72 P’s Higashi-Shinagawa Building 4,590 A-73 Nihonbashi Dai-2 Building 2,710 A-74 Kyodo Building (Shin-Nihonbashi) 2,300 Total of 4 Office Buildings 14,270 *Excluding acquisition costs, property tax, city-planning tax, and consumption tax, etc. Each aforementioned building shall hereafter be referred to as “the Property” or collectively, “the Four Properties.” (3) Seller : Please refer to Item 4. “Seller’s Profile” for details. The following (4) through (9) applies for each of the Four Properties. This press release is not an offer to sell or a solicitation of any offer to buy the securities of Kenedix Realty Investment Corporation in the United States or elsewhere. Investment units may not be offered or sold in the United States without registration or an exemption from registration under the United States Securities Act of 1933 (the “Securities Act”). Any public offering of investment units to be made in the United States will be made by means of an English language prospectus prepared in accordance with the Securities Act that may be obtained from the Investment Corporation and that will contain detailed information about the Investment Corporation and its management, as well as the Investment Corporation’s financial statements. However, the Investment Corporation will not undertake a public offering and sale of investment units in the United States, and the investment units have not been and will not be registered under the Securities Act. 1 (4) Date of Contract : July 5, 2011 (5) Scheduled Date of : July 22, 2011 Acquisition Note: The scheduled date of acquisition for each of the Four Properties is July 22, 2011. However, in the event that the Investment Corporation and the sellers agree otherwise, the acquisition may be made before or later than this date (provided, however, that the acquisition date is no later than July 29, 2011). (6) Acquisition Funds : The proceeds from the issuance of new investment units through the public offering which was resolved in the Board of Directors Meeting held on July 5, 2011. (7) Conditions for The obligation to pay the purchase price to each of the sellers of the Four Conducting Purchase and Properties will come into effect upon the completion of capital raising for Sales the anticipated acquisition through the issuance of new investment units mentioned in (6) above by the Investment Corporation. (8) Settlement Method : Payment in full on delivery (9) Source of Acquisition : Acquired from other than related parties 2. Reason for Acquisitions The acquisitions of the Four Properties are made to raise the percentage of our investments in office buildings in the Tokyo Metropolitan Area, and to further enhance and stabilize the Investment Corporation’s overall investment portfolio, in accordance with its Articles of Incorporation and basic investment policies. The Investment Corporation will continue to maintain its investment policy of mainly investing in mid-sized office buildings in the Tokyo Metropolitan Area and will aim to construct a stronger portfolio. 3. Property Details A-71 Kyodo Building (Iidabashi) Property Name Kyodo Building (Iidabashi) Type of Specified Asset Trust beneficiary interest in real estate Trustee The Chuo Mitsui Trust and Banking Company, Limited Trust Term February 13, 2004 to September 30, 2012 (Note 1) Current Owner / Acquisition Date Giga 4 TMK / May 31, 2006 Previous Owner / Acquisition Date Kabushikigaisha K･S･Property / April 5, 2006 Location (Address) 2-26, Shimomiyabicho, Shinjuku-ku, Tokyo Usage Offices, Parking Type of Structure Flat-roofed, steel-frame reinforced concrete structure; one underground and eight above-ground floors Land 967.38 ㎡ Site Area Building 5,422.64 ㎡ Land Proprietary ownership Type of Ownership Building Proprietary ownership March 22, 1990 Completion Date (A large-scale renovation was conducted in 2008) This press release is not an offer to sell or a solicitation of any offer to buy the securities of Kenedix Realty Investment Corporation in the United States or elsewhere. Investment units may not be offered or sold in the United States without registration or an exemption from registration under the United States Securities Act of 1933 (the “Securities Act”). Any public offering of investment units to be made in the United States will be made by means of an English language prospectus prepared in accordance with the Securities Act that may be obtained from the Investment Corporation and that will contain detailed information about the Investment Corporation and its management, as well as the Investment Corporation’s financial statements. However, the Investment Corporation will not undertake a public offering and sale of investment units in the United States, and the investment units have not been and will not be registered under the Securities Act. 2 Architect K.K. Ono Rengo Sekkei Jimusho Construction Company Kumagai Gumi Co., Ltd. Construction Confirmation Authority Shinjuku ward, Tokyo Acquisition Price ¥4,670,000,000 Appraisal Value ¥4,750,000,000 Appraisal Base Date for Appraisal April 30, 2011 Appraiser Daiwa Real Estate Appraisal Co., Ltd. Existence of Secured Interests after None Acquisition Master Lease Company after Acquisition The Investment Corporation Property Management Company after Kenedix REIT Management, Inc. Acquisition (“the Asset Management Company”) Number of End Tenants 7 (As of April 30, 2011. The same applies below.) (Note 2) Total Leasable Floor Area 4,429.22 ㎡ Total Leased Floor Area 4,429.22 ㎡ (Note 2) Occupancy Ratio 100.0％ (Note 2) Monthly Rental Income ¥27,063,920 (Note 2)(Note 3)(Note 4) (Excluding Consumption Tax) Security and Guarantee Deposit ¥267,895,520 (Note 2)(Note 4) Special None Considerations Notes: 1. The Investment Corporation plans to change the trust term to until August 1, 2020 at the time of acquisition. 2. With regards to the end tenant currently occupying the sixth floor portion of the Property, it has concluded a termination of the lease agreement (date of termination: September 7, 2011) on May 31, 2011. Furthermore, the Investment Corporation has concluded a lease agreement Other with a new end tenant for the floor of concern. 3. The figure is the total amount (as of July 16, 2011) after the full amount of the current rent according to lease agreements for end tenants of whose lease had begun as of April 30, 2011, has occurred. 4. Monthly rental income and guarantee deposit information is exclusive of parking amounts, cost of utilities and other revenues. (1) Area The Property is an office building with convenient access located approximately three minutes on foot from Iidabashi Station where five routes, the JR Chuo Main Line, the Tokyo Metro Characteristics Tozai Line, the Yurakucho Line, the Nanboku Line and the Toei Subway Oedo Line, can be of the Property used. Its highly visible location facing Mejiro-dori is also a feature, and as it is close to the Iidabashi intersection where major roads such as Sotobori-dori cross ways as well as to the exit of the Ikebukuro Route on the Shuto Expressway, it is a location where access by car is also favorable. This press release is not an offer to sell or a solicitation of any offer to buy the securities of Kenedix Realty Investment Corporation in the United States or elsewhere. Investment units may not be offered or sold in the United States without registration or an exemption from registration under the United States Securities Act of 1933 (the “Securities Act”). Any public offering of investment units to be made in the United States will be made by means of an English language prospectus prepared in accordance with the Securities Act that may be obtained from the Investment Corporation and that will contain detailed information about the Investment Corporation and its management, as well as the Investment Corporation’s financial statements. However, the Investment Corporation will not undertake a public offering and sale of investment units in the United States, and the investment units have not been and will not be registered under the Securities Act. 3 (2) Building Though the Property was constructed 21 years ago, a large-scale renovation was conducted in 2008 on the entrance, air conditioning, common areas, etc. and it is of a grade no less superior than that of newly constructed buildings. The typical floor has a leasable floor area of about 594m2 (approximately 179 tsubo), a ceiling height of 2.60m and, as for facilities, is equipped with individual air-conditioning systems, mechanical security