For Immediate Release

July 1, 2014
Investment Corporation: Daiwa House Residential Investment Corporation
7th Floor, Nissei Nagatacho Building
2-4-8 Nagatacho, Chiyoda-ku, Tokyo Tetsuji Tada, Executive Director (Code Number: 8984)
Asset Manager: Daiwa House Asset Management Co., Ltd.
Koichi Tsuchida, CEO & President
Inquiries: Hirotaka Uruma, CFO & Director Finance & Corporate Planning Department TEL: +81-3-3595-1265

Notice Concerning Acquisition Settlement of Real Estate (Morino Tonari)

Daiwa House Residential Investment Corporation ("DHI") announces its acquisition of real estate. The details are as follows:

Property No / Property Name

：

2050 Morino Tonari

Asset Type

：

Real estate

Acquisition Price (Note 1)

：

¥1,020,000,000

Execution Date of Agreement

：

July 1, 2014

Acquisition Date

：

July 1, 2014

Seller (Note 2)

：

Daiichi Koutsu Sangyo Co., Ltd.

Acquisition Funds

：

The property bought using cash on hand

(Note 1) Excluding such amounts as expenses related to acquisition, amount equivalent to reimbursement of taxes and dues, etc., and amount equivalent to consumption taxes.

(Note 2) The seller does not constitute a party with particular vested interest in DHI or the Asset Manager.

For details of the above acquisition, please refer to the press releases "Notice Concerning the Proposed Acquisition of Real Estate (Morino Tonari) and Trust Beneficiary Rights in Real Estate (Castalia Meguro Tairamachi)" dated June 20, 2014.

[Reference] For refer each press releases of DHI, please click each title below.

June 20, 2014 "Notice Concerning the Proposed Acquisition of Real Estate (Morino Tonari) and Trust Beneficiary Rights in

Real Estate (Castalia Meguro Tairamachi)"

This English language notice is a translation of the Japanese language notice issued on the same day and was prepared solely for the convenience of,

and reference by, overseas investors. DHI makes no warranties as to its accuracy or completeness.

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O Daiwa House Residentiallnvestment Corporation

* This press release isto be distributed to1he Kabuto Oub (1he press club offue Tokyo Stock Exchange);1he stzy ofLand, Infras1ructure, Transport andTourism Press Oub;and1he Ministry ofLand, Infrastructure,Transport andTourism Press Club for Ollli1ruc1ion Publications.

*URL of1he DHI's website : http :/ / daiwahouse-resi-reit.co.jp'engl

This English language notice is a translation of the Japanese language notice issued on the same day and was prepared solely for the convenience oj and reference by, overseas investors. DHI makes no warranties as to its accuracy or completeness.

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