For Immediate Release

March 28, 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.
Yuji Yamada, CEO & President
Inquiries: Hirotaka Uruma, CFO & Director Finance & Corporate Planning Department TEL: +81-3-3595-1265

Notice Concerning Acquisition Settlement of Trust Beneficiary Rights in Real Estate (Royal Parks Wakabadai)

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

Property No / Property Name

：

3020 Royal Parks Wakabadai

Asset Type

：

Beneficiary right in trust that places real estate in trust

Acquisition Price (Note 1)

：

¥4,360,000,000

Execution Date of Agreement

：

March 28, 2014

Acquisition Date

：

March 28, 2014

Seller (Note 2)

：

Daiwa House Industry 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 constitutes an interested party of DHI or the Asset Management Company. Consequently, such transactions have undergone the procedures required by the Interested-Party Transaction Rules bylaws of the Asset Management Company.

For details of the above acquisition, please refer to the press releases "Notice Concerning the Proposed
Acquisition of Trust Beneficiary Rights in Real Estate" dated March 20, 2014.

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

March 20, 2014 "Notice Concerning the Proposed Acquisition of Trust Beneficiary Rights in Real Estate "

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 JreSS release is to be dffiiooted to the Kabuto Oub (the press club ofthe Thkyo Stock Exchange); the Miniffiy ofLand,In:fulsbudure,

1hlmpooandThuri5m Press Qub; andtheMinistry ofLand,Inframudure, 'ltaniipOO: andThuri5m Press Qubfor Cmi'buctim Publicatims.

* URL ofthe DID'sweiNte: hllp://rniwahouse-resi-n:itco.jplwgl

Thìs English language notice is a tmnslation of the Japanese language natiee issued on the same day and was prepared solely far the co!TJ!enience of, and rejèrence by, overseas investors. DHI makes no warranties as to ìts accumcy or completeness.

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