DAIWA HOUSE REIT INVESTMENT CORPORATION 
By March 20, 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 the Proposed Acquisition of Trust Beneficiary Rights in Real EstateDaiwa House Residential Investment Corporation ("DHI") announced its decision today to acquire trust beneficiary rights in real estate as follows:
1. Acquisition Background and Rationale
DHI decided to acquire Royal Parks Wakabadai (the "Acquisition") in order to secure stable revenue over the medium to long term based on the investment policy set forth in DHI's Articles of Incorporation.
2. Acquisition Details
Property Name (Note 1) | Royal Parks Wakabadai |
Asset Type | Beneficiary rights in trust that places real estate in trust |
Acquisition Price (Note 2) | ¥4,360,000,000 |
Seller | Daiwa House Industry Co., Ltd. |
Execution Date of Sale and Purchase Agreement (planned) | March 28, 2014 |
Acquisition Date (planned) | March 28, 2014 or on a date agreed upon by the seller and DHI |
Method of Settlement | Payment of entire amount upon delivery |
Acquisition Funds | The property bought using cash on hand |
(Note 1) The to-be-acquired asset is Royal Parks Wakabadai (residential tower) and Frespo Wakabadai East (retail tower), and these are collectively referred to as "Royal Parks Wakabadai."
(Note 2) Excluding such amounts as expenses related to acquisition, amount equivalent to reimbursement of taxes and dues, etc., and amount equivalent to consumption taxes.
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.
3. Asset Description
Name and Location, etc. of Respective Real Estate
Type of specified asset Beneficiary right in trust that places real estate in trust
Present titleholder Daiwa House Industry Co., Ltd. Trustee Sumitomo Mitsui Trust Bank, Limited Expiration date of trust period August 31, 2023
Location Lot number 2-1-1, Wakabadai, Inagi city, Tokyo
Residence indication 2-1-1, Wakabadai, Inagi city, Tokyo (Note 1)
Form of ownership Fixed-term leasehold
2
Land
Site area 18,350.46m
Zoning Commercial zone
Building coverage ratio / Floor area ratio 80% / 400%
Form of ownership Proprietary ownership
Usage Apartment complex, Retail (Residential tower) Retail (Retail tower)
2
Building
Total floor area 21,306.41m
(Note 2)
Structure / Number of floors RC structure, 14F (Residential tower) S structure, 3F (Retail tower)
Construction completion date November 13, 2009 (Residential tower) November 13, 2009 (Retail tower)
Overview of Leasing (as of February 28, 2014)
Total number of tenants | 3 (Note 3) | Monthly rent (incl. common area charges) | ¥ 42,995 thousand |
Number of leasable units | 192 | Deposits, guarantees, etc. | ¥ 102,000 thousand |
Number of leased units 192 Occupancy rate 100.0% Leasable floor area 21,367.93m
Leased floor area 21,367.93m2 Breakdown of Residential Unit Type
Type
As a percentage of total number of units (Residential tower, residence)
Property management company
Daiwa Living Co., Ltd. (Residential tower) Daiwa Lease Co., Ltd. (Retail tower)
Daiwa Living Co., Ltd.
Compact Type 5% Master lease company
Family Type 95% Master lease type
Collateral N/A
(Residential tower) Daiwa Lease Co., Ltd. (Retail tower)
Rental guarantee type (Residential tower, residence and retail) and pass-through type (Residential tower, retail)
Engineering Report
Building investigation agency
Tokio Marine & Nichido Risk
Consulting Co., Ltd.
Earthquake resistance investigation agency
Tokio Marine & Nichido Risk
Consulting Co., Ltd.
Report date March 2014 Report date February 2014
Emergency repair expenses 0 Earthquake probable maximum loss
4.4% (Residential tower)
6.2% (Retail tower)
Short-term repair expenses
(within 1 year) 0
Long-term repair expenses
Soil environment investigation agency
Tokio Marine & Nichido Risk
Consulting Co., Ltd.
(next 12 years) ¥242,999 thousand Report date July 2013
Building replacement cost ¥4,221,400 thousand Summary of engineering report
No matters were pointed out in particular.
Building Developer, Designer, Structural Designer, Building Contractor and Building Confirmation Agency
Building developer DM Development Wakabadai LLC Building contractor Daiwa House Industry Co., Ltd., tokyo brunch
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.
Building designer | NTT FACILITIES, INC., building engineering headquarters, urban construction architect's office | Building confirmation agency | Japan Housing Finance Promotion Association |
Structural designer | NTT FACILITIES, INC., building engineering headquarters, urban construction architect's office | Building confirmation agency | Japan Housing Finance Promotion Association |
Other Information | |||
(Note 1) The address of the property does not comply with residence indication. (Note 2) In addition to the total floor area indicated, there is a registered annex building (type: parking lot; structure: RC structure, 5F, 2F; floor area: 7,558.60m2), but the area of the registered annex building is not included. (Note 3)DHI rent the 3F roof portion for Daiwa House Industry Co., Ltd. as a place of solar energy generation. The total number of tenants is 3 including 2 master lease companies. | |||
Location Environment and Other Property Characteristics | |||
The property is located approximately one minute walk from "Wakabadai" Station on the Keio Sagamihara Line and thus boasts extremely excellent access to the nearest station. With a large-scale retail facility in close proximity, it is convenient in terms of lifestyle. | |||
Matters of Special Note | |||
The following is an overview of the leasehold interest in land. Holder of the leased fee interest in land: Urban Renaissance Agency; Land leasehold period: 60 years from November 30, 2006 (1) Approval is required from the holder in the event of disposition of the property, in the event of subleasing of all or part of the leased land, in the event of disposition of the leasehold interest in land or buildings, etc. on the leased land, in the event of pledging of buildings, etc. on the leased land or right to claim repayment of deposits as collateral, in the event of reconstruction or renovation and expansion of the buildings on the leased land, in the event of subleasing of the buildings, etc. on the leased land newly to a third party, in the event of execution of a new periodic building lease agreement or property management agreement, in the event of change of the business structure of the master lease company and such, or in the event of amendments to the asset management agreement between DHI and the Asset Management Company, etc. (2) In the event that the holder of the leased fee interest in land cancels the land leasehold agreement for such reasons as breach of the land leasehold agreement by the holder of the leasehold interest in land, the holder of the leasehold interest in land shall be liable to pay a 488 million yen penalty (however, the concerned penalty amount is subject to adjustment depending on changes in the Consumer Price Index). |
[Explanation of Entries in Table Above]
The summary of the respective real estate in trust is the information as of February 28, 2014, unless otherwise specified.
a. Explanation of "Name and Location, etc. of Respective Real Estate"
(i) "Present titleholder" is the parties that sold the real estate, etc. to DHI.
(ii) "Trustee" is the trustee or the party that is scheduled to become the trustee of the to-be-acquired asset.
(iii) "Location (Lot number)" is the lot number as indicated in the register, and "Location (Residence indication)" is the residence indication of
the asset to be acquired as indicated in the register (for properties without residence indication, the location of the building is as indicated in the register (only one location is indicated for properties that have several locations)).
(iv) "Form of ownership" for the land and building are the kind of rights held by the trustee for the asset scheduled for acquisition.
(v) "Site area" for the land is the area of the land recorded in the register.
(vi) "Zoning" for the land is the zoning provided in Article 8, Paragraph 1, Item 1 of the City Planning Act.
(vii) "Building coverage ratio" for the land is the ratio of the building area of the building to the site area as stipulated in Article 53 of the
Building Standards Act and is the maximum figure of the building coverage ratio determined by city planning in accordance with the zoning, etc. (designated building coverage ratio). Designated building coverage ratios may be relaxed / increased, or decreased, since the building is a fireproof building in a fire prevention district, or for other reasons. Therefore it may differ from the actual building coverage ratio to be applied.
(viii) "Floor area ratio" for the land is the ratio of the total floor area of the building to the site area as stipulated in Article 52 of the Building
Standards Act and is the maximum figure of the floor area ratio determined by city planning in accordance with the zoning, etc.
(designated floor area ratio). Designated floor area ratios may be relaxed / increased, or decreased, since the width of the road adjacent to the site, or for other reasons. Therefore it may defer from the actual floor area ratio to be applied.
(ix) "Usage" for the building is the primary use out of the types recorded in the register.
(x) "Total floor area" for the building is the sum total of the floor area recorded in the register. (xi) "Structure / Number of floors" for the building is the structure recorded in the register.
"Structure / Number of floors" entries use the following acronyms.
RC: Reinforced concrete structure SRC: Steel reinforced concrete structure S: Steel framed structure
(xii) "Construction completion date" for the building is when construction was completed as recorded in the register.
b. Explanation of "Overview of Leasing"
(i) "Overview of Leasing" numerical figures and information are based on information as of February 28, 2014 and have been derived
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.
based on numerical figures and information granted us from the previous owner of the asset scheduled for acquisition.
(ii) "Total number of tenants" enters the number of tenants as 1 if there is a master lease agreement concluded with the sublessee. In the
foregoing case, the number of leased units is calculated on the assumption that consent for the sublessee to become the lessor has been obtained from all end-tenants. The entry is 1 tenant when 1 party leases multiple rental units.
(iii) "Number of leasable units" is the number of units of the asset scheduled for acquisition that is leasable as of February 28, 2014.
(iv) "Number of leased units" is the number of units for which a lease agreement has been concluded with an end-tenant for he asset scheduled for acquisition as of February 28, 2014.
(v) "Leasable floor area" is the floor area of the real estate in trust that is leasable based on information as of February 28, 2014.
(vi) "Leased floor area" is the sum total of the floor area of the asset scheduled for acquisition entered in the lease contract concluded with end-tenants as of February 28, 2014. However, where there is clearly an error in the lease contract entry, that based on information received from the previous titleholder of the acquired asset, completion drawings, etc. is shown.
(vii) "Monthly rent (incl. common area charges)" is, in principle, in the case where the master lease type is the pass-through type, the sum total amount of the monthly rent (including common area charges, but excluding the monthly use fees for parking space, trunk room and other ancillary facilities and consumption taxes etc.) entered in the lease contract, etc. concluded between the master lease company
or the titleholder of the real estate / real estate in trust and end-tenants. In addition, in the case where the master lease type is the rent-guaranteed type, it is the sum total amount of the guaranteed amount of monthly rent (including common area charges, but excluding the monthly use fees for parking space, trunk room and other ancillary facilities and consumption taxes, etc.) entered in the
rent-guaranteed sublease contract concluded between the master lease company and the titleholder of the real estate / real estate in trust or the rent-guaranteed sublease contract concluded between the master lease company and the sublessee to which the master lease company is blanket subleasing. However, in the case where agreements of different master lease types are concluded, it is the sum total
amount of the monthly rent of the pass-through type and monthly rent of the rent-guaranteed type. Amounts are rounded down to the nearest thousand yen.
(viii) "Deposits, guarantees, etc." is, in principle, in the case where the master lease type is the pass-through type, the sum total of the balance
of the deposits, guarantees, etc. that must be returned to end-tenants based on the lease agreement concluded between the master lease company or the titleholder of the real estate / real estate in trust and end-tenants, rounded down to the nearest thousand yen. However, in the case where there is a portion that need not be returned due to special provisions for non-refundable deposits, amortization of deposits, etc. in lease agreements, the amount after deducting the concerned amount is shown. In addition, in the case where the master lease type is the rent-guaranteed type, it is the balance of the deposits, guarantees, etc. based on the rent-guaranteed lease contract concluded between the master lease company and the titleholder of the real estate / real estate in trust or the rent-guaranteed sublease contract concluded between the master lease company and the sublessee to which the master lease company is blanket subleasing. However, in the case where agreements of different master lease types are concluded, it is the sum total amount of the deposits, guarantees, etc. of the pass-through type and deposits, guarantees, etc. of the rent-guaranteed type. Amounts are rounded down to the nearest thousand yen.
(ix) "Occupancy rate" is the ratio of leased floor area to leasable floor area of the asset scheduled for acquisition, rounded to one decimal place.
(x) "Property management company" is the property management company that, as of today, is delegated property management services for the asset scheduled for acquisition.
(xi) "Master lease company" is the lessee that has a blanket lease agreement concluded with the Present titleholder for the purpose of
subleasing to third parties.
(xii) "Master lease type" is "Pass-through type" when the master lease agreement concluded is not one based on payment of a guaranteed amount of rent, while it is "Rent-guaranteed type" when the master lease agreement concluded is one based on payment of a
guaranteed amount of rent. With "Pass-through type," rent is received only when subleasing actually takes place.
c. Explanation of "Breakdown of Residential Unit Type"
(i) "Breakdown of Residential Unit Type" is based on the following classification.
Exclusive-use floor area | |
Compact Type | 60m2 or less |
Family Type | More than 60m2 |
(ii) "As a percentage of total number of units" is the ratio of the number of leasable units of the residential unit type to the number of leasable units of the asset scheduled for acquisition, rounded to one decimal place. Accordingly, the sum total of the entered percentages does not necessarily add up to 100.0%.
d. Explanation of "Engineering Report"
(i) "Engineering Report" is based on the entries in the engineering report prepared for the asset scheduled for acquisition.
(ii) "Earthquake probable maximum loss" represent the probable maximum loss from an earthquake as being the amount of probable loss of damage that may result from an earthquake having 0.21% annual exceedance probability (475-year return period) expressed as a percentage (%) of the replacement cost (Note).
(Note) Replacement cost: Refers to the expenses that will be incurred if the existing building is to be newly constructed at the time of investigation.
e. Explanation of "Other Information"
"Other Information" provides an explanation of matters that need to be noted with respect to the entries of the items in the summary of the asset scheduled for acquisition.
f. Explanation of "Location Environment and Other Property Characteristics"
"Location Environment and Other Property Characteristics" is, in principle, based on the entries of real estate appraisal reports for the asset
scheduled for acquisition.
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.
g. Explanation of "Matters of Special Note"
"Special Notation" presents matters recognized to be of importance in terms of the rights, use, etc. of assets, as well as matters recognized to
be of importance in consideration of the degree of impact on the appraised value, profitability and appropriation of assets, including the following matters.
(i) Significant limitations or restrictions by laws, ordinances, rules and regulations
(ii) Significant burdens or limitations pertaining to rights, etc.
(iii) Significant cases where there are buildings, etc. crossing the boundaries of real estate in trust and cases where there are issues with boundary confirmation, etc.; and related arrangements, etc.
(iv) Significant agreements, arrangements, etc. made with co-owners or condominium unit owners
4. Seller Profile
Trade name Daiwa House Industry Co., Ltd. Head office location 3-3-5, Umeda, Kita-ku, Osaka Representative Naotake Ohno, President and COO Main line of business General construction business Capital ¥161,699 million (August 19, 2013) Established March 4, 1947
Net assets ¥609,016 million (March 31, 2013) Total assets ¥1,634,124 million (March 31, 2013)
Major stockholder and ratio
(March 31, 2013)
Stockholder Ratio
The Master Trust Bank of Japan, Ltd. (trust account) 4.94% Japan Trustee Services Bank, Ltd. (trust account) 4.18% Sumitomo Mitsui Banking Corporation 2.68%
Relationship with DHI and Asset Management Company
Capital Relationship As of February 28, 2014, the Company holds 10.1% of the total number of DHI investment units issued and outstanding. As of February 28, 2014, the Company also holds 100% of the total number of Asset Management Company shares issued and outstanding.
Personnel Relationship As of February 28, 2014, of the officers and officials of the Asset Management Company, twelve are personnel dispatched from the Company.
Business Relationship The Company has a support agreement with DHI and the Asset Management Company, based on which the Company provides the first refusal right, a warehousing function, etc. for residential properties, etc. to DHI and the Asset Management Company. In addition, the Company is the property management company and lessee (master lease company) for real estate, etc. held by DHI.
Status of Classification as Related
Party
The Company constitutes a related party of DHI and the Asset Management Company. The Company is also the Asset Management Company's parent company.
Other The Company constitutes an interested party as set forth in the bylaws of the Asset Management Company.
5. Broker Profile
(1) Broker Profile
Trade name | Sumitomo Mitsui Trust Bank, Limited |
Head Office Address | 1-4-1, Marunouchi, Chiyoda-ku, Tokyo |
Representative | Hitoshi Tsunekage, President and CEO |
Principal Activities | Trust banking business |
Capital | ¥ 342,037 million (As of March 31, 2013) |
Established | July 28, 1925 |
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.
Relationship with DHI and Asset Management Company | ||
Capital Relationship | There is no capital relationship to describe between DHI, asset management company and Sumitomo Mitsui Trust Bank, Limited. | |
Personnel Relationship | As of February 28, 2014, of the officers and officials of the Asset Management Company, one is personnel dispatched from the Company. | |
Business Relationship | The Company has a basic agreement on the provision of brokerage information on properties, etc. with DHI and the Asset Management Company, based on which the Company provides sale and brokerage information on income-producing real estate to DHI and the Asset Management Company. The Company is also DHI's asset custodian, general administration operator, unitholder registration operator, special account managing institution, investment corporation bond manager, investment corporation bond general administration operator, trustee and lender. | |
Status of Classification as Related Party | The Company does not constitute a related party of DHI or the Asset Management Company. Furthermore, affiliated persons or affiliated companies of the Company do not constitute a related party of DHI or the Asset Management Company. | |
Other | The Company constitutes an interested party as set forth in the bylaws of the Asset Management Company. |
(2) Broker's Commission
¥ 10,000 thousand
(Note) Excluding amount equivalent to consumption taxes.
6. Status of Property Owners, etc.
Property name | Royal Parks Wakabadai | ||
Status of property titleholders, etc. | Present trust beneficiary interest holder (initial settlor) | Previous holder of leasehold interest in land | |
Name of company/individual | Daiwa House Industry Co., Ltd. | N/A | |
Relationship with party having particular vested interest | See "4. Seller Profile" above | N/A | |
Acquisition background, rationale, etc. | Self-developed property | N/A | |
Acquisition value | - | N/A | |
Acquisition timing | - | N/A |
7. Relationship with Interested Party
Daiwa House Industry Co., Ltd. (seller and lessee), Daiwa Living Co., Ltd. and Daiwa Lease Co., Ltd. (property management and master lease company) and Sumitomo Mitsui Trust Bank, Limited (broker and trustee) constitute interested parties as set forth in the bylaws of the Asset Management Company. Consequently, such transactions have undergone the procedures required by the Interested-Party Transaction Rules bylaws of the Asset Management Company.
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.
8. Matters Concerning Earthquake Resistance, etc.
The to-be-acquired asset has not undergone investigation concerning seismic resistance performance, etc. by a third party institution since structural calculation conformity judgment has been performed by a designated structural calculation conformity judgment institution in accordance with the Building Standards Act.
In addition, in the course of due diligence upon property acquisition, DHI has earthquake risk analyses conducted separate to the investigation of examination/confirmation conducted by the confirmation and investigation agencies. The analyses are based on a design drawing review, ground survey, etc. using structural drawings, structural calculation documents and other materials.
9. Future Prospects
The Acquisition will have only a minor impact on operating status forecasts for the fiscal period ending in August 2014 (17th Fiscal Period: from March 1, 2014 to August 31, 2014), there is no revision to the operating status forecasts.
For operation status forecasts for the fiscal period ending in February 2015 (18th Fiscal Period: from September 1, 2014 to February 28, 2015) that take the Acquisition into account is currently being assessed and will be announced once determined.
Kessan tanshin for the fiscal period ending in February 2014 (16th Fiscal Period: from September
1, 2013 to February 28, 2014) will be announced onApril 10, 2014.
* This press release is to be distributed to the Kabuto Club (the press club of the Tokyo Stock Exchange); the Ministry of Land, Infrastructure, Transport and Tourism Press Club; and the Ministry of Land, Infrastructure, Transport and Tourism Press Club for Construction Publications.
* URL of the DHI's website: http://daiwahouse-resi-reit.co.jp/eng/
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.
[Reference Information]
1. Summary of Real Estate Appraisal
Real estate appraiser DAIWA REAL ESTATE APPRAISAL CO., LTD.
Date of value opinion: February 28, 2014
Date of appraisal: March 13, 2014
Final opinion of value | 4,550,000,000 |
A. Value indicated by the cost approach | 4,660,000,000 |
B. Value indicated by the income approach | 4,550,000,000 |
1. Value indicated by the income approach based on the direct capitalization method
(Inwood method of capitalization over a definite term)
4,490,000,000
(1) Total revenue 555,994,916 ①＋②＋③＋④-⑤
①Rent income 524,072,616
② Common area charges income 31,717,884
③ Parking space income 22,500,000
④ Other income 8,870,580 Rent income pertaining to solar power generation, antenna income, etc.
⑤ Losses from vacancies, etc. 31,166,164
(2) Total expenses 250,274,478 Sum total of a. to h. a. Maintenance and
management expenses 30,388,000
b. Utilities expenses 4,576,572
c. Repair expenses 9,456,095 Including restore expenses d. Property management fee 10,336,648
e. Leasing fee 10,632,652 f. Taxes and dues 35,529,300 g. Non-life insurance expenses 939,211
h. Other expenses 148,416,000 Land rent etc.
(3) Operating income from property
leasing 305,720,438 (1) − (2)
(4) Operating revenue from
deposits/guarantees, etc. 2,797,888
(5) Loss on investment of leasehold
guarantee deposits 10,894,320
(6) Capital expenditures 16,407,833 Based on an assessment (taking into consideration the engineering report)
(7) Net operating income 281,216,173 (3) + (4) − (5) − (6) (8) Discount rate based on the Inwood
method of capitalization over a
definite term
2. Value indicated by the income
5.9%
approach based on the DCF method 4,570,000,000
Discount rate (during period from 1st
year to 10th year) 5.7%
Discount rate at resale (from 11th year to
expiration of the land leasehold agreement)
6.1%
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.
2. Real Estate Portfolio List after Acquisition of Property
Area (Note 1) | Property No. | Property Name | Acquisition Date (Note 2) | Acquisition Price (Note 3) | Investment Ratio (Note 4) | |
Residential | Area 1 | 1001 | Qiz Ebisu | March 22, 2006 | 7,650 | 3.3% |
Residential | Area 1 | 1002 | Castalia Azabujuban Shichimenzaka | March 22, 2006 | 4,500 | 1.9% |
Residential | Area 1 | 1003 | Castalia Shibakoen | March 22, 2006 | 2,630 | 1.1% |
Residential | Area 1 | 1004 | Castalia Ginza | March 22, 2006 | 2,520 | 1.1% |
Residential | Area 1 | 1005 | Castalia Hiroo | March 22, 2006 | 2,220 | 0.9% |
Residential | Area 1 | 1006 | Castalia Nihonbashi | March 22, 2006 | 1,200 | 0.5% |
Residential | Area 1 | 1007 | Castalia Hacchobori | March 7, 2007 | 2,300 | 1.0% |
Residential | Area 1 | 1008 | Castalia Azabujuban | June 21, 2007 | 2,910 | 1.2% |
Residential | Area 1 | 1009 | Castalia AzabujubanⅡ | June 21, 2007 | 2,690 | 1.1% |
Residential | Area 1 | 1010 | Castalia Shinjuku Natsumezaka | June 21, 2007 | 1,865 | 0.8% |
Residential | Area 1 | 1011 | Castalia GinzaⅡ | June 21, 2007 | 1,800 | 0.8% |
Residential | Area 1 | 1012 | Castalia Shibuya Sakuragaoka | June 21, 2007 | 1,400 | 0.6% |
Residential | Area 1 | 1015 | Castalia Nishi Azabu Kasumicho | April 1, 2010 | 2,143 | 0.9% |
Residential | Area 1 | 1016 | Castalia Ochanomizu | April 1, 2010 | 1,770 | 0.8% |
Residential | Area 1 | 1017 | Castalia Sangubashi | April 1, 2010 | 1,393 | 0.6% |
Residential | Area 1 | 1018 | Castalia Suitengu | April 1, 2010 | 1,279 | 0.5% |
Residential | Area 1 | 1019 | Castalia SuitenguⅡ | April 1, 2010 | 1,138 | 0.5% |
Residential | Area 1 | 1020 | Castalia Shintomicho | April 1, 2010 | 932 | 0.4% |
Residential | Area 1 | 1021 | Castalia ShintomichoⅡ | April 1, 2010 | 825 | 0.4% |
Residential | Area 1 | 1022 | Castalia Harajuku | April 1, 2010 | 887 | 0.4% |
Residential | Area 1 | 1023 | Castalia Yoyogi Uehara | April 1, 2010 | 608 | 0.3% |
Residential | Area 1 | 1024 | Castalia Sendagaya | April 1, 2010 | 555 | 0.2% |
Residential | Area 1 | 1025 | Castalia Shinjuku 7 chome | April 1, 2010 | 464 | 0.2% |
Residential | Area 1 | 1027 | Castalia Ningyocho | April 1, 2010 | 947 | 0.4% |
Residential | Area 1 | 1028 | Castalia NingyochoⅡ | April 1, 2010 | 1,070 | 0.5% |
Residential | Area 1 | 1029 | Castalia Shin-Ochanomizu | April 1, 2010 | 914 | 0.4% |
Residential | Area 1 | 1030 | Castalia Higashi NihonbashiⅡ | April 1, 2010 | 1,370 | 0.6% |
Residential | Area 1 | 1031 | Castalia Jinbocho | April 1, 2010 | 1,160 | 0.5% |
Residential | Area 1 | 1032 | Castalia ShintomichoⅢ | April 1, 2010 | 675 | 0.3% |
Residential | Area 1 | 1033 | Castalia Shinjuku Gyoen | April 1, 2010 | 2,720 | 1.2% |
Residential | Area 1 | 1034 | Castalia Takanawadai | April 1, 2010 | 860 | 0.4% |
Residential | Area 1 | 1035 | Castalia Higashi NihonbashiⅢ | April 1, 2010 | 666 | 0.3% |
Residential | Area 1 | 1036 | Castalia Shinjuku GyoenⅡ | April 1, 2010 | 486 | 0.2% |
Residential | Area 1 | 1037 | Castalia ShintomichoⅣ | April 1, 2010 | 400 | 0.2% |
Residential | Area 1 | 1038 | Castalia TakanawadaiⅡ | April 1, 2010 | 1,190 | 0.5% |
Residential | Area 1 | 1039 | Castalia Minami Azabu | April 1, 2010 | 642 | 0.3% |
Residential | Area 1 | 1040 | Castalia GinzaⅢ | April 1, 2010 | 2,880 | 1.2% |
Residential | Area 1 | 1041 | Castalia Kayabacho | April 1, 2010 | 2,707 | 1.2% |
Residential | Area 1 | 1042 | Castalia Takanawa | April 1, 2010 | 7,430 | 3.2% |
Residential | Area 1 | 1043 | Castalia Higashi Nihonbashi | April 1, 2010 | 3,520 | 1.5% |
Residential | Area 1 | 1045 | Castalia Shinjuku | April 1, 2010 | 2,950 | 1.3% |
Residential | Area 1 | 1046 | Castalia Ichigaya | June 29, 2010 | 940 | 0.4% |
Residential | Area 1 | 1047 | Shibaura Island Bloom Tower | October 18, 2011 | 7,580 | 3.2% |
Residential | Area 1 | 1048 | Castalia Hatsudai | December 19, 2011 | 2,030 | 0.9% |
Residential | Area 1 | 1049 | Castalia Hatsudai II | September 27, 2013 | 1,900 | 0.8% |
Residential | Area 1 | 1050 | Castalia Ebisu | September 27, 2013 | 1,420 | 0.6% |
Residential | Subtotal | 92,136 | 39.3% | |||
Residential | Area 2 | 2001 | Castalia Meguro Kamurozaka | December 20, 2005 | 4,500 | 1.9% |
Residential | Area 2 | 2002 | IPSE Toritsudaigaku | March 22, 2006 | 648 | 0.3% |
Residential | Area 2 | 2004 | Castalia Yukigaya | March 7, 2007 | 1,110 | 0.5% |
Residential | Area 2 | 2005 | Castalia Yutenji | June 21, 2007 | 1,450 | 0.6% |
Residential | Area 2 | 2006 | Castalia Otsuka | June 21, 2007 | 1,480 | 0.6% |
Residential | Area 2 | 2007 | Castalia Kikukawa | June 21, 2007 | 817 | 0.3% |
Residential | Area 2 | 2008 | Castalia Meguro | April 1, 2010 | 844 | 0.4% |
Residential | Area 2 | 2009 | Castalia OtsukaⅡ | April 1, 2010 | 1,040 | 0.4% |
Residential | Area 2 | 2010 | Castalia Jiyugaoka | April 1, 2010 | 1,200 | 0.5% |
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.
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.
4017 | Castalia Maruyama Omotesando | April 1, 2010 | 1,740 | 0.7% | ||
4018 | Castalia Higashi Hie | April 1, 2010 | 960 | 0.4% | ||
4019 | Castalia Tower Nagahoribashi | April 1, 2010 | 3,400 | 1.5% | ||
4020 | Castalia Sannomiya | April 1, 2010 | 1,230 | 0.5% | ||
4021 | Castalia Kotodaikoen | April 1, 2010 | 481 | 0.2% | ||
4022 | Castalia Ichibancho | April 1, 2010 | 783 | 0.3% | ||
4023 | Castalia Omachi | April 1, 2010 | 656 | 0.3% | ||
4024 | Castalia Uemachidai | April 1, 2010 | 2,190 | 0.9% | ||
4025 | Castalia Tower Higobashi | April 1, 2010 | 2,670 | 1.1% | ||
4026 | Big Tower Minami Sanjo | November 1, 2010 | 1,740 | 0.7% | ||
4027 | Castalia Fushimi | January 14, 2011 | 2,260 | 1.0% | ||
4028 | Castalia Meieki Minami | August 1, 2011 | 720 | 0.3% | ||
4029 | Castalia Yakuin | September 26, 2011 | 930 | 0.4% | ||
4030 | Castalia Mibu | December 22, 2011 | 1,193 | 0.5% | ||
4031 | Castalia Tsutsujigaoka | September 3, 2012 | 1,208 | 0.5% | ||
4032 | Castalia Ohori Bay Tower | March 25, 2013 | 2,910 | 1.2% | ||
4033 | Royal Parks Namba | March 29, 2013 | 2,830 | 1.2% | ||
4034 | Castalia Shigahondori | June 26, 2013 | 1,730 | 0.7% | ||
Subtotal | 48,120 | 20.5% | ||||
Subtotal | 233,411 | 99.6% | ||||
Residential | Area 3 | 6001 | Urban Living Inage | June 24, 2013 | 930 | 0.4% |
(Residential properties for the elderly) Subtotal | 930 | 0.4% | ||||
Total | 234,341 | 100.0% |
(Note 1) Under "Area," "Area 1" refers to the 5 major wards of Tokyo (Chiyoda, Chuo, Minato, Shibuya and Shinjuku Wards), "Area 2" refers to the wards of Tokyo excluding "Area 1," "Area 3" refers to the Tokyo metropolitan area (Tokyo (excluding "Areas 1" and "Area 2")), Kanagawa, Saitama and Chiba Prefectures), and "Area 4" refers to other cities (areas with populations of approximately
100,000 people or more).
(Note 2) "Acquisition Date (planned)" is entered as the effective date of the merger (April 1, 2010) for properties that were held by the former
New City Residence Investment Corporation.
(Note 3) "Acquisition Price (planned)" is excluding such amounts as expenses related to acquisition, reimbursement of taxes and dues, etc., and consumption taxes. For properties that were held by the former New City Residence Investment Corporation, the price at which the properties were succeeded at the time of the merger (the appraisal value as of February 28, 2010) is shown. Amounts are rounded to the nearest million yen.
(Note 4) "Investment Share" is the ratio of the acquisition price to the total amount of acquisition prices, rounded to one decimal place.
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.
O Daiwa House Residentiallnvestment Corporation3. Photogrnph ofthe PropertyPlarmedfor Acquisition
This English language notice is a tmnslation ofthe Japanese language notice issued on the same day and was prepared solely far the convenience of, and rejèrence by, overseas investors. DHI makes no warranties as to its accumcy orcompleteness.
|
distributed by
|
