Unitholders' Capital

(As of February 29, 2024)

Total Unitholders' Capital (yen)	268,042,601,360
Number of investment units authorized (units)	8,000,000
Number of investment units issued and outstanding (units)	2,320,000

Changes in the number of investment units issued and outstanding and total unitholders' capital in the past five years are shown in the table below.

Date	Event	Number of investment units issued and outstanding (units)		Total unitholders' capital (thousand yen)		Remarks
		Amount of increase	Balance	Amount of increase	Balance
March 1, 2019	Capital increase through public offering	138,000	2,065,000	32,879	196,110	(Note 1)
March 26, 2019	Capital increase through third-party allotment	10,000	2,075,000	2,382	198,492	(Note 2)
March 2, 2020	Capital increase through public offering	121,000	2,196,000	33,273	231,766	(Note 3)
September 1, 2021	Capital increase through public offering	115,000	2,311,000	33,643	265,409	(Note 4)
September 28, 2021	Capital increase through third-party allotment	9,000	2,320,000	2,632	268,042	(Note 5)

(Note 1)	Investment units were issued by public offering with an issue price of ¥245,784 per unit (paid-in amount: ¥238,260) in order to raise funds for the acquisition of new properties, etc.
(Note 2)	Additional investment units were issued with a paid-in amount of \238,260 per unit in order to raise funds for the acquisition of new properties, etc.
(Note 3)	Investment units were issued by public offering with an issue price of ¥283,670 per unit (paid-in amount: ¥274,986) in order to raise funds for the acquisition of new properties, etc.
(Note 4)	Investment units were issued by public offering with an issue price of ¥301,791 per unit (paid-in amount: ¥292,552) in order to raise funds for the acquisition of new properties, etc.
(Note 5)	Additional investment units were issued with a paid-in amount of \292,552 per unit in order to raise funds for the acquisition of new properties, etc.
(Note 6)	There are no investment units that do not have voting rights in accordance with the provisions of Article 308, paragraph 2 of the Companies Act, as applied mutatis mutandis pursuant to Article 94 of the Investment Trusts Act (treasury investment units), or investment units that do not have voting rights in accordance with the provisions of Article 160 of the Regulation for Enforcement of the Act on Investment Trusts and Investment Corporations (Order of the Prime Minister’s Office No. 129 of 2000, as amended) (cross-held investment units).

Major Unitholders