Sumisho Realty Management

Top Message

Sumisho Realty Management Co., Ltd. (SRM) was established in September 2007 as a wholly owned subsidiary of Sumitomo Corporation to provide asset management services in the form of private placement of the real estate funds for institutional investors in Japan and other countries.

Since its establishment, SRM has worked to set up and operate a large number of private placement real estate funds. In addition to this work, SRM commenced operation of SC Realty Private Investment Corporation, a private placement REIT (real estate investment trust), in 2015, as well as operation of SOSiLA Logistics REIT, Inc., a listed REIT, in 2019. SRM has thereby accumulated assets under management to meet the expectations held by its broad range of investors.

Tracing its origins to the real estate business, Sumitomo Corporation has accumulated a wealth of experience and expertise as a developer in its 100 years of existence. Through collaboration with group companies, it conducts a wide range of business activities, including planning, development, and operation of a full line-up of real estate encompassing office buildings, commercial facilities, residential properties, and logistics facilities.

SRM is committed to offer ing excel lent investment opportunities and high-quality asset management services to investors. To fulfill this mission, SRM applies the considerable real estate operating experience and expertise fostered within the Sumitomo Corporation Group and utilizes the extensive global information and planning skills unique to a general trading company.

As a prerequisite for its asset management business, SRM has since inception placed top priority on putting investors first and the full enforcement of compliance. We humbly ask for your continued support and encouragement as we, a professional team with expertise and experience not only in real estate and finance but also in various other fields, pursue these initiatives to be a company that responds to the trust our investors place in us.

President & CEO Hideki Yano

Explore the true value, provide the superior investment opportunity

■ Our basic premise as real estate professionals is that “investors come first.” We do our utmost to provide investors with excellent investment opportunities and services.

■ We offer high-quality services as a professional team that values its hands-on capabilities to handle practical business firmly and swiftly. We also value teamwork and place an emphasis on smooth communication.

■ We achieve rigorous compliance through the implementation of an effective internal management system and our senior management’s and employees’ maintaining of ethics.

To maximize the profits of investors, SRM strives to secure stable income over the medium to long term and steadily grow its assets under management.

SRM was established as the sole real estate asset management company of the Sumitomo Corporation Group. It was established from the construction and real estate business unit of Sumitomo Corporation, which has been serving as the core business at Sumitomo Corporation since its establishment.

Drawing upon the wealth of information and expertise the Sumitomo Corporation Group has accumulated over the years, SRM acts in line with the following business creed to maximize the profits of investors by uncovering and offering excellent investment opportunities that meet their needs.

Investors come �rst

Professional team

Rigorous compliance

Realization of high-quality services

Sumisho Realty Management

Sumitomo CorporationMaterials, Supplies & Real Estate Division

Subsidiaries of the Materials, Supplies & Real Estate Division

PT. Summitmas Property

SUMISHO BUILDING MANAGEMENT CO., LTD.

Property management of of�ce buildings

Sumisho Urban Kaihatsu, Co., Ltd.Planning, development,

management and operation of shopping centers

SUMISHO TATEMONO CO., LTD

Sales, brokerage, leasing and management of real estate

S.C. BUILDING SERVICE CO., LTD.Facility management of buildings

(the Tokyo Metropolitan Area)

HARUMI CORPORATIONFacility management of

Harumi Island Triton Square

S.C. BUILDING SERVICE WEST CO., LTD.

Facility management of buildings

(the Kansai region)

Management, operation, and leasing of of�ce buildings

(Jakarta)Asset management business for real estate

Sumisho Realty Management Co., Ltd.

Building Business Department

Planning, acquisition, development,

management, and operation of buildings

Retail Facilities Department

Planning, development, management, and

operation of retail facilities

Logistics Real Estate Business Department

Planning, development, management, and

operation of logistics facilities

Overseas Real Estate Business Department

Investigation, planning, acquisition, development,

management, and operation for overseas real

estate business

Housing & Urban Development

Business DepartmentHousing business and

housing-based multipurpose complex development projects

Real Estate Investment & Development

DepartmentBTS

(Build-to-Suit development) projects

Management Philosophy

Business Policy Business Creed

Commitment to “creating value”SRM is committed to delivering the

quality that forms the essential value of real estate: Effective

judgement in identifying genuine real estate with universal value.

Uncovering investment opportunities that focus on the essential value of real estate,

undeterred by market fluctuations.

Hands-on business creed

A self-initiated and disciplined effort to engage in every stage of

the fund business based on knowledge of the actual site

Offering optimal solutions based on proven track record (tailor-made

fund arrangement).

Building partnerships

Maximization of customer satisfaction by building strong

relationships between various fund players.

Maximizing profits of investors by constructing a scheme based on

the optimal partnership.

The core competence (the source of competitiveness) of SRM is forged as its strength. This strength is rooted in SRM’s business policy founded upon the business foundation SRM possesses as a member of the Sumitomo Corporation Group, a general trading company.

Business foundation as a member of the Sumitomo Corporation Group

Sumitomo CorporationMaterials, Supplies & Real Estate Division

Subsidiaries of the Materials, Supplies & Real Estate Division

PT. Summitmas Property

SUMISHO BUILDING MANAGEMENT CO., LTD.

Property management of of�ce buildings

Sumisho Urban Kaihatsu, Co., Ltd.Planning, development,

management and operation of shopping centers

SUMISHO TATEMONO CO., LTD

Sales, brokerage, leasing and management of real estate

S.C. BUILDING SERVICE CO., LTD.Facility management of buildings

(the Tokyo Metropolitan Area)

HARUMI CORPORATIONFacility management of

Harumi Island Triton Square

S.C. BUILDING SERVICE WEST CO., LTD.

Facility management of buildings

(the Kansai region)

Management, operation, and leasing of of�ce buildings

(Jakarta)Asset management business for real estate

Sumisho Realty Management Co., Ltd.

Building Business Department

Planning, acquisition, development,

management, and operation of buildings

Retail Facilities Department

Planning, development, management, and

operation of retail facilities

Logistics Real Estate Business Department

Planning, development, management, and

operation of logistics facilities

Overseas Real Estate Business Department

Investigation, planning, acquisition, development,

management, and operation for overseas real

estate business

Housing & Urban Development

Business DepartmentHousing business and

housing-based multipurpose complex development projects

Real Estate Investment & Development

DepartmentBTS

(Build-to-Suit development) projects

Strengths of SRM

About Sumitomo Corporation Group

Strengths of SRM (core competence)

Business foundation of Sumitomo Corporation Group Business foundation of the Materials, Supplies & Real Estate Division of Sumitomo Corporation

■ Creditworthiness

■ Global operating and customer network

■ Accumulation of diverse human resources and expertise

×■ Real estate planning, development, operation, and

management capabilities■ Real estate solution capability■

Expectation

Trust

Security

Meeting the diverse needs of investors

Business foundation of the Materials, Supplies & Real Estate Division of

Sumitomo Corporation

Business foundation of Sumitomo Corporation Group

Accumulated expertise related to office buildings, commercial facilities, logistics facilities, and a various asset types

Major Properties Under Management

Retail Facility (Fujisawa City, Kanagawa)

Complex Facility (Yokohama City, Kanagawa)

Logistics Facility (Kasukabe City, Saitama)

Office (Miami, USA)

Office (Chiyoda-ku, Tokyo)

Office (Osaka City, Osaka)

Retail Facility (Kobe City, Hyogo)

Retail Facility (Shibuya-ku, Tokyo) Logistics Facility (Sagamihara City, Kanagawa)

Residence (Adachi-ku, Tokyo) Residence (Suginami-ku, Tokyo)

Office (Chiyoda-ku, Tokyo) Office (Chiyoda-ku, Tokyo)

Office (Chicago, USA)

Office (Chiyoda-ku, Tokyo)

Office (Atlanta, USA)

Logistics Facility (Yokohama City, Kanagawa)

Domestic Assets

Overseas Assets

Sumisho Realty Management Co., Ltd.Sumitomo Corporation KYOBASHI BLDG. 9F

1-17-10, Kyobashi, Chuo-ku, Tokyo 104-0031 Japan

TEL: +81-3-4346-0571 FAX: +81-3-4346-0574

https://www.sumisho-rm.co.jp/en/

Assets Under ManagementAssets Under Management

1.5%

Complex Facility

7.9%

19.1% 24.8%

6.3%

24.2%Indicates the compositionratio by use of assets undermanagement to totalassets under managementas of March 2020(balance of assets undermanagement by use/ totalassets undermanagement).

5.6%

30.6%

1.5%

16.2%

46.1%

Assets under management is the sum of the total amount of (1) acquisition prices at the base point in time of assets owned by customerswho entrust SRM with asset management contracts, etc. and (2) total assets of customers at the end of the most recent fiscal period.

*

The asset management contracts, etc. include contracts concluded by Sumitomo Corporation that SRM inherited after it began operation.The assets management contracts, etc. are not limited to investment advisory contracts as defined by the Financial Instruments andExchange Act, but do include contracts (other contracts) for providing services related to the operation and management of assets that donot involve giving advice on investment decisions regarding buying or selling.

5,000

4,500

4,000

3,000

3,500

2,500

2,000

1,500

1,000

500

0End ofMar.2007

End ofMar.2008

End ofMar.2009

End ofMar.2010

End ofMar.2011

End ofMar.2012

End ofMar.2013

End ofMar.2014

End ofMar.2015

End ofMar.2016

End ofMar.2017

End ofMar.2018

End ofMar.2019

End ofMar.2020

(JPY hundred million)

Corporate Profile

Company Name Sumisho Realty Management Co., Ltd.

BusinessDescription

Investment Management Business,Investment Advisory and Agency Business,Type II Financial Instruments Business, andReal Estate Brokerage Business.

Address Sumitomo Corporation KYOBASHI BLDG. 9F1-17-10, Kyobashi, Chuo-ku, Tokyo 104-0031 Japan

Start of Business September 20, 2007

Paid-in Capital 100 million yen

Shareholders Sumitomo Corporation (100%)

No. of Employees(full-time)

63 (as of Mar. 31, 2020)

ExecutiveOfficers

President & CEO Hideki Yano

Director Nobuhiko Matsumoto

Director Hideyuki Harashima

Director Masaaki Yano

Director Shigeharu Nagata

Director Takehiko Nishitani

Auditor Akihiko Nomoto

Licenses, Etc. Financial Instrument Business (Director of Kanto Local Finance Bureau (Kinsho) No. 1807)(Investment Management Business, Investment Advisory and Agency Business, and Type II Financial Instruments Business)Real Estate Brokerage Business (Governor of Tokyo (3) No. 88541)Discretionary Transaction Agent (Ministry of Land, Infrastructure, Transport and Tourism No. 80)

Membership The Investment Trusts Association, JapanJapan Investment Advisers AssociationThe Association for Real Estate Securitization

Composition Ratio by Use

Composition Ratio by Region

Indicates the compositionratio by region of assetsunder management to totalassets under managementas of March 2020(balance of assets undermanagement by region/total assets undermanagement).

*

16.2%

Land withLeaseholdInterest

Other

Office

Residence

Retail FacilityLogistics Facility

Other (Domestic)

Kansai area

Kanto area

Overseas

Tokyo 23 wards

Private REIT Private fund Overseas J-REIT

Auditor

Valuation Committee

REIT Investment Committee

J-REIT Investment Committee

Compliance & Risk Committee

Compliance Department

Internal Audit Department

Board of Directors

President

Private REIT BusinessDepartment

・Private REITacquisition・Asset management

for Private REITs

・J-REIT acquisition・Asset management

for J-REITs

J-REIT BusinessDepartment

・Management planning, newbusiness, public relations・ESG, market research,

technical support, etc.

Business PlanningDepartment

・Institutional management oflisted/private REITs・Financial affairs & IR

REIT ManagementDepartment

・Formation andmanagement ofprivate funds (mainlyoverseas funds)

Investment ManagementDepartment Ⅱ

・Formation andmanagement ofprivate funds (mainlydomestic funds)

Investment ManagementDepartment Ⅰ

Organization

ESG Promotion Committee

Private Fund Division Corporate Division

・Company-wide ESGpromotion

ESG Promotion Team

・Technical support forconstruction

Engineering Team

・Various research

Market Research Team

Private Fund Committee

Shareholder's Meeting

Corporate CoordinationDepartment

・General affairs, HR,accounting and informationsystems, etc.

・Employee training,training programdevelopment/promotion

Training Team

Indication of Advertisements, Etc. Pursuant to Article 37 of the Financial Instrumentsand Exchange ActAs a financial instruments business operator, the Company runs an investment management business, an investment advisory and agency business, and a Type II financial instruments business. Although the Company provides a wide range of operations both great in variety and highly unique, the financialproducts in which the Company deals are mainly real properties, beneficiary interests in trust of real properties, and equity interest in silent partnerships(Tokumei Kumiai – “TK”) backed by real estate beneficiary interests, etc.

■ Investment RisksWhen you invest in real estate beneficiary interests and equity interest in a TK, etc., please take heed of the following risks.・Real estate beneficiary interests and equity interests in a TK, etc. are financial products with real properties that have fluctuating prices as the underlyingassets. They do not guarantee the principal. Any and all profits generated or losses incurred from investment in these products will be attributable to you.・Dividends from real estate beneficiary interests and equity interests in a TK, etc. may decrease due to fluctuations in prices and other indexes in the realestate market. The value of your real estate beneficiary interests and equity interests in a TK, etc. may also decline, resulting in a loss that causes your realestate beneficiary interests and equity interests in a TK, etc. to become deficient or causing your initial principal to disappear.・Dividends from real estate beneficiary interests and equity interests in a TK, etc. may decrease in line with changes in the credit standing of the partiesassociated with the TK investment business or the trust. The value of your real estate beneficiary interests and equity interests in a TK, etc. may alsodecline, resulting in a loss that causes your real estate beneficiary interests and equity interests in a TK, etc. to become deficient or causing your initialprincipal to disappear.・Dividends from real estate beneficiary interests and equity interests in TK, etc. may decrease, or a loss may arise depending upon the operational state(vacancy rate) of the real properties as underlying assets and as a result of changes in rent levels (including those attributable to the market rates prevailingin the neighboring areas and those attributable to causes inherent in the underlying real properties), changes in tenants or sub-tenants, whether or not thereal properties in trust are leasable, changes in costs and expenses necessary for the leasing business or in taxes or other public dues, or other similarcauses.･If you suffer a loss as a result of our failure to perform our debt obligations, we shall be liable to compensate you for the loss. However, please note that ifwe are without sufficient financial resources, we may not be able to fulfill this obligation.･If the trust estate suffers a loss due to the negligence of the trustee of the trust, the trustee shall be liable to compensate you for the loss. However, pleasenote that if the trustee is without sufficient financial resources, the trustee may not be able to fulfill this obligation. You may also be requested to waive yourright to claim for compensation.

■ Charges and Fees<Asset management business for investment corporations>・The charges and fees for asset management services which we receive from investment corporations, who are our customers, are determined individuallybased on the articles of association of the investment corporations and the asset management agreements we have with these investment corporations.Therefore, we are unable to state the amount and the method for calculating these charges and fees in advance.

<Asset management business (discretionary investment business)>・We receive a discretionary investment fee from our customers based on the discretionary investment agreements concluded with those customers. Thediscretionary investment fee is determined on an individual basis through consultation with customers in accordance with respective specific circumstances.Therefore, we are unable to state the amount and methods used in calculating these charges and fees in advance.

<Investment advisory and agency business>・We receive an investment advisory fee from a customer based on the investment advisory agreement we have concluded with that customer. Theinvestment advisory fee is determined individually upon consultation with the customer depending on each specific circumstance. Therefore, we are unableto state the amount and the method for calculating these charges and fees in advance.

<Type II financial instruments business>･We may receive a fee for the handling of private placement or a fee for intermediary services from a customer based on the agreement on the handling of privateplacement or the intermediary agreement we have concluded with that customer. Although the amount of the fee for intermediary services is based on the amountof remuneration for mediation services under the Building Lots and Buildings Transaction Business Act, the fee for the handling of private placement or the fee formedication services will be determined in accordance with the services provided. Therefore, we are unable to state the amount and method for calculating thesefees in advance.･Various costs and expenses may be incurred in association with the acquisition and possession of real estate beneficiary interests and equity interests in a TK, etc.These costs and expenses primarily consist of the following: Fees paid to lawyers, accountants, arrangers, asset managers, and similar parties for the formulation,maintenance, operation, and dissolution of the scheme and the preparation and check of related documents; fees paid to real estate appraisers, companiespreparing engineering reports, and surveying companies for the performance of due diligence on the properties; brokerage fees paid to brokers; FA fees paid tofinancial advisers; loan fees, interest, interest cap costs, and similar fees paid to financial institutions providing non-recourse loans; fees paid to the securitiescompany for the handling of private placement; trust fees paid to the trust bank; entrustment fees paid to the administrative agent; audit fees paid to the auditingfirm; tax and accounting expenses; PM expenses; building management expenses; costs and expenses associated with the engineering work, repair, and the likeof the properties; insurance premiums; utilities charges; registration charges; and fixed property tax, city planning tax, depreciable property tax, and other publicdues.

■ Other Points to Note･This document is intended only to provide an overview of the Company.･The information stated on this document may be changed without notice. The Company does not guarantee the accuracy, completeness, and credibility ofthe content stated on this document.･The Company does not guarantee the principal and yields of the financial products in which the Company deals.･Although this document may include certain considerations, plans, estimates, and projections or other forward-looking statements, the Company does notguarantee the realization of any of these statements in any sense.･Risks and fees, etc. associated with investments differ according to the individual financial product. Therefore, when you make an investment, we ask thatyou make an investment decision based on your own judgment and at your own risk, making sure to read the pre-contract documents, contracts andbusiness plans, etc. delivered by the Company or a distribution company in advance.･The fund-related information stated on this document is intended to provide an overview of the investment performance and asset size of the funds theCompany is entrusted to manage, and is not intended for the solicitation of investment in the funds. The information is also not intended to serve as aguarantee or promise of future investment performance.

Sumisho Realty Management Co., Ltd.Financial instruments business operator, Director of Kanto Local Finance Bureau (Kinsho) No. 1807Investment management business, investment advisory and agency business, and Type II financial instruments businessMembership: The Japan Investment Advisers Association and the Investment Trusts Association, Japan