INDUSTRY TRENDS

Most current topics on company strategies, policies, technologies, etc.
TOSEI REIT Cancels Listing, to be Dissolved
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TOSEI REIT Cancels Listing, to be Dissolved

BRIDGESTONE Moves into Pacific Century Place Marunouchi for 70,000 yen per tsubo
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BRIDGESTONE Moves into Pacific Century Place Marunouchi for 70,000 yen per tsubo

COMMERCIAL RE Enters Partnership with BABCOCK, to Focus on Logistics Facilities
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COMMERCIAL RE Enters Partnership with BABCOCK, to Focus on Logistics Facilities

AUM of Japanese REITs Exceeds 7 Trillion Yen, Office Account for More Than 50%
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AUM of Japanese REITs Exceeds 7 Trillion Yen, Office Account for More Than 50%

METLIFE and MIZUHO Other Companies, to Occupy Yaesu First Financial Building
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METLIFE and MIZUHO Other Companies, to Occupy Yaesu First Financial Building

HASEKO, GE and SUMITOMO TRUST to Invest 1.2 Bil. Yen in MEIHO ENTERPRISE
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HASEKO, GE and SUMITOMO TRUST to Invest 1.2 Bil. Yen in MEIHO ENTERPRISE

[Editor's Note] The Keyword for 2008 Real Estate Market Trend is
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[Editor's Note] The Keyword for 2008 Real Estate Market Trend is "Selective"

JAPAN LEISURE HOTELS Lists on London Stock Exchange, to Invest in Japanese
DEALS
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JAPAN LEISURE HOTELS Lists on London Stock Exchange, to Invest in Japanese "Love Hotels"

REAL CIERTO Joins with KENEDIX to Undertake Redevelopment Project
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REAL CIERTO Joins with KENEDIX to Undertake Redevelopment Project

ECOLOGY REIT Cancels Listing on Exchange, Asset Management Company to be Dissolved
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ECOLOGY REIT Cancels Listing on Exchange, Asset Management Company to be Dissolved

DAVINCI Launches 200 Bil. Yen Corporate Investment Fund; Will Acquire Shares of SHIN-NIHON TATEMONO
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DAVINCI Launches 200 Bil. Yen Corporate Investment Fund; Will Acquire Shares of SHIN-NIHON TATEMONO

ORIX JREIT Sells Building Suspected of Building-Code Violation, Management Company to Pay 25 Mil. Yen in Compensation
DEALS
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ORIX JREIT Sells Building Suspected of Building-Code Violation, Management Company to Pay 25 Mil. Yen in Compensation

SECURED CAPITAL JAPAN Makes Joint Investment in Resort in Vietnam
PROJECTS
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SECURED CAPITAL JAPAN Makes Joint Investment in Resort in Vietnam

FC RESIDENTIAL Announces Significant Dividend Reduction, Revision of Tax Exemption Requirements Not Implemented in Time
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FC RESIDENTIAL Announces Significant Dividend Reduction, Revision of Tax Exemption Requirements Not Implemented in Time

NIPPON TOCHI-TATEMONO Creates Real Estate Investment Fund
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NIPPON TOCHI-TATEMONO Creates Real Estate Investment Fund

ABLE REIT INVESTMENT CORPORATION Cancels Listing
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ABLE REIT INVESTMENT CORPORATION Cancels Listing

U.S.-based PRUDENTIAL FINANCIAL Acquires Japanese Asset Management company ROUND HILL
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U.S.-based PRUDENTIAL FINANCIAL Acquires Japanese Asset Management company ROUND HILL

NIPPON TOCHI-TATEMONO Establishes Asset Management Company to Comply with J-SOX Act
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NIPPON TOCHI-TATEMONO Establishes Asset Management Company to Comply with J-SOX Act

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