INDUSTRY TRENDS
Most current topics on company strategies, policies, technologies, etc.

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

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SIMPLEX Starts Operation of PRE-REIT Fund IV, Incorporates Properties such as Sebon Kannai Daini Building in Yokohama

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Singapore's MI-REIT Starts Investing in Japan after Entering into Partnership with ATLAS PARTNERS JAPAN

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France's REED MIDEM to Hold Real Estate Investment Seminars in Tokyo in November 2008

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AIG REIT Cancels Market Listing

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eASSET INVESTMENT CORPORATION Changes Name after Takeover

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Tokyo Stock Exchange to Introduce REIT Index Futures Trading System

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OSE to Start Option Trading of REITs

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Cosmetics Company NOEUD JAPAN Starts Real Estate Investment, Acquires Building in Akita

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AIG Group Office REIT to List on Tokyo Stock Exchange in December with AUM of 100 Bil. Yen

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ATLAS PARTNERS Arranges 4.4 Bil. Yen Investment for Kuwaiti Fund with New Method

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ASIA PACIFIC LAND Postpones Listing of REIT

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TOB for SIMPLEX Succeeds; Delisting Expected

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LASALLE Purchases eASSET and Provides Properties Worth 57.6 Bil. Yen

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FC RESIDENTIAL Revises Dividend Estimate Downward; May Violate 50% Rule at End of Term

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PROJECTS
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ZEPHYR Invests 80 Bil. Yen in Real Estate Development in Okinawa

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ASIA PACIFIC LAND REIT to be Listed in Singapore with Investment of Approx. 65 Bil. Yen in Japanese Commercial Facilities

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