Takara Leben Real Estate Investment CorporationCode : 3492

To Our Unitholders

Dear Unitholders,

Takara Leben Real Estate Investment Corporation (TLR) was listed on the Tokyo Stock Exchange Real Estate Investment Trust Securities Market on July 27, 2018.
TLR is a diversified J-REIT that has companies boasting expertise and know-how backed by an extensive track record in office, residential, hotel, retail and other properties—Takara Leben Co., Ltd., PAG Investment Management Limited, Kyoritsu Maintenance Co., Ltd. and Yamada Denki Co., Ltd.—as sponsors.

TLR aims to realize “steady growth” and “stable management” by utilizing a multi-sponsor management structure that combines the expertise and know-how of each of the sponsors, which boast different strengths. In addition, TLR aims to realize “maximization of unitholder value,” “creation of a sustainable environment” and “contribution to communities and society” in order to remain the unitholders’ diversified J-REIT of choice.

The continued guidance and support of unitholders would be greatly appreciated.

Takara Leben Real Estate Investment Corporation
Executive DirectorMasayuki Ishihara

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