I would like to express our sincere gratitude for your continued and loyal patronage.
My name is Kimiyoshi Otani, and I assumed the position of Executive Officer of this Investment Corporation effective February 1, 2026.

Sharing a corporate philosophy with the sponsor, Sekisui House, SHR is a diversified REIT with core assets in residential properties and office buildings under the vision of “managing assets to better provide for people, society and the future” and “maximize unitholder value, provide high quality social capital, a REIT that leads the way into an era of the 100-year lifespan".

The portfolio development policy has changed to have residential assets account for 70% or more of the entire portfolio, 30% or less in office building, etc., and of the residential portfolio up to 30% may be acquired in the U.S. SHR acquired its first U.S. residential property in May 2024.

Sekisui House, the sponsor, has accumulated a great deal of experience and achievements in the U.S. urban rental housing (multi-family) development business. By capturing U.S. residential property with high growth potential in addition to core domestic residential properties, SHR can take full advantage of the Sekisui House Group's real estate development and management capabilities, etc. to achieve "stable growth" in Japan as well as "proactive growth" in the U.S. and aim to maximize unitholder's value.

SHR believes that addressing social issues through asset management that takes ESG into consideration will contribute to the realization of a sustainable society and enhance the trust of stakeholders, thereby contributing to securing stable earnings over the medium to long term and maximizing unitholder's value. SHR will continue to further promote ESG initiatives in the future.

We will make every effort to meet the expectations of our unitholders.
We sincerely ask for your continued support and encouragement.