Dear Unitholders,

MIRARTH Real Estate Investment Corporation (MIRR) was listed on the Tokyo Stock Exchange Real Estate Investment Trust Securities Market on July 27, 2018.
MIRR 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—MIRARTH HOLDINGS, Inc., Kyoritsu Maintenance Co., Ltd. and YAMADA HOLDINGS CO., LTD. —as sponsors.

MIRR 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, MIRR 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.

MIRARTH Real Estate Investment Corporation
Executive DirectorTetsuo Saida