Japan Prime Realty Investment : Matters Related to Investment Units updated.

as of June 30, 2016

Unitholders' capital

Total number of authorizedunits	5,000,000units
Number of units outstanding	920,600units

Unitholders' capital (millions of yen)	230,632
Total number of unitholders	11,786

• (Note 1)Number of units outstanding and Unitholders' capital as of January 24,2017.

List of Indices

Index	MSCI World Index / MSCI Standard Japan Index
	FTSE EPRA / NAREIT Global Real Estate Index
	GPR 250 Index / GPR 250 REIT Index
	Thomson Reuters / GPR / APREA Investable 100 Index
	Dow Jones Global Select Real Estate Securities Index / Dow Jones Global Select REIT Index
	S&P Global REIT Index / S&P Developed REIT Index
	Russel Global Index

Changes in Unitholder's Capital

Date
September 14, 2001
Event	Established by private placement
Total Number of Units Issued and Outstanding Change	240
Total Number of Units Issued and Outstanding Amount	240
Unitholders' Capital (millions of yen) Change	120
Unitholders' Capital (millions of yen) Amount	120
Remarks	(Note 2)
November 16, 2001
Event	Additional private placement
Total Number of Units Issued and Outstanding Change	62,000
Total Number of Units Issued and Outstanding Amount	62,240
Unitholders' Capital (millions of yen) Change	31,000
Unitholders' Capital (millions of yen) Amount	31,120
Remarks	(Note 3)
January 22, 2002
Event	Split of investment units
Total Number of Units Issued and Outstanding Change	93,360
Total Number of Units Issued and Outstanding Amount	155,600
Unitholders' Capital (millions of yen) Change	-
Unitholders' Capital (millions of yen) Amount	31,120
Remarks	(Note 4)
June 14, 2002
Event	Initial public offering
Total Number of Units Issued and Outstanding Change	134,000
Total Number of Units Issued and Outstanding Amount	289,600
Unitholders' Capital (millions of yen) Change	25,862
Unitholders' Capital (millions of yen) Amount	56,982
Remarks	(Note 5)
July 15, 2003
Event	Additional public offering
Total Number of Units Issued and Outstanding Change	134,400
Total Number of Units Issued and Outstanding Amount	424,000
Unitholders' Capital (millions of yen) Change	30,758
Unitholders' Capital (millions of yen) Amount	87,740
Remarks	(Note 6)
August 9, 2003
Event	Third-party allotment
Total Number of Units Issued and Outstanding Change	6,000
Total Number of Units Issued and Outstanding Amount	430,000
Unitholders' Capital (millions of yen) Change	1,373
Unitholders' Capital (millions of yen) Amount	89,113
Remarks	(Note 7)
February 1, 2005
Event	Additional public offering
Total Number of Units Issued and Outstanding Change	95,000
Total Number of Units Issued and Outstanding Amount	525,000
Unitholders' Capital (millions of yen) Change	25,001
Unitholders' Capital (millions of yen) Amount	114,115
Remarks	(Note 8)
March 1, 2005
Event	Third-party allotment
Total Number of Units Issued and Outstanding Change	5,000
Total Number of Units Issued and Outstanding Amount	530,000
Unitholders' Capital (millions of yen) Change	1,315
Unitholders' Capital (millions of yen) Amount	115,431
Remarks	(Note 9)
February 6, 2007
Event	Additional public offering
Total Number of Units Issued and Outstanding Change	90,000
Total Number of Units Issued and Outstanding Amount	620,000
Unitholders' Capital (millions of yen) Change	39,120
Unitholders' Capital (millions of yen) Amount	154,552
Remarks	(Note 10)
March 7, 2007
Event	Third-party allotment
Total Number of Units Issued and Outstanding Change	5,000
Total Number of Units Issued and Outstanding Amount	625,000
Unitholders' Capital (millions of yen) Change	2,173
Unitholders' Capital (millions of yen) Amount	156,725
Remarks	(Note 11)
February 8, 2010
Event	Additional public offering
Total Number of Units Issued and Outstanding Change	82,000
Total Number of Units Issued and Outstanding Amount	707,000
Unitholders' Capital (millions of yen) Change	13,315
Unitholders' Capital (millions of yen) Amount	170,040
Remarks	(Note 12)
March 12, 2010
Event	Third-party allotment
Total Number of Units Issued and Outstanding Change	8,000
Total Number of Units Issued and Outstanding Amount	715,000
Unitholders' Capital (millions of yen) Change	1,299
Unitholders' Capital (millions of yen) Amount	171,339
Remarks	(Note 13)
July 30, 2012
Event	Additional public offering
Total Number of Units Issued and Outstanding Change	101,420
Total Number of Units Issued and Outstanding Amount	816,420
Unitholders' Capital (millions of yen) Change	19,089
Unitholders' Capital (millions of yen) Amount	190,429
Remarks	(Note 14)
August 29, 2012
Event	Third-party allotment
Total Number of Units Issued and Outstanding Change	8,580
Total Number of Units Issued and Outstanding Amount	825,000
Unitholders' Capital (millions of yen) Change	1,614
Unitholders' Capital (millions of yen) Amount	192,044
Remarks	(Note 15)
June 16, 2015
Event	Additional public offering
Total Number of Units Issued and Outstanding Change	45,700
Total Number of Units Issued and Outstanding Amount	870,700
Unitholders' Capital (millions of yen) Change	17,472
Unitholders' Capital (millions of yen) Amount	209,516
Remarks	(Note 16)
June 24, 2015
Event	Third-party allotment
Total Number of Units Issued and Outstanding Change	2,300
Total Number of Units Issued and Outstanding Amount	873,000
Unitholders' Capital (millions of yen) Change	879
Unitholders' Capital (millions of yen) Amount	210,395
Remarks	(Note 17)
January 24, 2017
Event	Additional public offering
Total Number of Units Issued and Outstanding Change	47,600
Total Number of Units Issued and Outstanding Amount	920,600
Unitholders' Capital (millions of yen) Change	20,237
Unitholders' Capital (millions of yen) Amount	230,632
Remarks	(Note 18)

Date	Event	Total Number of Units Issued and Outstanding Change	Total Number of Units Issued and Outstanding Amount	Unitholders' Capital (millions of yen) Change	Unitholders' Capital (millions of yen) Amount	Remarks
September 14, 2001	Established by private placement	240	240	120	120	(Note 2)
November 16, 2001	Additional private placement	62,000	62,240	31,000	31,120	(Note 3)
January 22, 2002	Split of investment units	93,360	155,600	-	31,120	(Note 4)
June 14, 2002	Initial public offering	134,000	289,600	25,862	56,982	(Note 5)
July 15, 2003	Additional public offering	134,400	424,000	30,758	87,740	(Note 6)
August 9, 2003	Third-party allotment	6,000	430,000	1,373	89,113	(Note 7)
February 1, 2005	Additional public offering	95,000	525,000	25,001	114,115	(Note 8)
March 1, 2005	Third-party allotment	5,000	530,000	1,315	115,431	(Note 9)
February 6, 2007	Additional public offering	90,000	620,000	39,120	154,552	(Note 10)
March 7, 2007	Third-party allotment	5,000	625,000	2,173	156,725	(Note 11)
February 8, 2010	Additional public offering	82,000	707,000	13,315	170,040	(Note 12)
March 12, 2010	Third-party allotment	8,000	715,000	1,299	171,339	(Note 13)
July 30, 2012	Additional public offering	101,420	816,420	19,089	190,429	(Note 14)
August 29, 2012	Third-party allotment	8,580	825,000	1,614	192,044	(Note 15)
June 16, 2015	Additional public offering	45,700	870,700	17,472	209,516	(Note 16)
June 24, 2015	Third-party allotment	2,300	873,000	879	210,395	(Note 17)
January 24, 2017	Additional public offering	47,600	920,600	20,237	230,632	(Note 18)

Date	Event	Total Number of Units Issued and Outstanding		Unitholder's Capital (millions of yen)		Remarks
		Change	Amount	Change	Amount
September 14, 2001	Established by private placement	240	240	120	120	(Note 2)
November 16, 2001	Additional private placement	62,000	62,240	31,000	31,120	(Note 3)
January 22, 2002	Split of investment units	93,360	155,600	-	31,120	(Note 4)
June 14, 2002	Initial public offering	134,000	289,600	25,862	56,982	(Note 5)
July 15, 2003	Additional public offering	134,400	424,000	30,758	87,740	(Note 6)
August 9, 2003	Third-party allotment	6,000	430,000	1,373	89,113	(Note 7)
February 1, 2005	Additional public offering	95,000	525,000	25,001	114,115	(Note 8)
March 1, 2005	Third-party allotment	5,000	530,000	1,315	115,431	(Note 9)
February 6, 2007	Additional public offering	90,000	620,000	39,120	154,552	(Note 10)
March 7, 2007	Third-party allotment	5,000	625,000	2,173	156,725	(Note 11)
February 8, 2010	Additional public offering	82,000	707,000	13,315	170,040	(Note 12)
March 12, 2010	Third-party allotment	8,000	715,000	1,299	171,339	(Note 13)
July 30, 2012	Additional public offering	101,420	816,420	19,089	190,429	(Note 14)
August 29, 2012	Third-party allotment	8,580	825,000	1,614	192,044	(Note 15)
June 16, 2015	Additional public offering	45,700	870,700	17,472	209,516	(Note 16)
June 24, 2015	Third-party allotment	2,300	873,000	879	210,395	(Note 17)
January 24, 2017	Additional public offering	47,600	920,600	20,237	230,632	(Note 18)

• (Note 1)Unitholders' capital is indicated by the millions, and is rounded down to the nearest million yen.
• (Note 2)JPR was formed by the investment of three companies Tokyo Tatemono Co., Ltd. (100 units), Taisei Corporation (100 units) and Tokyo Realty Investment Management, Inc. (40 units) at 500,000 yen per unit.
• (Note 3)An additional offering was made via private placement at 500,000 yen per unit. JPR then acquired 13 beneficiary interests in real estate trust and started management.
• (Note 4)A single investment unit was split into 2.5 units.
• (Note 5)New investment units were issued through a public offering at 200,000 yen per unit (underwriting price of 193,000 yen per unit) to repay short-term debt, finance the acquisition of new specific assets, etc.
• (Note 6)New investment units were issued through a public offering at 237,160 yen per unit (underwriting price of 228,859 yen per unit) to repay short-term debt, acquire new specific assets, etc.
• (Note 7)New investment units were issued through a third-party allotment at 228,859 yen per unit to repay short-term debt, acquire new specific assets, etc.
• (Note 8)New investment units were issued through a public offering at 272,440 yen per unit (underwriting price of 263,177 yen per unit) to repay short-term debt, acquire new specific assets, etc.
• (Note 9)New investment units were issued through a third-party allotment at 263,177 yen per unit to repay short-term debt, acquire new specific assets, etc.
• (Note 10)New investment units were issued through a public offering at 449,820 yen per unit (underwriting price of 434,673 yen per unit) to repay debt, acquire new specific assets, etc.
• (Note 11)New investment units were issued through a third-party allotment at 434,673 yen per unit to repay debt, acquire new specific assets, etc.
• (Note 12)New investment units were issued through a public offering at 168,101 yen per unit (underwriting price of 162,382 yen per unit) to repay short-term debt, redeem investment corporation bonds, acquire new specific assets, etc.
• (Note 13)New investment units were issued through a third-party allotment at 162,382 yen per unit to repay short-term debt, redeem investment corporation bonds, acquire new specific assets, etc.
• (Note 14)New investment units were issued through a public offering at 194,610 yen per unit (underwriting price of 188,222 yen per unit) to partly fund acquisition of new specific assets and repay debts.
• (Note 15)New investment units were issued through a third-party allotment at 188,222 yen per unit to partly fund acquisition of new specific assets and repay debts.
• (Note 16)New investment units were issued through a public offering at 394,875 yen per unit (underwriting price of 382,320 yen per unit) to repay debts.
• (Note 17)New investment units were issued through a third-party allotment at 382,320 yen per unit to repay debts.
• (Note 18)New investment units were issued through a public offering at 439,040 yen per unit (underwriting price of 425,152 yen per unit) to partly fund acquisition of new specific assets and repay debts.

Major Unitholders

Name
Japan Trustee Services Bank, Ltd. (Trust Account)
Address	1-8-11 Harumi, Chuo-ku, Tokyo
Number of Owned Units	192,707
Percentage of Total Units Outstanding (%) (Note)	22.07
The Master Trust Bank of Japan, Ltd. (Trust Account)
Address	2-11-3 Hamamatsucho, Minato-ku, Tokyo
Number of Owned Units	66,029
Percentage of Total Units Outstanding (%) (Note)	7.56
Trust & Custody Services Bank, Ltd. (Securities Investment Trust Account)
Address	Harumi Island Triton Square Office Tower Z, 1-8-12 Harumi, Chuo-ku, Tokyo
Number of Owned Units	59,048
Percentage of Total Units Outstanding (%) (Note)	6.76
The Nomura Trust and Banking Co., Ltd. (Investment Trust Account)
Address	2-2-2 Otemachi, Chiyoda-ku, Tokyo
Number of Owned Units	32,170
Percentage of Total Units Outstanding (%) (Note)	3.68
Tokyo Tatemono Co., Ltd.
Address	1-9-9 Yaesu, Chuo-ku, Tokyo
Number of Owned Units	29,300
Percentage of Total Units Outstanding (%) (Note)	3.35
Kawasaki Gakuen
Address	577 Matsushima, Kurashiki-shi, Okayama
Number of Owned Units	25,000
Percentage of Total Units Outstanding (%) (Note)	2.86
Meiji Yasuda Life Insurance Company
Address	2-1-1 Marunouchi, Chiyoda-ku, Tokyo
Number of Owned Units	24,000
Percentage of Total Units Outstanding (%) (Note)	2.74
State Street Bank West Client Treaty 505234 (Standing Proxy: Settlement & Clearing Services Division, Mizuho Bank, Ltd.)
Address	1776 Heritage Drive, North Quincy, MA 02171 ,U.S.A. (Shinagawa Intercity A, 2-15-1 Konan, Minato-ku, Tokyo)
Number of Owned Units	22,308
Percentage of Total Units Outstanding (%) (Note)	2.55
State Street Bank West Pension Fund Clients Exempt 505233 (Standing Proxy: Settlement & Clearing Services Division, Mizuho Bank, Ltd.)
Address	1776 Heritage Drive, North Quincy, MA 02171, U.S.A. (Shinagawa Intercity A, 2-15-1 Konan, Minato-ku, Tokyo)
Number of Owned Units	15,333
Percentage of Total Units Outstanding (%) (Note)	1.75
State Street Bank and Trust Company 505223 (Standing Proxy: Settlement & Clearing Services Division, Mizuho Bank, Ltd.)
Address	P. O. Box 351, Boston, Massachusetts 02101, U.S.A. (Shinagawa Intercity A, 2-15-1 Konan, Minato-ku, Tokyo)
Number of Owned Units	14,107
Percentage of Total Units Outstanding (%) (Note)	1.61
Address	Total
Number of Owned Units	480,002
Percentage of Total Units Outstanding (%) (Note)	54.97

Name	Address	Number of Owned Units	Percentage of Total Units Outstanding (%) (Note)
Japan Trustee Services Bank, Ltd. (Trust Account)	1-8-11 Harumi, Chuo-ku, Tokyo	192,707	22.07
The Master Trust Bank of Japan, Ltd. (Trust Account)	2-11-3 Hamamatsucho, Minato-ku, Tokyo	66,029	7.56
Trust & Custody Services Bank, Ltd. (Securities Investment Trust Account)	Harumi Island Triton Square Office Tower Z, 1-8-12 Harumi, Chuo-ku, Tokyo	59,048	6.76
The Nomura Trust and Banking Co., Ltd. (Investment Trust Account)	2-2-2 Otemachi, Chiyoda-ku, Tokyo	32,170	3.68
Tokyo Tatemono Co., Ltd.	1-9-9 Yaesu, Chuo-ku, Tokyo	29,300	3.35
Kawasaki Gakuen	577 Matsushima, Kurashiki-shi, Okayama	25,000	2.86
Meiji Yasuda Life Insurance Company	2-1-1 Marunouchi, Chiyoda-ku, Tokyo	24,000	2.74
State Street Bank West Client Treaty 505234 (Standing Proxy: Settlement & Clearing Services Division, Mizuho Bank, Ltd.)	1776 Heritage Drive, North Quincy, MA 02171 ,U.S.A. (Shinagawa Intercity A, 2-15-1 Konan, Minato-ku, Tokyo)	22,308	2.55
State Street Bank West Pension Fund Clients Exempt 505233 (Standing Proxy: Settlement & Clearing Services Division, Mizuho Bank, Ltd.)	1776 Heritage Drive, North Quincy, MA 02171, U.S.A. (Shinagawa Intercity A, 2-15-1 Konan, Minato-ku, Tokyo)	15,333	1.75
State Street Bank and Trust Company 505223 (Standing Proxy: Settlement & Clearing Services Division, Mizuho Bank, Ltd.)	P. O. Box 351, Boston, Massachusetts 02101, U.S.A. (Shinagawa Intercity A, 2-15-1 Konan, Minato-ku, Tokyo)	14,107	1.61
	Total	480,002	54.97

• （注）発行済投資口の総合数に対する所有投資口の割合は、少数第３位以下を切捨てて記載しています。

Breakdown of Unitholders

Created with Highcharts 5.0.7(%)Financial InstitutionsForeign InvestorsIndividualsOther Domestic Corporations29th period (Jun.2016)Total unit number 873,00028th period (Dec.2015)Total unit number 873,0000102030405060708090100