Company name: Kenedix, Inc.

January 13, 2016

Representative: Taisuke Miyajima, CEO & President Stock code: 4321

Listing: First Section, Tokyo Stock Exchange Contact: Masahiko Tajima, Director,

Head of Corporate Planning Department

Please note that this document is a translation of the official announcement that was released in Tokyo. The translation is prepared and provided for the purpose of the readers' convenience only.

All readers are strongly recommended to refer to the original Japanese version of the news release for complete and accurate information.

Notice of Assets Under Management at the End of December 2016

As noted below, there was a net increase of about 58.7 billion yen in the assets under management (AUM) at the Kenedix Group during the one year of 2016. This resulted in the total AUM balance of 1,703.0 billion yen as of December 31, 2016. In addition, Base AUM totaled 1,172.5 billion yen, a net increase of about 46.5 billion yen during the same period.

Growth in AUM (Billions of Yen)

AUM at the Beginning of Period (End-Dec 2015)

Acquisitions*1

Dispositions*1

Net Increase (Decrease)

AUM at the End of Period (End-Dec 2016)

Total AUM

1,644.3

260.7

202.0

58.7

1,703.0

Base AUM*2

1,125.9

206.0

159.4

46.5

1,172.5

*1: AUM includes internal transactions between funds managed by the Kenedix Group.

*2: Base AUM comprises total AUM for REITs where Kenedix serves as the main sponsor and private funds.

Breakdown of AUM

(Billions of Yen)

1,800

1,500

1,644.3 72.5 1,703.0 83.8

1,200

900

600

300

445.8446.6

760.5810.0

365.3 362.5

A net increase of approx. ¥46.5bn in Base AUM

連結対象不動産 REIT(サブスポンサー) REIT(メインスポンサー) 私募ファンド

Consolidated Real Estate REITs (sub sponsor) REITs (main sponsor) Private Funds

2015

2016/12

0

December 2015 December 2016

Note: The Group uses the following standards for calculating the balance of AUM.

  • AUM includes all real estate properties where the Group performs asset management and other services.

  • The balance of AUM is calculated based on the acquisition cost of properties (net of taxes). Costs associated with acquisitions, capital expenditures to enhance property's value and other related items, which are typically included in the book value of properties for accounting purposes, are not included in the calculation of AUM.

  • Consolidated Real Estate represents properties that the Group holds itself for a short period of time and provides asset management and other services to. AUM includes properties held by the following REITs who are managed by Kenedix affiliates.

    REITs (sub sponsor): Japan Logistics Fund, Inc. and Premier Investment Corporation

    REITs (main sponsor): Kenedix Office Investment Corporation, Kenedix Residential Investment Corporation, Kenedix Retail REIT Corporation, Kenedix Private Investment Corporation and Japan Senior Living Investment Corporation

  • The balance of AUM may potentially decrease as a result of the Group's activities which include disposition of properties.

Kenedix Inc. published this content on 13 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 January 2017 06:40:02 UTC.

Original documenthttp://v4.eir-parts.net/v4Contents/View.aspx?cat=tdnet&sid=1430664

Public permalinkhttp://www.publicnow.com/view/5A324D16A6677A3CD3E498B0DAEBFBE10C190449