Nippon Accommodations Fund Inc. decided on and completed the acquisition of real estate property in Japan. Reason for acquisition: Based on the provisions for investments and policies on asset management provided in the Articles of Incorporation, the decision to acquire the following property was made to ensure the steady growth of assets under management, and for the diversification and further enhancement of the investment portfolio. Name of property acquired: Dormy Odawara, Type of property acquired: Real estate, Acquisition price (Note 1): ¥521,000,000, Appraised value (Note 2): ¥613,000,000. Date of conclusion of sale contract is January 29, 2019 and Date of handover is January 29, 2019. Method of payment is full payment at the time of delivery.