As of September 28, 2023

(Note1)	Acquisition prices are rounded to the nearest million yen.
(Note2)	Acquisition price are stated for the (scheduled) acquisition price of the assets owned by MTR and the assets to be acquired by MTR, and the appraisal value of the assets owned by MTH as of the end of February 2023.
(Note3)	Investment ratio refers to the ratio of the acquisition price of an asset, such as real estate, to the total amount of the acquisition prices of each type of asset. The values for the investment ratios are rounded to one decimal place.
(Note4)	Total rentable area includes the area of space able to be applied to leasing as the main use of real estate and other assets and the area of space able to be applied to uses other than the main use (office, store and warehouse, etc.), and the total area of these spaces (if a common area is leased, including this area) is stated. With respect to Tokyo Shiodome Building, the area that is obtained by multiplying the total rental area of the building (191,394.06 ㎡) by the co-ownership interest of MORI TRUST Sogo Reit, Inc. (37.5178%) is stated. Regarding Osaki MT Building, the area that is obtained by multiplying the total rentable area of the building (26,980.68 ㎡) by the co-ownership interest of MORI TRUST Sogo Reit, Inc. (90.7880%) is stated.
(Note5)	The acquisition price of "Tokyo Shiodome Building" described here is equivalent to 75% of 110,000 million yen, the total acquisition price of the Property, as we transferred part of its co-owned interest on July 1, 2021 and October 1, 2021.
(Note6)	The acquisition price and leasable area of Kamiyacho Trust Tower reflect the additional acquisition on March 1, 2023.
(Note7)	The acquisition price and leasable area of Sendai MT Building reflect the acquisition on August 31, 2023.
(Note8)	The acquisition price of the Osaki MT Building is the total amount of the acquisition prices on March 31, 2005 (7,870 million yen), October 28, 2005 (5,656 million yen) and January 30, 2015 (860 million yen).
(Note9)	The number of available guestrooms is stated.
(Note10)	The number of guestrooms indicates total number of guestrooms for the entire hotels (which may include the interests of other quasi-co-owners).
(Note11)	The acquisition price for Hilton Odawara Resort & Spa is the figure equivalent to 50% quasi-co-ownership interest in the trust beneficiary interest owned by MORI TRUST Hotel Reit.
(Note12)	The completion of construction for, of each building of Hilton Odawara Resort & Spa, the main buildings for business use (the main facility, bade facility and sports facility) is stated. The completion of construction for the chapel, the other main building for business use, is October 2004.
(Note13)	For the leasable area of Hilton Odawara Resort & Spa, the area obtained by multiplying the leasable area of the subject to the trust beneficiary interest, 50,605.67 ㎡, by 50%, the quasi-co-ownership interest in the said trust beneficiary interest owned by MORI TRUST Hotel Reit, is stated. The value is rounded to the nearest second decimal place.
(Note14)	The number of guestrooms indicates total number of guestrooms for the entire hotels (which may include the interests of other quasi-co-owners).
(Note15)	The acquisition price for Courtyard by Marriott Tokyo Station is the figure equivalent to 93.5% quasi-co-ownership interest in the trust beneficiary interest owned by MORI TRUST Hotel Reit.
(Note16)	For the leasable area of Courtyard by Marriott Tokyo Station, the area obtained by multiplying the leasable area of the subject to the trust beneficiary interest, 5,620.38 ㎡, by 93.5%, the quasi-co-ownership interest in the said trust beneficiary interest owned by MORI TRUST Hotel Reit, is stated. The value is rounded to the nearest second decimal place.
(Note17)	The number of guestrooms indicates total number of guestrooms for the entire hotels (which may include the interests of other quasi-co-owners).
(Note18)	For the leasable area of Courtyard by Marriott Shin-Osaka Station, the area obtained by multiplying the leased area of the entire building, 18,758.75 ㎡, by 74%, the interest of MORI TRUST Hotel Reit, is stated according to “74% of 18,758.75 ㎡,” the leased area specified in the lease agreement. The value is rounded to the nearest two decimal places.
(Note19)	The acquisition price and leasable area of Shinbashi Ekimae MTR Building are figures equivalent to one-third of the initial values due to the planned each sale of one-third of the co-ownership interest on February 28, 2023 and August 31, 2023.
(Note20)	The real estate in trust associated with Frespo Inage is only land, and the building is not included. For the acquisition price of Frespo Inage, a price equivalent to 50% of 4,200 million yen, the acquisition price of the entire property, is stated, as 50% of the land in trust was transferred on February 29, 2012.