Features of DHR

Aims to continuously increase Unitholder Value by ensuring stable revenue and steady growth of assets

•	The core assets are logistics properties, residential properties, retail properties, and hotel properties
•	Invests mainly in the three metropolitan areas: the Greater Tokyo area, the Greater Nagoya area, and the Greater Osaka area
•	Builds a diversified portfolio, consisting of assets with various risk-return profiles, that achieves excellent revenue stability

•	Leverages the value chain built on Daiwa House Group’s well-rounded strengths
•	Receives Daiwa House Group’s pipeline support such as preferential negotiation rights
•	Expands asset size mainly through the acquisition of properties developed by Daiwa House Group
•	Cuts administration and operation costs through cooperation with Daiwa House Group

•	Lengthens and diversifies debt maturities and fixes interest rates
•	Controls LTV (based on total assets including goodwill) within a range from 40% to 50% to maintain stable financial operation
•	Builds solid lender formation