A residential focused J-REIT. The largest residential-focused J-REIT in terms of asset size (400,000 million JPY) and number of leasable units (18,000). Carried out a 3-for-1 unit split in the period ended March 2010, when it merged and formed a new investment corporation. Internal reserves due to profits from the merger exceeded 33,000 million JPY, the largest in the sector. Seeking external-led growth by securing the right to negotiate first for highly competitive residential properties by taking an equity interest in a silent partnership. Has maintained a dividend of more than 4,500 JPY per unit since the merger. The forecast dividend for the period ending January 2014 and that ending July 2014 is 4,500 JPY. (Information as of December 19, 2013.)

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