HEIWA REAL ESTATE REIT, Inc. announced that at its AGM held on June 27, 2014, resolved at a meeting of the Board of Directors held to put forth an agenda item for proposal concerning election of new directors and corporate auditor and retirement of incumbent director and corporate auditor to the ordinary general meeting, Director (part-time) Norio Iwasaki, Tomoharu Nakao as director (part time). The company announced the retirement of Koji Itabashi as Director (part-time), effective from June 27, 2014.