Sadahiko Yoshimura

Shoei Co., Ltd. (3003) is engaged in the rental, leasing and selling of land, buildings and condominiums. Its operations are carried out through three divisions which are Real Estate, Marketable Securities and Environmental Business. The Real Estate division deals in real estate development, brokerage, management of real estate funds and advisory operations for real estate investment. The Marketable Securities investment division deals in marketable securities investment and Environmental Business division deals in waste collection and transportation, recycling, septic tank management, facility management and operation and facility cleaning. It was founded on March 27, 1931 and is headquartered in Tokyo, Japan

Nomura Real Estate Residential Fund, Inc. engages in the real estate business. It invests, acquires, finances, and manages commercial and residential properties, and related real estate assets and securities. The company was founded on August 3, 2006 and is headquartered in Tokyo, Japan.

Nomura Real Estate Master Fund, Inc. is a real estate investment trust company, which invests primarily in logistics and retail facilities. Its portfolio of properties lies mainly in the Tokyo metropolitan area. The company was founded on January 28, 2013 and is headquartered in Tokyo, Japan.