Invesco Office J REIT : Notice Concerning Change in Property Management Company

For Translation Purposes Only

July 30, 2021

For Immediate Release

Issuer of real estate investment trust securities: Invesco Office J-REIT, Inc.

6-10-1, Roppongi, Minato-ku Tokyo

Ryukichi Nakata, Executive Director

(TSE code: 3298)

Asset management company:

Invesco Global Real Estate Asia Pacific, Inc.

Yasuyuki Tsuji, Representative in Japan

Inquiries: Hiroto Kai, Head of Portfolio Management Department

TEL. [phone]

Notice Concerning Change in Property Management Company

Invesco Office J-REIT, Inc. (hereinafter referred to as the "Investment Corporation") announces that

there are to be changes (hereinafter referred to as the "Change") in the property management company

(hereinafter referred to as the "PM Company") for the 6 assets under its management (hereinafter

referred to as the "Properties").

1. Overview of the Change

The Change is to be made with regards to the entrusted properties which the Investment Corporation owns the beneficiary interests as described below.

Property				Current PM Company	New PM Company	Scheduled
	Property name		date of the
number			(Before the Change)	(After the Change)
			change
		Tokyo Nissan		TOKYU COMMUNITY	Toyo Real Estate	September 1,
6		Nishi-Gotanda		Property
		CORP.	2021
		Building		Management Co., Ltd.
7		Orto Yokohama		JFE LIFE	MS Building Support	August 1,
			CORPORATION	Co., Ltd.	2021
		Shinagawa		Jones Lang Lasalle	MS Building Support	September 1,
9		Seaside East
		K.K.	Co., Ltd.	2021
		Tower
13		Hakata Prime East	Fukuoka Jisho	XYMAX KYUSHU	September 1,
	Co., Ltd.	Corporation	2021
16		Nishi-Shinjuku		The Sankei Building	XYMAX ALPHA	October 1,
	Prime Square		Management Co., Ltd.	Corporation (Note)	2021
19		Techno Wave 100		Sumisho Building	XYMAX ALPHA	October 1,
		Management Co., Ltd.	Corporation (Note)	2021
(Note) On	October 1, 2021,	XYMAX ALPHA Corporation	is scheduled to be merged into XYMAX

Corporation and from the effective date of such merger, XYMAX Corporation will take over the contractual status of XYMAX ALPHA Corporation.

2. Reason for the Change

In terms of centralizing the PM Company as well as the cost reduction, the Investment Corporation

Note: This press release is a document for making a public acnnouncement relating to the change in property management company, and is not prepared for the purpose of solicitation of investment.

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Capital relations

Personnel relations

Transactional relations

reviewed the contractors of the Properties. When such reviewing, the Investment Corporation has decided whether to change contractors considering the various factors comprehensively, such as the historical track record of each company as a property management company of the Investment Corporation's assets, capability of executing business, ability to respond in emergency cases and the fee level. By the Change, the Investment Corporation expects the management and operation of the Property to be more efficient and more reasonable.

3. Overview of New Consignee

(1)	Company Name	Toyo Real Estate Property Management Co., Ltd.
(2)	Location	1-19-1Kanda-Nishikicho,Chiyoda-ku, Tokyo
(3)	Representative	President Takeshi Hara
(4)	Description of Business	Property management, property leases, brokerage and
consulting
(5)	Capital	JPY 300 million
(6)	Established	July 1, 2003
(7)	Major shareholder and its	100% owned by Toyo Real Estate Co., Ltd.
ownership
(8)	Relations between the Investment Corporation and the Asset Management Company
		This company has no capital relations with the Investment
	Capital relations	Corporation or the Asset Management Company requiring
		disclosure.
		This company has no personnel relations with the Investment
	Personnel relations	Corporation or the Asset Management Company requiring
		disclosure.
		This company has no transactional relations with the
	Transactional relations	Investment Corporation or the Asset Management Company
		requiring disclosure.
	Status of Classification as	This company is not a related party of the Investment
	Related Party	Corporation or the Asset Management Company.
(1)	Company Name	MS Building Support Co., Ltd.
(2)	Location	4-6-1 Ginza, Chuo-ku, Tokyo
(3)	Representative	President Noriyuki Gonsho
		1	Property management
(4)	Description of Business	2	Real estate brokerage
		3	Real estate consulting
(5)	Capital	JPY 50 million
(6)	Established	October 4, 1996
(7)	Major shareholder and its	50% owned by Mitsui Fudosan Co., Ltd.
ownership	50% owned by Sanko Estate Co., Ltd.

1. Relations between the Investment Corporation and the Asset Management Company

This company has no capital relations with the Investment Corporation or the Asset Management Company requiring disclosure.

This company has no personnel relations with the Investment Corporation or the Asset Management Company requiring disclosure.

With respect to CS Tower (office tower) and Sun Towers

Center Building which are the entrusted real estate owned by

Note: This press release is a document for making a public acnnouncement relating to the change in property management company, and is not prepared for the purpose of solicitation of investment.

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		the Investment Corporation, this company entered into the
		property management agreement and building management
		agreement with the trustees. Other than that, this company
		has no transactional relations with the Investment Corporation
		or the Asset Management Company requiring disclosure.
	Status of Classification as	This company is not a related party of the Investment
	Related Party	Corporation or the Asset Management Company.
(1)	Company Name	XYMAX KYUSHU Corporation
(2)	Location	XYMAX Hakata-ekimae Building, 4-2-1Hakata-ekimae,
Hakata-ku, Fukuoka
(3)	Representative	President, Representative Director Naoki Shirakawa
		(1) Possessing, selling and buying, leasing, managing,
		brokerage, consulting and appraisal of real estate
		(2) Operating real estate such as office buildings and retail
		facilities
		(3) Total management and maintenance of real estate and
		related facilities
(4)	Description of Business	(4) Sales, sales agency and brokerage of goods related to
property management
		(5) Total security operation
		(6) Planning, designing, managing and consulting
		construction
		(7) Insurance agency for life insurance and non-life
		insurance
		(8) Facility management
(5)	Capital	JPY 100 million
(6)	Established	May 28, 2013
(7)	Major shareholder and its	100% owned by XYMAX Corporation
ownership
(8)	Relations between the Investment Corporation and the Asset Management Company
		This company has no capital relations with the Investment
	Capital relations	Corporation or the Asset Management Company requiring
		disclosure.
		This company has no personnel relations with the Investment
	Personnel relations	Corporation or the Asset Management Company requiring
		disclosure.
		This company has no transactional relations with the
	Transactional relations	Investment Corporation or the Asset Management Company
		requiring disclosure.
	Status of Classification as	This company is not a related party of the Investment
	Related Party	Corporation or the Asset Management Company.
(1)	Company Name	XYMAX ALPHA Corporation
(2)	Location	1-13-10 Tsukiji, Chuo-ku, Tokyo
(3)	Representative	President, Representative Director Kenji Yoshimoto
		(1) Possessing, selling and buying, leasing, managing,
(4)	Description of Business	brokerage, consulting and appraisal of real estate
		(2) Operating real estate such as office buildings and retail

Note: This press release is a document for making a public acnnouncement relating to the change in property management company, and is not prepared for the purpose of solicitation of investment.

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			facilities
		(3)	Total management and maintenance of real estate and
			related facilities
		(4)	Sales, sales agency and brokerage of goods related to
			property management
		(5)	Total security operation
		(6)	Planning, designing, managing and consulting
			construction
		(7)	Facility management
		(8)	Call center operation
(5)	Capital	JPY 100 million
(6)	Established	December 3, 1971
(7)	Major shareholder and its	100% owned by XYMAX Corporation
ownership

1. Relations between the Investment Corporation and the Asset Management Company

		This company has no capital relations with the Investment
	Capital relations	Corporation or the Asset Management Company requiring
		disclosure.
		This company has no personnel relations with the Investment
	Personnel relations	Corporation or the Asset Management Company requiring
		disclosure.
		With respect to Nishi-Shinjuku KF Building which is the
		entrusted real estate owned by the Investment Corporation,
		this company entered into the property management
		agreement and master lease agreement with the trustee, and
	Transactional relations	with respect to Kinshicho Prime Tower which is the entrusted
	real estate owned by the Investment Corporation, this
		company entered into the property management agreement
		with the trustee. Other than that, this company has no
		transactional relations with the Investment Corporation or the
		Asset Management Company requiring disclosure.
	Status of Classification as	This company is not a related party of the Investment
	Related Party	Corporation or the Asset Management Company.

4. Future outlook

The Asset Management Company does not expect the Change to have a significant impact on the Investment Corporation's performance. Therefore, there are no changes to the forecasted investment management performance for the fiscal period ending October 31, 2021 (from May 1, 2021 to October 30, 2021) and for the fiscal period ending April 30, 2022 (from November 1, 2021 to April 30, 2022).

• Website address for the Investment Corporation:http://www.invesco-reit.co.jp/en/

Note: This press release is a document for making a public acnnouncement relating to the change in property management company, and is not prepared for the purpose of solicitation of investment.

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