Tokyu REIT, Inc. appointed Yoshitaka Kimura as President in place of Kazuyoshi Kashiwazaki. The company appointed Taisuke Inoue, Executive Officer and General Manager, Portfolio Management as Director. The executive changes will be effective from May 1, 2023.

April 1988 Entered Tokyu Corporation, Railway Operation Division, Railway Business Unit. November 1988 Tokyu Corporation, Resort Headquarters. September 1996 Transferred to K.K. Urabandai Kougen Tokyu Resort.

April 1997 Transferred to TOKYU RESEARCH INSTITUTE, INC. February 2002 Tokyu Corporation, Management Planning Division, Corporate Headquarters. April 2005 Tokyu Corporation, Manager of Management Planning Division, Corporate Headquarters. April 2009 Tokyu Corporation, Manager of Planning & Administration Division, Group Companies Business Unit.

April 2011 Tokyu Corporation, General Manager of Planning & Administration Division, Group Companies Business Unit. June 2011 Tokyu REIM, Auditor (Part-time). July 2011 Tokyu Corporation, General Manager of Division I, Group Companies Business Unit.

April 2012 Tokyu Corporation, General Manager of Group Business Division, Group Companies Business Unit. April 2014 Tokyu Corporation, General Manager of Business Strategy Division, Corporate Planning Unit. October 2014 Tokyu REIM, Director (Part-time).

April 2015 Tokyu Green System Co. Ltd., Director & President. April 2019 Tokyu Corporation, Deputy Executive General Manager of Corporate Planning Headquarters.

April 2020 Tokyu Corporation, Executive General Manager of Corporate Planning Headquarters. April 2020 Tokyu REIM, Director (Part-time). July 2022 Transferred to Tokyu REIM, Representative Director & Executive Vice President (current position).

May 2023 Appointed Executive Director of TOKYU REIT (planned). May 2023 Tokyu REIM, Representative Director & President, Chief Executive Officer (planned). Taisuke Inoue Career Summary: November 1999 Entered Kokudohyoukakenkyujyo Inc. April 2005 Entered Morgan Stanley Japan Securities Co.

Ltd., Securitized Paper Division. January 2007 Morgan Stanley Japan Securities Co. Ltd., Vice President, Securitized Paper Division.

November 2008 Entered Tokyu Corporation, Business Administration Division, Real Estate Management Headquarters, Real Estate Development Business Unit. April 2011 Transferred to Tokyu REIM, Manager, Asset Transaction. October 2011 Tokyu REIM, Manager, Portfolio Management Division I. May 2014 Tokyu REIM, Senior Manager, Portfolio Management Division I. August 2014 Tokyu REIM, General Manager, Portfolio Management Division I. August 2016 Tokyu REIM, General Manager, Portfolio Management.

June 2022 Tokyu REIM, Executive Officer and General Manager, Portfolio Management (current position). May 2023 Tokyu REIM, Director, Executive Officer and General Manager, Portfolio Management (planned).