Financial Highlights

	March 26, 2007 to December 31, 2007 (JPY in Millions)	January 1, 2008 to June 30, 2008 (JPY in Millions)
Operating revenues
Rental and other operating revenues	806	2,851
Total	806	2,851
Operating expenses
Property-related expenses	281	1,070
Asset management fees	89	342
Custodian fees	3	5
General administration fees	9	22
Other	41	61
Total	424	1,500
Operating income	382	1,350
Non-operating revenues
Non-operating revenues	4	13
Non-operating expenses
Interest expense	68	332
Amortization of offering costs	17	34
Organization costs	100	-
Other non-operating expenses	16	42
Income before income taxes	185	955
Income taxes	2	1
Net income	184	954

Note: The sum may not equal the total due to rounding.