Governance
Governance
Governance Structure
Please refer to here for organization of the Investment Corporation.
Compliance Structure・Governance Structure
Decision-making Flow at Asset Management Company
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The Investment Corporation adopts a decision-making flow via committees in which external committee members participate in matters that significantly impact unitholders’ interests with the intention of protecting unitholders’ interests. |
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At the REIT Compliance Committee and REIT Investment Committee, the attendance and approval of compliance officers and external committee members are requirements for resolutions. Accordingly, a governance system has been established to prevent arbitrary management by the Asset Management Company. |
Asset management fee system
| Total asset-linked Fee |
Total assets × 1.0% per annum (Upper Limit) |
| NOI linked Fee |
NOI × 7.5% per annum (Upper Limit) |
| DPU-linked fee |
Distribution per unit before DPU-linked fee deduction × NOI × 0.01% per annum (Upper Limit) |
| Acquisition Fee |
Acquisition price × 1.0% (Upper Limit) (Note2) |
| Disposition Fee |
Gain on dispositions at the end of each period (after deduction of loss on dispositions) × 15.0% (Upper Limit) (Note3) |
| Merger Fee |
Valuation × 1.0% (Upper Limit) |
| (Note1) |
For details, please refer to the Articles of Incorporation of the Investment Corporation (Japanese only). |
| (Note2) |
0.5%, in the case of acquisition from interested parties |
| (Note3) |
0 yen, if the gains on disposition amount is negative |
Same boat investment
Investment Ratio in the Investment Corporation by Sponsors
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By holding investment units of the Investment Corporation, the sponsors align their interests with those of investors, thereby enhancing unitholder value. |
・Percentage of Investment Units Held by Sponsors (As of August 31, 2026)
| MEITETSU CITY DESIGN CO., LTD. |
: |
5.00% |
| XYMAX GROUP Corporation |
: |
4.75% |