History

• Incorporation of Diamond Realty Management Inc. (DREAM)
• Commenced operation of retail property fund

Commenced operation of residential property fund

Commenced operation of second retail property fund

Commenced operation of logistics property fund

• Commenced operation of office property fund
• Commenced operation of data center property fund

Commenced operation of mezzanine debt fund

• Commenced operation of second logistics property fund
• Commenced operation of private REIT
  (DREAM Private REIT Inc. (DPR))
• Commenced operation of third logistics property fund

• Commenced operation of fourth logistics property fund
• Commenced operation of second mezzanine debt fund
• Commenced operation of second data center property fund

• Commenced operation of land lease fund
• Commenced operation of third mezzanine debt fund
• Commenced operation of logistics property investment program for overseas investors

Commenced operation of fourth mezzanine debt fund

• Commenced operation of fifth mezzanine debt fund
• Commenced operation of third retail property fund
• Commenced operation of fourth retail Property fund
• Commenced operation of fifth retail property fund
• Commenced operation of development fund in the U.S.
• Set up ESG Committee

• Commenced operation of second development fund in the U.S.
• Commenced operation of third data center property fund
• Commenced operation of hotel property fund
• Commenced operation of U.S. mezzanine debt fund
• Commenced operation of sixth mezzanine debt fund
• Support for the PRI (Principles for Responsible Investment)

• Commenced operation of third development fund in the U.S.
• Commenced operation of a residential property investment program for overseas investors
• DPR received Green Star, 3 Stars from GRESB (relative evaluation)

• Commenced operation of sixth logistics property fund
• Commenced operation of U.S. build-to-core fund
• Commenced operation of seventh logistics property fund
• Commencement operation of a U.S. preferred equity fund
• Commenced operation of U.S. private REIT for domestic investors (DREAM US Private REIT (Note))
• Commenced operation of seventh mezzanine debt fund
• Commenced operation of private REIT(DREAM Hospitality REIT Inc. (DHR))
• DPR received Green Star, 4 Stars from GRESB (relative evaluation)
• DPR became the first Japanese private REIT to procure green loans

• Commenced operation of fourth data center property fund
• ESG Committee reorganized as Sustainability Committee
• DPR received Green Star, 4 Stars from GRESB (relative evaluation), was selected for Asia Sector Leader in 2020 (Diversified, Non-listed)
• Commenced operation of US Development Separate Investment Account

• DPR received Green Star, 4 Stars from GRESB (relative evaluation), was selected for Asia Sector Leader in 2021 (Diversified, Non-listed) , for the second time
• Commenced operation of forth development fund in the U.S.
• Commenced operation of eighth mezzanine debt fund
• Support for the TCFD (Task Force on Climate-Related Financial Disclosures)
• Support for the United Nations Global Compact (UNGC)

• DPR received Green Star, 5 Stars from GRESB (relative evaluation)
• Commenced operation of third U.S. mezzanine debt fund
• Commenced operation of Logistics Facility Development Fund
• Commenced operation of fifth development fund in the U.S.

• DPR received Green Star, 5 Stars from GRESB (relative evaluation)
• DPR signed Long-term fixed price Virtual PPA for environmental value extracted from photovoltaic supply
• Launched and operated a fund using real estate security tokuns
• Commenced operation of ninth mezzanine debt fund
• Donations made through the corporate version of Furusato Tax Payment in accordance with our Sustainability Policy