Basic principles

MFLP-REIT has established a strategic and collaborative partnership ("strategic partnership") in the logistics facilities business with Mitsui Fudosan Co., Ltd. ("Mitsui Fudosan"), one of Japan's most prominent comprehensive developers, under which it seeks to maximize unitholder value by focusing investments primarily on logistics facilities.

Strategic Partnership between MFLP-REIT and Mitsui Fudosan

MFLP-REIT has established a strategic partnership with Mitsui Fudosan in the logistics facilities business. The value chain of Mitsui Fudosan's logistics facilities business includes development (development of logistics facilities), management (management and operation of logistics facilities) and holding (holding of logistics facilities). Within this strategic partnership, development will be left to Mitsui Fudosan; management, or in this case property management, including asset management and leasing, will fall under the domain of the Asset Management Company or Mitsui Fudosan; and the holding function will be mainly conducted by MFLP-REIT. The basic policy is to aim to maximize unitholder value by maximizing Mitsui Fudosan's logistics facilities business that has high growth potential, and through the MFLP-REIT's sustained growth.