This material has been prepared by us and is not intended as a solicitation to acquire or a recommendation to trade any specific financial product or security. The material is based on information deemed reliable at the time of preparation, but we do not guarantee its accuracy or completeness and it may be changed without notice. Performance results and data herein relate to the past and do not indicate, guarantee future results.

This material is not intended to provide legal, tax, accounting, or other professional advice, nor does it determine whether any specific financial product or strategy is suitable. Before investing, please consult with your professional advisors (attorneys, accountants, tax advisors), read the relevant contracts carefully, and make investment decisions at your own responsibility.

Generally, real estate investment involves risks arising from various factors, including deterioration in domestic or global economic conditions; deterioration in regional markets or tenant financial conditions; changes in supply-demand balance; declines in rents or land prices reducing income; changes in debtor credit; and fluctuations in interest and exchange rates that affect real estate and financial markets. There are also risks of damage caused by disasters or force majeure, losses arising from property defects, and increased burdens due to tax law changes. In addition, depending on the design and contracts of each product or scheme, the principal value may be affected directly or indirectly, resulting in losses, including losses exceeding the invested principal. The foregoing is not an exhaustive list of risks.

Fees, compensation, and expenses related to our investment advisory services may include ongoing management fees, acquisition fees, disposition fees, and incentive fees. Because these are determined individually based on contractual terms, asset size, operating conditions, investment targets, characteristics of the product scheme, and other factors, it is not possible to present specific amounts, calculation methods, or caps in advance. Please carefully confirm the contractual terms in the documents we provide in advance.

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