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Investment Policy

In order to diversify risk and deliver stable distributions to unitholders, OJR invests with particular focus on the following 4 considerations: property use diversification, regional diversification, property size, and portfolio management.

Investment Policy

1 Use
Generally speaking, we will invest in office buildings with a value of no less than 80% (on an acquisition price basis) of our total portfolio. Also through investing in wide variety of real estate properties, including distribution facilities, retail properties, hotels, and other properties, we aim to construct a portfolio based on an integrated model as we expect such use diversification will reduce our exposure to risk. Our investment targets will be restricted to properties that do not have the main intended use of residential (excluding properties acquired on or before February 29, 2008).

2 Region
We will invest no less than 80% of the total portfolio (on an acquisition price basis) in the greater Tokyo area (Tokyo, Kanagawa, Saitama and Chiba). In order to improve profitability in total portfolio, we invest candidates based on set criteria outside Greater Tokyo.

3 Property Size
Our general rule for investment is to focus on medium-sized office buildings* or larger, but at the same time, reduce the investment risk concentrated in each specific property. Our investment focus for office building properties in Greater Tokyo will be on properties valued at no less than five billion yen.
* The term "medium-sized office building" here refers to an office building with a total floor area of between 3,000 and 15,000 m2.

  

4 Portfolio Management
To enable us to respond effectively to changes in the business environment by adjusting our portfolio accordingly, we employ a flexible policy allowing us to make swift decisions on acquiring, holding, and selling properties.

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