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Advance Residence Investment Corporation (issue abbreviation: R-ADR, securities code: 8978), or ADR, would like to offer its sincerest thanks for your support, which has been integral in the remarkable growth we have achieved in our portfolio of residential properties since our listing.
During the fourth fiscal period, ADR acquired nine properties for 15.3 billion yen. This is the most we have acquired in a single fiscal period since our listing. As of the end of the fourth fiscal period (December 31, 2007), our portfolio of rental housing consisted of 41 properties in total worth 71.3 billion yen (based on acquisition price).
ADR will continue to proactively expand its portfolio by optimally utilizing the capabilities of the ITOCHU Group, a leading trading company and developer, and provide comprehensive living services that exceed the demands of tenants. ADR will continue to apply the information provided by ITOCHU and its global network to construct an advance analysis of changes and their impact, and will maximize the added value of rental housing based on the perception that "Change in and of itself is a business opportunity." ADR pledges to take advantage of the rental housing attribute of lower relative operational risk than other income-generating real estate, while boldly challenging areas that must be explored and also achieving long-term, steady growth. These efforts are all critical to our commitment to create an asset management system that satisfies investors and tenants alike.
We humbly ask for your continued support as ADR proceeds to responsibly and effectively expand its portfolio.
Kenji Kousaka
Executive Director
Advance Residence Investment Corporation
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