Frontier Real Estate Investment Corporation

Code 8964

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Basic Structure

The illustration below explains FRI and its related parties' roles in management and summary of relevant operation.
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Frontier Real Estate Investment Corporation

Investment Corporation Pursuant to its Articles of Incorporation, FRI shall manage funds raised from unitholders by investing primarily in real estate, etc., and securities backed by real estate, etc.

Mitsui Fudosan Frontier REIT Management Inc.

Asset Management Company

FRI and its asset management company, Mitsui Fudosan Frontier REIT Management Inc. ("MFF") entered into the Asset Management Agreement on May 12, 2004. As an investment trust management company licensed under the Investment Trust and Investment Corporation Law of Japan (the "Investment Trust Law"), MFF shall provide asset management services pursuant to the said Asset Management Agreement and the asset management criteria and policies outlined under the Articles of Incorporation of FRI.

The services provided by MFF include:
  1. (1) services relating to the management of assets held by FRI;
  2. (2) services relating to the procurement of funds by FRI;
  3. (3) services relating to reporting to FRI, and services relating or incidental to items (1) through (2) that are requested by FRI from time to time.

Heiseikaikeisha Tax Corporation

Administrative Agent (Accounting)

FRI and its administrative agent (accounting), Heiseikaikeisha Tax Corporation (the "Administrative Agent (Accounting)"), entered into the Administrative Agency Agreement (Accounting) on September 29, 2008.

Based on the said Administrative Agency Agreement (Accounting), the services provided by the Administrative Agent (Accounting) include:

  1. (1) services relating to accounting matters;
  2. (2) services relating to the preparation of accounting records and financial statements;
  3. (3) services relating to tax payments, and;
  4. other services relating to or incidental to the services listed above.

Sumitomo Mitsui Trust Bank, Limited

Asset Custodian

FRI and its asset custodian, Sumitomo Mitsui Trust Bank, Limited (the "Asset Custodian"), entered into the Custody Agreement on September 29, 2008.

As an asset custodian defined under the Investment Trust Law, the Asset Custodian shall provide services relating to the custody of assets held by the Investment Corporation pursuant to the said Custody Agreement.

Administrative Agent (Institution)

FRI and its administrative agent (institution), Sumitomo Mitsui Trust Bank, Limited (the "Administrative Agent (Institution)"), entered into the Administrative Agency Agreement (Institution) on September 29, 2008.

As an administrative agent (institution) defined under the Investment Trust Law, the Administrative Agent (Institution) shall provide administrative services pursuant to the said Administrative Agency Agreement (Institution).

The services provided by the Administrative Agent (Institution) include services relating to the administration of Directors' meetings and General Meetings of Unitholders (excluding the delivery of documents relating to General Meetings of Unitholders and the collection and collation of documents relating to the exercise of voting rights).

Administrator of Investor Registry

FRI and its administrator of investor registry, Sumitomo Mitsui Trust Bank, Limited (the "Administrator of Investor Registry") entered into an Administrative Agency Agreement (Investor Registry) on March 19, 2013.

Based on the Administrative Agency Agreement (Investor Registry), services provided by the Administrator of Investor Registry include:

  1. (1) Services relating to preparation, management and other related tasks associated with the List of Unitholders;
  2. (2) Services relating to the payment of distributions to unitholders, and;
  3. (3) Services relating to the receipt of notifications from unitholders, including but not limited to requests from unitholders in connection with the exercise of voting rights.

Sumitomo Mitsui Trust Bank, Limited

Administrative Agent for Investment Corporation Bonds

On November 12, 2016, Sumitomo Mitsui Trust Bank, Limited and FRI formed a fiscal and issuing/paying agency agreement with regard to the latter’s 2nd series of unsecured investment corporation bonds. Based on this agency agreement, the duties Sumitomo Mitsui Trust Bank will perform on behalf of FRI include the following.

  1. (1) The preparation and maintenance of the investment corporation bond register and other duties related to said register.
  2. (2) Duties related to the issuance of the investment corporation bonds.
  3. (3) Duties related to the payment of interest to investment corporation bond holders and the redemption of the bonds.
  4. (4) Response to requests related to exercising rights and other inquiries from investment corporation bond holders.

Mitsubishi UFJ Trust and Banking Corporation

Administrator of Special Accounts

FRI and its administrator of special accounts, Mitsubishi UFJ Trust and Banking Corporation (the "Administrator of Special Accounts") entered into a Special Account Management Agreement on December 24, 2008.

Based on the Special Account Management Agreement, services provided by the Administrator of Special Account include services relating to the management of special accounts.

Mitsui Fudosan Co., Ltd.

The following agreements were concluded as of February 18, 2008. As of February 18, 2008, Basic Agreement Concerning Shopping Center (SC) Management (Note) was concluded with FRI, and Agent Services Agreement Concerning Real Estate (former Real Estate Acquisition Advisory Services Agreement) was concluded with MFF.
(Note) The system of business execution concerning SC management has been modified as of April 1, 2011, with the SC management business, originally entrusted to Mitsui Fudosan, being re-commissioned to the Mitsui Fudosan Group’s Frontier REIT SC Management Corporation which specializes in the SC management business.
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