Kenedix Residential Next Investment Corporation announced that Kenedix Real Estate Fund Management Inc., the asset management company for the Investment Corporation, has decided to acquire the following property (the "Acquisition"). Property Number: H-33. Property Name: SOMPO Care LAVIERE Ichinoe.

Type of Asset: Real estate. Acquisition Price: 1,184,000. Reason for the Acquisition: The Investment Corporation expands assets under management through aggressive new acquisitions and improves its portfolio quality by reshuffling, in accordance with the Investment Corporation's investment targets and practices within its Articles of Incorporation, to ensure stable returns while expanding and diversifying the portfolio.

The Property is a healthcare facility managed by well-known leading operator with long track record and located in Tokyo metropolitan area which contribute to geographically diversify the healthcare portfolio. To conclude long-term contract to lease the Property to a single operator contribute to improve stability in profitability so that the Investment Corporation decided to acquire.