Department	Allocation of Duties
CEO & President	General management of the performance of all businesses of the Company
Director in charge of the Real Estate Investment Department	General management of performance of the businesses of the Asset Management Department and the Investment Department
Director in charge of Administration & Accounting Department	General management of performance of the businesses of the Administration & Accounting Department
Director in charge of the Finance, IR, and Corporate Planning Department	General management of performance of the businesses of the Finance & Corporate Planning Department
Compliance Officer	Planning, drafting, and promotion of general compliance Verification of compliance with laws and regulations and risk management with respect to all businesses of the Company Verification of appropriateness of handling of complaints, etc. Verification of appropriateness of management of information General management of internal auditing General management of performance of businesses of the Compliance Office Other incidental businesses
Compliance Office	Businesses related to promotion of compliance, internal auditing, verification of risk management, etc.
Investment Department	Businesses related to acquisitions and disposition of property related to the investment management business Investigations and analysis of real estate markets Collection and analysis of investment information Other incidental businesses
Asset Management Department	Businesses related to management of assets of DHI Investigations and analysis of trends on real estate lease markets and industries such as the retail industry Analysis of investment information Management of credit of tenants Other incidental businesses
Administration & Accounting Department	Businesses related to management planning Businesses related to general affairs, human resources, advertising, and accounting Businesses related to accounting of DHI Businesses related to information management Receipt of complaints, etc. Businesses related to filings with public authorities Businesses related to dealing with unitholders and general unitholders meetings Businesses related to running of general unitholders meetings and board of directors meetings Businesses related to the execution, termination, and amendment of the Asset Management Agreements Acting as a contact point for industry groups and other parties Other incidental businesses
Finance & Corporate Planning Department	Businesses related to DHI's management planning and strategy Businesses related to DHI's capital policy, finance strategy, and fund raising Businesses related to advertising, marketing, and public relations activities Matters related to DHI's dividend policy and fund distribution Businesses related to timely disclosure Investigations and analysis of financial and capital markets Investigations and analysis of real estate investment trust markets Businesses related to the Association for Real Estate Securitization Other incidental businesses
Compliance Committee	Deliberations and resolutions on transactions with interested parties in the investment management business (defined in the "Interested - Party Transaction Rules") Deliberations or resolutions on compliance with respect to matters for resolutions at board of directors meetings other than those matters set out in the preceding item Deliberations or resolutions on compliance of other matters that the Compliance Officer requires deliberations or resolutions at meetings of the Compliance Committee Verification of risks and risk management concerning asset management pertaining to the investment management business Deliberations or resolutions regarding other incidental businesses
Investment Management Committee	Deliberations and resolutions regarding investment policies pertaining to the investment management business Deliberations and resolutions regarding the acquisition, disposition, and investment management of assets pertaining to the investment management business Deliberations or resolutions regarding other incidental businesses
Management Finance Committee	Deliberations, resolutions on basic matters of DHI Deliberations, resolutions, etc. on important matters concerning management planning, human resources, and general affairs Deliberations, resolutions, etc. on important matters concerning DHI's management planning, finance, accounting, and IR Deliberations or resolutions regarding other incidental businesses

(Note)

"DHI" means Daiwa House Residential Investment Corporation, which has entered into the Asset Management Agreement with the Company.