Notice on Joint Investment into Large Real Estate

Mar 20th, 2007

RISA Partners, Inc. announces that it has recently successfully acquired Acces Head Office Building and the adjacent Doshomachi Building (Chuo Ward, Osaka City) through a special purpose company (tokubetsu mokuteki kaisha (TMK)) as part of a joint investment program with Redwood Grove International.

Acces Head Office Building is an office building situated along Midosuji, a main street of Osaka. The RISA Group will proceed to enhance the value of these real estate by leveraging the array of know-how possessed by the RISA Group. With non-recourse loans and funds from joint investors also financing the acquisition, the amount of investment by RISA Partners is approximately 1.5 billion yen.

As a result of this real estate acquisition, RISA Partners’ joint real estate investment business is estimated to have approximately 41 billion yen in asset acquisitions completed in the current first quarter. Furthermore, having closed the purchase of a large investment project today and engaged in other loans receivable investment, the amount of loans receivable investment closed in the current first quarter is anticipated to exceed 25 billion yen. Consequently, RISA Partners has succeeded in building up investments in both its real estate and loans receivable at a pace that exceeds initial assumptions.

Taking financial base stability and maximizing the efficiency of shareholders’ equity into due consideration, RISA Partners will continue to pursue further business growth by proactively seizing investment opportunities that target loans receivable and real estate.

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