Professionals of the real estate finance market are committed to maximizing the unitholders’ interests.

Star Asia Investment Management, LLC.

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Message from the CEO

Star Asia Investment Management Co., Ltd. belongs to the Star Asia Group, an independent fund manager that has built a track record in providing institutional investors, mainly in the U.S., with opportunities for investing in real estate-related assets primarily in Japan, and is entrusted asset management for Star Asia Investment Corporation, a REIT managing a portfolio of diversified assets.

The Star Asia Group, which includes our parent company, has abundant achievements of managing funds of investors, such as overseas university funds, foundations and pension funds, by investing in real estate-related assets primarily in Japan. Its investment targets cover not only tangible real estate properties but also real estate backed debt and shares of real estate owning companies. The Group has seized income opportunities by drawing upon multidimensional approaches and agile investment techniques.
With such a track record of investment, the Star Asia Group has accumulated know-how of investment management in a variety of investment targets.

As a member of the Star Asia Group, we at Star Asia Investment Management Co., Ltd. will utilize the knowledge on real estate investment and management accumulated by the Group and, thoroughly implementing the Group's principle of “investors' interest-first,” will investigate what are the best measures for the benefit of unitholders without being bound by stereotypical views. By doing so, we are determined to conduct asset management in pursuit of maximizing the unitholders' interests.

Message Atsushi Kato President and CEO

Atsushi Kato

President and CEO
Star Asia Investment Management Co., Ltd.

Basic Philosophy

As the Asset Manager of Star Asia Investment Corporation, we adopt the basic principle as indicated below.

Basic principle:“unitholders' interest-first”

Under this basic principle, the Company takes the following actions in an effort to help maximize the unitholders' interests.

  1. 1 Investigate all measures considered to be beneficial for maximizing the unitholders' interests, without being bound by stereotypical views.
  2. 2 Develop and manage the portfolio with flexibility and agility based on our original market analyses, focusing on the stability and growth of income.
  3. 3 Conduct highly transparent management by disclosing necessary information to unitholders in a timely and appropriate manner.

Basic Policy on the “Principles for Customer-Oriented Business Conduct”

[Establishment and announcement of policy related to customer-oriented business conduct]

Star Asia Investment Management Co., Ltd. (the “Company”) has adopted the “Principles for Customer-Oriented Business Conduct” announced by the Financial Services Agency as of March 30, 2017, and announces the policy to realize customer-oriented business conduct alongside the status of initiatives taken as follows. The Company will regularly review the policy and status of initiatives to realize better business conduct.

[Pursuit of best interests of unitholders]

As a member of Star Asia Group, the Company will make efforts on asset management to maximize unitholder value by ensuring compliance with a “unitholders' interest-first” mindset, which is the management philosophy of the Group, and consider the best policy for all unitholders without being bound by stereotypical views.
As the asset management company of Star Asia Investment Corporation, the Company has set the following basic principles.

    Basic principle:“unitholders' interest-first”
    Under this basic principle, the Company will take the following actions in an effort to contribute to the maximization of unitholders' interest.
  • ・Investigate all measures considered to contribute to the maximization of unitholders' interest, without being bound by stereotypical views.
  • ・Manage the portfolio with flexibility and agility based on our unique market analysis, focusing on the stability and growth of income.
  • ・Conduct highly transparent management by disclosing necessary information to unitholders in a timely and appropriate manner.

[Appropriate management of conflict of interest]

The Company accurately understands the possibility of the occurrence of conflict of interest with unitholders in transactions and will appropriately manage conflicts of interest when there is a possibility that such conflict may occur. The Company has established the “Rules on Transactions with Interested Parties” as a specific policy to handle such conflict.

[Clarification of commission, etc.]

The Company will provide information to help unitholders understand the details of commission, etc. paid to the Company by Star Asia Investment Corporation including the type of service for which commission, etc. is paid as compensation.

[Provision of important information through comprehensible channels]

The Company will provide important information related to Star Asia Investment Corporation (hereinafter referred to as “SAR”) to unitholders through comprehensible channels based on the fact that there are differences between the information held by the Company and that held by unitholders.

[Provision of appropriate services to customers]

The Company will strive to understand the status of assets, transaction experience, knowledge, purpose of transaction and needs of unitholders and conduct appropriate asset management for such unitholders.

[Framework for appropriately motivating employees, etc.]

The Company will develop an evaluation system of remuneration and business performance designed to promote behavior to pursue the best interests of unitholders, fair treatment of unitholders and appropriate management of conflicts of interest, and develop a framework of employee training and other appropriate motivation and appropriate governance system.

[Status of initiative taken for “Principles for Customer-Oriented Business Conduct”]

The status of initiative taken by the Company for “Principles for Customer-Oriented Business Conduct” is disclosed below.

[Pursuit of best interests of unitholders]

The Company will, upon managing the assets of SAR, pursue maximization of unitholders' interest by making efforts to increase the distribution per unit etc. For details on such status, please refer to the financial highlights disclosed in the SAR website.
http://starasia-reit.com/ja/ir/highlight.html

【Appropriate management of conflicts of interest】

For details regarding the Company's initiatives taken for appropriate management of conflicts of interest and the status of transactions with interested parties etc. of the Company, please refer to the section [Restrictions on Transactions with Interested Parties] in SAR's securities report (available in the Japanese language only).
http://starasia-reit.com/ja/ir/library.html

【Clarification of commissions, etc.】

The asset management fees received by the Company from SAR are comprised of the interim fee I, interim fee II, acquisition fee, assignment fee, and merger fee. Please see SAR's Certificate of Incorporation for details of calculation methods and upper limit of rates for each fee.
http://starasia-reit.com/file/about_articles-1e12da5346d9f63d1377f298641fe9927fb497fa.pdf

[Provision of important information through comprehensible channels]

With respect to the status of provision of important information through comprehensible channels, information meetings targeting institutional investors and analysts are held for each fiscal year end of SAR, where financial results are reported and business forecasts for the following and next following business years are explained. Regarding the contents of such information meetings, the materials disclosed at such meetings as well as the video clips of such meetings are disclosed on SAR's website. Furthermore, after the financial results are announced, the Company conducts IR activities towards institutional investors in Japan and abroad. For individual investors, information meetings targeting individual investors are held, and the Company also participates in individual investors' seminars held by securities firms and various industry associations and explains about the financial results of the Company at such meetings as well. Also, an official Star Asia channel has been established on video service (YouTube) on the internet environment, where information regarding SAR is explained.

Financial results related materials : http://starasia-reit.com/ja/ir/library.html
Press releases : http://starasia-reit.com/ja/ir/index.html
Official video channel : https://www.youtube.com/channel/UCYasJn4xrns2fhyZFKMAELw

【Provision of services suitable for the customer】

With respect to provision of services suitable to customers, efforts are made to understand the information required by investors through IR activities and taking surveys at the information meetings held for individual investors, and the necessary information that suits the characteristics of investors is provided in a comprehensible manner.

Financial results related materials : http://starasia-reit.com/ja/ir/library.html
Press releases : http://starasia-reit.com/ja/ir/index.html

【Framework for appropriately motivating employees, etc.】

The Company will conduct high level employee training in order to promote behavior to pursue the best interests of unitholders, fair treatment of unitholders, and appropriate management of conflicts of interests by inviting outside experts, and will conduct study sessions at each department every month, and ensure observance of fiduciary duties.

✔ Number of high-level employee training sessions held by inviting outside specialists in the fiscal year 2018: 6 times.

The Company also recommends its employees to acquire the qualification called “Certified Master of Real Estate Securitization” sponsored by the Association for Real Estate Securitization (ARES) in order to enhance the specialist skills of employees.

✔ The number of qualification holders as of the end of March 2019 : 5 Certified Masters of the Association for Real Estate Securitization, 1 Certified Public Accountant, 1 Assistant Real Estate Appraiser, 5 Real Estate Brokers (of which 4 have passed the real estate broker (takken) examination).

Company Overview

Company name Star Asia Investment Management Co., Ltd.
Address Atago Green Hills Mori Tower 18F, 2-5-1, Atago, Minato-ku, Tokyo
Officers Atsushi Kato, President and CEO
Satoshi Obara, Director and CIO (General Manager of Investment Management Dept.)
Akiko Kanno, Director and CFO (General Manager of Finance Management Dept.)
Kazuaki Fujii, Cheif Compliance Officer
Established June 22, 2015
Shareholder Star Asia Asset Management, LLC
Paid-in capital 100 million yen (as of June 30, 2015)
Settlement date December 31
Approval and license Licensed for building lots and buildings transaction business: License No. (1) 98168 issued by the Governor of Tokyo
Certified as entrustment-based agency: License No. 95 issued by the Minister of Land, Infrastructure, Transportation and Tourism
Registered for a financial instruments business: Registration No. 2874 issued by the Director-General of the Kanto Finance Bureau (Kinsho)

Organization Chart

Organization Chart

Access

Address Atago Green Hills Mori Tower 18F, 2-5-1, Atago, Minato-ku, Tokyo 105-6218
Phone +81-3-5425-1340
Access A four-minute walk from Kamiyacho Station on the Tokyo Metro Hibiya Line (Exit No. 3, walk toward Onarimon Station (along a gentle downward slope))
A three-minute walk from Onarimon Station on the Toei Subway Mita Line (Exit No. A5, walk toward Kamiyacho)

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