Mr Takeshi Fujita is an Executive Director and the Chief Executive Officer of the Manager.

Mr Takeshi Fujita joined Sumitomo Mitsui Trust Bank, Ltd. in 1986 and started his career in corporate finance business field until 2000. Then, he has pursued his career in real estate business field, such as brokerage, investment advisory, and property fund management in Sumitomo Mitsui Trust Bank, Ltd. and fund management companies, including Daiwa House Asset Management Co., Ltd. (DHAM), the manager of Daiwa House REIT.

During his service in DHAM from 2008 to 2011 when he was its Chief Executive Officer, the asset under management jumped to JPY 200.6 billion from JPY 55.5 billion, and market capitalisation jumped to JPY 73.1 billion from JPY 15.7 billion. One of his achievements was the acquisition of a TSE-listed REIT, which was under civil rehabilitation process but had struggled to get an approval of the recovery plan from creditors. He worked with the Daiwa House REIT’s sponsor, Daiwa House Industry Co., Ltd., to get majority vote at the creditors meeting and subsequently obtained court approval for the rehabilitation plan of which core strategy was the acquisition of it.

Following his term in DHAM as its Chief Executive Officer in 2011, he took key management positions in Sumitomo Mitsui Trust Bank, Ltd from 2011 to 2020 where he succeeded in raising a private real estate fund with a French insurance company and several separate accounts with institutional investors, including corporate pension funds, formulated and implemented global business and alliance strategies, and was responsible for planning and promoting cross-border real estate investment business.

Mr. Takeshi Fujita holds a Bachelor of Arts in Economics from Kwansei Gakuin University, Japan, and a Master of Business Administration in Finance and Investment from The George Washington University, USA. He is a licensed real estate transaction agent in Japan and a licensed representative of condominium management in Japan.

Ms Natalie Wong Chin Ping is the Chief Financial Officer of the Manager.

Ms Natalie Wong has more than 24 years of experience in finance, accounting and treasury functions, with extensive experience within the real estate industry.

Prior to joining the Manager, Ms Natalie Wong was Senior Vice President, Capital Markets in City Development Limited where she oversaw the capital raising, structuring, financial management and compliance for both capital market transactions in both public and private space. Ms Natalie Wong was also previously the Chief Financial Officer for the manager of OUE Commercial REIT and Head of Treasury for the manager of Mapletree Logistics Trust respectively, where she was responsible for the finance and/or treasury functions including financial reporting, taxation, corporate finance and capital management.

Ms Natalie Wong holds a Bachelor of Accountancy from Nanyang Technological University of Singapore. She is also a Chartered Accountant with the Institute of Singapore Chartered Accountants.

Mr Toru Aoki is the Chief Risk Officer of the Manager.

Mr Toru Aoki joined Sumitomo Mitsui Trust Bank, Ltd. (SMTB) in 1986 and started his career in the fields of real estate finance and corporate finance. From 1994 to 2018 he had been responsible for global finance and global real estate related businesses in Tokyo, Hong Kong, Singapore and New York. From September 2018, he moved to the Internal Audit Department where he conducted risk assessments and internal audits for various business departments, overseas branches and subsidiaries of the bank, until he left SMTB in April 2020.

From May 2020 until the date he joined the Manager, Mr Toru Aoki was the Deputy Department Manager in the Business Development Department in Daiwa House Industry Co., Ltd., where he is responsible for promoting real estate securitisation of assets and overseas mergers and acquisitions business of the company.

Mr Toru Aoki holds a Bachelor of Arts in Economics from Hitotsubashi University, Japan. He is a Certified Internal Auditor registered in the Institute of Internal Auditors and a licensed real estate transaction agent in Japan.

Mr Jun Yamamura is the Head of Planning of the Manager.

Mr Yamamura joined Marubeni Corp. (Marubeni), one of the largest general trading companies in Japan, in 1999. During his 22 years services in Marubeni, he expanded his career in the field of real estate development and investment. Mr Yamamura was involved in mergers of TSE-listed REITs, including the acquisition of Nippon Commercial Investment Corporation by United Urban Investment Corporation (United Urban), which is managed by Marubeni’s subsidiary, in December 2010. Mr Yamamura also contributed to the initial public offering of United Urban in 2003 and secondary offering in 2004 as an acquisition manager and in corporate planning as a General Manager from 2017 to 2020.

From April 2021 until the date he joined the Manager, Mr Jun Yamamura was the Senior Chief in the Business Development Department in Daiwa House Industry Co., Ltd..

Mr Yamamura holds a Bachelor of Arts in Economics from The University of Tokyo, Japan, and a Master of Business Administration in Finance and Real Estate from The University of North Carolina at Chapel Hill, USA. He is a Certified Member Analyst of the Securities Analysts Association of Japan (inactive), a Certified Master of the Association for Real Estate Securitization (inactive), a Certified Building Manager of Japan Building Management Institute (inactive), and a licensed real estate transaction agent in Japan (inactive).

Mr Cho Hongrae is the Head of Investment of the Manager.

Mr Cho Hongrae joined Daiwa House Industry Co., Ltd. (DHI) in 2005 and started his career in the field of general construction business. From 2011, he moved to Ho Chi Minh City and established a representative office for market research on industrial parks and construction business. He was involved in over 30 construction projects, with a focus on industrial buildings in Vietnam such as factories and warehouses, and has extensive experience negotiating with landlords in connection with acquisition of or development of logistics properties on site, which is relevant to his role as Head of Investment.

In December 2019, Mr Cho transferred from a subsidiary of the Sponsor in Vietnam to the General Construction Division of DHI and focused on introducing industrial real estate in foreign jurisdictions to companies in Japan.

Mr. Cho Hongrae holds a Bachelor of Arts in Humanities from Doshisha University, Japan. He is a licensed real estate transaction agent in Japan.

Mr Daijiro Nose is the Head of Asset Management of the Manager.

Mr Daijiro Nose joined Sumitomo Mitsui Trust Bank, Ltd. in 2005 and started his career in the field of real estate brokerage business. In January 2011, he moved to the Real Estate Investment Division of SMTB and focused on introducing Japanese real estate to investors abroad as a real estate broker. In April 2014, he moved to the fund arrangement division, where he worked with both Japanese and international investors and focused on fund raising for and establishment of private property funds. In this division as a fund arranger, he raised a total of JPY 79 billion in equity, acquired 47 real estates and established 19 funds.

Mr. Daijiro Nose holds a Bachelor of Arts in Economics from Keio University, Japan. He is a licensed real estate transaction agent in Japan and an ARES Master accredited by the Association for Real Estate Securitization in Japan.

Mr Chee Kum Tin is the Head of Investor Relations of the Manager.

Prior to joining the Manager, Mr Chee Kum Tin was with CapitaLand where he was part of the Group Strategic Investment team. From December 2014 to December 2019, he was with Ascendas Hospitality Trust (A-HTRUST) where he took on roles in investor relations, capital markets and asset management. Before A-HTRUST, Mr Chee Kum Tin worked in various financial institutions from 2004 to 2014 where he was involved in multiple corporate finance transactions including initial public offerings, fund raisings, and corporate advisory.

Mr Chee Kum Tin holds a Bachelor of Accountancy (Honours) from Nanyang Technological University. He is an associate with the Institute of Singapore Chartered Accountants.