We would like to take this opportunity to express our heartfelt appreciation to all of our unitholders for supporting Mitsubishi Estate Logistics REIT Investment Corporation (MEL).

　Listed on the Tokyo Stock Exchange on September 14, 2017, MEL focuses investment on logistics facilities with Mitsubishi Estate Co., Ltd. (MEC), one of the largest comprehensive developers in Japan, as a sponsor. Along with fully leveraging the strengths of MECʼs extensive sponsor pipeline founded in its strong logistics facilities development capabilities and tenant relations stemming from its long-standing track-record of good corporate customer relations, MEL also leverages the real estate fund capabilities of Mitsubishi Jisho Investment Advisors, Inc. , the asset management company of MEL. Through this “HYBRID” leveraging the strengths of both companies, MEL aims to realize stable and steady growth to strive for maximization of unitholder value.

　Japan has recently seen a surge in new logistics business needs, such as the increasing demand for logistics facilities with high efficiency, as well as the expansion of the 3PL market and e-commerce. Adapting to such changes in the logistics facilities business environment, MEL plays an important role in the logistics field in Japan and contributes to the development of logistics functions that support people’s lives.

　We would like to extend our sincere gratitude to our unitholders, and we sincerely look forward to your continued support.