Ichigo Hotel REIT Investment Corporation, known as Ichigo Hotel REIT, commenced trading on the J-REIT section of the Tokyo Stock Exchange on November 30, 2015. Its distinctive name, "Ichigo," draws inspiration from the venerable Japanese proverb "Ichigo Ichie," which translates to "One lifetime, One encounter." This profound philosophy, first articulated by the 16th-century tea ceremony master Sen no Rikyu, advocates for complete focus and genuine sincerity in every singular moment, recognizing its fleeting and unrepeatable nature. Reflecting this ethos, Ichigo Hotel REIT is deeply committed to fostering the sustained success and growth of both its tenants and shareholders. Established on July 22, 2015, under the Act on Investment Trusts and Investment Corporations, Ichigo Hotel REIT's assets are expertly managed by Ichigo Investment Advisors Co., Ltd. This asset management firm, a wholly-owned subsidiary of Ichigo Inc. and a key part of the Ichigo Group, operates in strict adherence to the asset management policies and objectives defined by the Investment Trust Act and Ichigo Hotel REIT's Articles of Incorporation. As a specialized hotel REIT, its primary objective is to strategically invest in hotel properties. It achieves this by fully harnessing the Ichigo Group's extensive experience and specialized knowledge in real estate revitalization. The REIT plans to significantly boost asset profitability by applying Ichigo's profound real estate expertise, for instance, through judicious and impactful value-added capital expenditures. Moreover, Ichigo Hotel REIT actively pursues portfolio expansion and aims to generate economies of scale for its shareholders, supported by the Ichigo Group's robust property sourcing capabilities. The decision to list on the Tokyo Stock Exchange was driven by the need to raise capital, enabling the execution of its growth strategy for shareholders, capitalizing on external expansion opportunities, and leveraging Ichigo's renowned value-enhancement know-how and management proficiency. Ultimately, Ichigo Hotel REIT is dedicated to serving its shareholders diligently and making a meaningful, positive impact on Japanese society.