Thank You: Announcement of Sell-Out for Property Plus "Branche Chiyoda Fund 1"

Living Corporation Co., Ltd., which develops and sells investment condominiums primarily in the Tokyo, Nagoya, and Fukuoka areas, is pleased to announce that "Branche Chiyoda Fund 1" (total offering amount: 72 million yen), for which applications began on June 5 (Friday), has sold out on its real estate investment crowdfunding service "property+" (Property Plus), which allows for easy investment via smartphone.

We sincerely thank everyone who chose Property Plus among the many real estate crowdfunding services and invested in this fund.

Property Plus, including this fund, offers income-type funds that focus on self-developed, completed properties, with rental income as the sole source of distributions. This is characterized by the expectation of stable profitability compared to projects under development or capital-type deals funded by sales profits.

Especially in recent times, with rising construction material costs due to changes in international affairs and a continuing uncertain outlook for the real estate market, this service, which uses continuous rental income from completed properties as the source of distributions, is considered a factor of reassurance for investors as it is less affected by such external environmental factors.

Furthermore, Property Plus has incorporated mechanisms such as a "subordinated-senior structure" (a system that reduces the risk of principal reduction for investors by first covering losses from operations with the operator's capital) and a "master lease agreement" (a system that guarantees a certain rental income even if vacancies occur), designed with consideration for reducing investor risk.

Advance membership registration is required to start using the service. Please complete the procedure via the official Property Plus website. Official Website: https://propertyplus.jp/

<Real Estate Specific Joint Enterprise Overview> (1) Date of Permit: March 10, 2021 (2) Permit Number: Tokyo Governor No. 150 (3) Scope of Permit: Business activities listed in Article 2, Paragraph 4, Items 1 and 2 of the Act on Specified Integrated Business Operations of Real Estate (including electronic transaction business)

Moving forward, through Property Plus, we will continue to actively provide investment opportunities in high-quality real estate, which have traditionally been limited to wealthy individuals and some corporate investors, to individual investors and those new to investing, focusing on our self-developed products that are well-regarded by investors. We believe this will contribute to the asset building of individuals at various life stages.