Tokyu Land Corporation, The Ryukyu Bank, and The Yamanashi Chuo Bank Complete Investment in Furusato Partners, an Asset Management Company for REIT Formation

NBI Holdings Inc. (Headquarters: Chiyoda-ku, Tokyo; Representative Director: Takayuki Kanaya; hereinafter "NBI Holdings"), PROSPER Inc. (Headquarters: Minato-ku, Tokyo; Representative Director: Yozo Tachibana; hereinafter "PROSPER"), Tokyu Land Corporation (Headquarters: Shibuya-ku, Tokyo; Representative Director and President: Tatsuaki Tanaka; hereinafter "Tokyu Land"), The Ryukyu Bank, Ltd. (Head Office: Naha City, Okinawa Prefecture; Director and President: Ken Shimabukuro; hereinafter "The Ryukyu Bank"), and The Yamanashi Chuo Bank, Ltd. (Head Office: Kofu City, Yamanashi Prefecture; Representative Director and President: Gasho Furuya; hereinafter "The Yamanashi Chuo Bank") are pleased to announce that as of today, the transfer of a portion of the shares held by NBI Holdings and PROSPER in Furusato Partners, an asset management company for REIT formation, to Tokyu Land, The Ryukyu Bank, and The Yamanashi Chuo Bank has been completed. NBI Holdings and PROSPER, who initiated and have been promoting the project to form a REIT for regional revitalization and the creation of new living spaces, have welcomed these new investors who share their vision. Together, they aim to commence REIT operations in 2029, contributing to the revitalization of regional economies.

Our Vision for a REIT for Regional Revitalization and Creation of New Living Spaces

Furusato Partners will form a REIT with the concept of revitalizing regional tourism, establishing a platform that enables the creation of long-term value in regions and areas, and building a system to collaborate with financial institutions and corporate partners nationwide. Specifically, Furusato Partners, as an asset management company, will accept investments from regional financial institutions and corporate partners, enabling the realization of regional revitalization and the creation of new living spaces in various areas together with Furusato Partners.

In addition to the investment from The Chugoku Bank, Ltd. in May 2026, and the current investments from Tokyu Land, The Ryukyu Bank, and The Yamanashi Chuo Bank, we anticipate further investments from multiple regional financial institutions who support Furusato Partners' vision for regional revitalization.

Promoting Regional Revitalization through Collaboration with Tokyu Land, The Ryukyu Bank, and The Yamanashi Chuo Bank

Tokyu Land's participation aims to leverage its expertise in resort development and operation cultivated over the years to promote the regeneration and revitalization of resort towns rooted in their regions. Through enhancing regional appeal and expanding the number of visitors, it is expected to contribute not only to tourism promotion but also to sustainable regional revitalization, including job creation and an increase in related population.

The participation of The Ryukyu Bank and The Yamanashi Chuo Bank aims to promote value-up investments in hotels and inns, primarily in Okinawa Prefecture and Yamanashi Prefecture, respectively, where they possess strong customer bases and networks. By integrating NBI Holdings' expertise in real estate investment and management with the knowledge and regional connections that these banks have built over many years as regional financial institutions, we will contribute to the revitalization of the tourism industry and the sustainable development of regional economies.

Future Outlook

Furusato Partners plans to commence REIT operations in the summer of 2029. At the time of commencement, the REIT's asset size is projected to be 50 billion yen, with a goal of growing to approximately 200 billion yen within the following five years.

NBI Holdings, the sponsor of Furusato Partners, has already secured a pipeline of approximately 40 billion yen in hotels and inns, underscoring the social demand for regional revitalization and the creation of new living spaces, as well as the abundance of value-up investment opportunities in hotels and inns.

<Company Profiles>

NBI Holdings Inc. Company Profile

Company Name: NBI Holdings Inc.

Location: 16F Imperial Hotel Tower, 1-1-1 Uchisaiwai-cho, Chiyoda-ku, Tokyo

Representative: Takayuki Kanaya

Capital: 50 million yen

Business Activities: Real estate investment business, financial services business, regional revitalization business

Registrations and Licenses: Financial Instruments Business Operator, Kanto Local Finance Bureau (Kinsho) No. 3494 (Investment Management Business)

General Real Estate Investment Advisory Business: General - No. 182

Real Estate Transaction Business License: Governor of Tokyo (1) No. 111678

(Representative's Brief Biography)

Takayuki Kanaya

Born in Tokyo in 1981. Graduated from Keio University, Faculty of Economics in 2004.

After working for a major real estate company and a real estate investment fund, he joined Hoshino Resorts Inc. in 2012.

In the same year, he was appointed as Director and Head of Investment Management at Hoshino Resorts Asset Management Co., Ltd., the asset management company for Hoshino Resorts REIT, Inc. In 2020, he was appointed as a Director of Hoshino Resorts Inc.

Subsequently, after working for investment companies such as LISAbel Partners Inc., he became Representative Director of NBI Holdings Inc. in September 2024.

He has been involved in the execution of real estate investments and acquisitions totaling over 200 billion yen in hotels and the formation of multiple new funds, including the launch of a listed REIT.

PROSPER Inc. Company Profile

Company Name: PROSPER Inc.

Location: 5-9-1 Toranomon, Minato-ku, Tokyo

Representative: Yozo Tachibana

Capital: 20 million yen

Business Activities: Operation of private equity funds, and other businesses contributing to regional revitalization

Registrations and Licenses: Notification of Specified Business by Qualified Institutional Investors, etc.

(Representative's Brief Biography)

Yozo Tachibana

Born in 1971. Graduated from Keio University, Faculty of Policy Management in 1994.

After joining Salomon Brothers Inc. in 1994, he worked for foreign securities firms including Goldman Sachs (Fixed Income Sales, Strategic Investments, Managing Director) and Merrill Lynch Japan Securities (Senior Managing Director). He then became President of Rakuten Baseball, Inc. in 2012.

He also concurrently served as President of Vissel Kobe and Chairman of Rakuten Monkeys in Taiwan's professional baseball league.

After retiring as baseball club president in December 2021, he continued his commitment to revitalizing regions, founding PROSPER in 2022.

He continues to take on challenges that lead to regional revitalization, including becoming president of the operating company of Kaisensushi Shiogama Port in the same year, and serving as a director of the Japan Professional Basketball League (B.League) in 2025.

Tokyu Land Corporation Company Profile

Company Name: Tokyu Land Corporation

Head Office Location: 1-21-1 Dogenzaka, Shibuya-ku, Tokyo

Representative: Representative Director and President Tatsuaki Tanaka

Capital: Approximately 57.551 billion yen

The Ryukyu Bank, Ltd. Company Profile

Company Name: The Ryukyu Bank, Ltd.

Head Office Location: 1-11-1 Kumoji, Naha City, Okinawa Prefecture

Representative: Director and President Ken Shimabukuro

Capital: 56.967 billion yen

The Yamanashi Chuo Bank, Ltd. Company Profile

Company Name: The Yamanashi Chuo Bank, Ltd.

Head Office Location: 1-20-8 Marunouchi, Kofu City, Yamanashi Prefecture

Representative: Representative Director and President Gasho Furuya

Capital: 15.4 billion yen

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Inquiries Regarding This Matter

NBI Holdings Inc. Public Relations & IR Department Tel: 03-6263-9193