Please read these terms and conditions of usage (the "Terms") carefully before using this Website.

This English website is operated to provide useful and timely information. Please note that the contents may differ from those of the Japanese website and that the English terms used to represent Japanese legal, accounting, tax and business concepts may not hold the exact same meaning in the English language. Therefore, with respect to any and all terms used on this website, if and when any discrepancies in meaning or interpretation exist between the Japanese language and English language statements, the Japanese language statements will always govern the meaning and interpretation.

1. Copyrights and Restrictions on Use of Materials

Copyrights of the content on this Website, including information, trademarks, design and other items, belong to Top REIT, Inc. , Asset manager and Sponsor Companies (“Top Group”) as its intellectual property. Consequently, unauthorized reproduction, modification, publication, distribution, diversion or reprinting as well as commercial application of the aforementioned intellectual property are strictly prohibited. The trademarks and other intellectual properties (trademarks, logos and service marks) related to Top Group on this Website belong to Top Group. These materials may not be reproduced, modified, published, distributed, converted, reprinted or otherwise used for commercial purposes without prior consent of Top Group. All rights not expressly granted herein are reserved.

2. Disclaimer

In no event shall Top Group be liable for any troubles, damages or losses, (including any damages or losses arising in a computer system or its hardware or network, and regardless of direct or indirect losses as well as regardless of any causes) or their repair costs, that may result from any actions taken based on the judgment made by referring to the information (“Information”) on this Website. Top Group makes efforts to ensure the completeness and accuracy of the Information on this Website, but it may contain incomplete or inaccurate descriptions or inappropriate information caused by typographical errors, mechanical errors, or errors caused by computers or unauthorized operation by third parties. The purpose of this Website is solely to provide information relating to Top Group to the investors via computers. Top Group assumes no responsibility, whatsoever, as to the accuracy, completeness, appropriateness or fairness of the Information presented in this Website.

The operation of this Website may be interrupted or halted, or the content of this Website may be changed, without prior notice. Top Group shall not be liable for any troubles, losses or damages caused by such events.

3. IR Information

None of the information provided through this Website constitutes a solicitation to buy or sell any securities or other products. This Website and its content are offered solely as a service to customers for informational purposes. Please consult a securities company when considering the purchase of Top REIT’s investment units.

Information contained in this Website is not intended to constitute disclosure documents or asset management reports required under the Financial Instruments and Exchange Law, the Law Concerning Investment Trusts and Investment Corporations or the Tokyo Stock Exchange’s Securities Listing Regulations and Related Rules.

Information presented on this Website is believed to be reliable and accurate at the time of publication; however there is no intent to insure it remains current in regards to changing conditions thereafter. In addition, the Investment Corporation is under no obligation to update information contained in this Website.

4. External Links

The contents of external websites of third parties, other than the Investment Corporation (“Linked Sites”), to or from which links are made available from or to this Website are managed by respective operators of the Linked Sites and not by Top REIT. Consequently, Top REIT shall not be liable for any damages caused by the use of the Linked Sites or their content, nor does Top REIT warrant the accuracy, completeness, appropriateness or fairness of the information contained in the Linked Sites.

5. Website Browsers

When visiting this Website, browsers recommended for use are Microsoft Internet Explorer 6.0 or higher, or Firefox 3.0 or higher. Also, 1024×768 pixels or higher is recommended for screen resolution.

You will need to have Adobe Reader and Adobe Flash Player to view the PDF files and Flash content on this Website. You may download Adobe Reader and Adobe Flash Player free of charge from the Adobe Systems Incorporated website.

6. Forward-Looking Statements

In addition to information relating to past and present events and matters of historic fact, this Website contains certain forward-looking statements. Such statements are based on the management's assumptions and beliefs in light of information currently available, and accordingly involve risks and uncertainties. Furthermore, such forward-looking statements may be affected by these risks, uncertainties, assumptions and other factors. The Investment Corporation does not guarantee the accuracy of forward-looking statements contained in this Website, which includes those in connection with its actual results of operations and business performance, financial standing. The Website content should be reviewed with the understanding that actual future results of the Investment Corporation's operations and business performance, and financial standing may, express or implied, materially differ from those contained in the forward-looking statements.

7. Matters Relating to IT System

Top REIT reserves the right to update, add, change, delete, and make partial revisions to the content of this Website without notice. In addition to these actions, Top REIT may temporarily interrupt or completely stop the provision of information through this Website without notice should the following conditions occur: (i) when Top REIT performs maintenance and inspection of its IT systems; (ii) when devices or the physical network within Top REIT's IT systems fail or are halted; or (iii) when blackouts, natural disasters or other unavoidable incidents occur. Top Group and its affiliates shall not be liable to the users of this Website for their delays in obtaining information from this Website, loss or damages of information or any other losses attributable to update, additions, changes, deletions, or partial revisions to the content of this Website or interruption or stoppage of provision of information through this Website.

8. Jurisdiction and Governing Laws

The services and products described by and information provided through this Website are directed to and are intended to be made available only to residents of Japan, and are not intended for use or distribution to non-residents of Japan located in any other country.

The Terms for this Website and its Website policies shall be governed by and construed in accordance with the laws of Japan.

The Tokyo District Court shall be the court of exclusive jurisdiction for any and all legal proceedings, if any, related to the use of this Website.

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