Refunds

Schedule of Investment Refunds

A contribution will be transferred together with the final distribution at the end of the second month following the maturity date (the last business day of the month).

• ※1：For the calculation of the amount to be returned, the property is valued at the fund’s closing date, and the final return is calculated based on that valuation.

Calculation Methods

The appraised value of the subject property will be the amount obtained by dividing the average annual rental income for the period from the inception date of the fund to the most recent valuation date (closing date) by the expected yield.

Valuation Formula

The amount of the investment to be refunded at the maturity of the fund will be the amount of the valuation of the subject property, as determined by an appropriate method, up to the amount of the preferred portion, divided by the ratio of your investment to that preferred portion.

In the event that the appraised value of the subject property is less than the total amount of the preferred portion, the value per unit will be the amount obtained by dividing that amount by the number of preferred units.