Tokyu Land, The Ryukyu Bank, and The Yamanashi Chuo Bank Invest in "Furusato Partners," an Asset Management Company Aiming to Form an REIT - REIT Operations to Begin in 2029, Targeting an Asset Size of 50 Billion Yen -

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 the transfer of a portion of the shares held by NBI Holdings and PROSPER in the asset management company "Furusato Partners," established for the purpose of forming an REIT, to Tokyu Land, The Ryukyu Bank, and The Yamanashi Chuo Bank has been completed as of today. NBI Holdings and PROSPER, who have been promoting this REIT formation project for regional revitalization and the creation of new living spaces, have gained the support of these new investors, and together we aim to commence REIT operations in 2029, contributing to the revitalization of regional economies.

REIT for Regional Revitalization and Creation of New Living Spaces That We Aim For

"Furusato Partners" will form an REIT with the concept of revitalizing regional tourism and will establish a system to collaborate with financial institutions and corporate partners nationwide as a platform for creating long-term value in regions and areas. Specifically, by accepting investments from regional financial institutions and corporate partners into the asset management company "Furusato Partners," it will be possible to realize regional revitalization and the creation of new living spaces in various areas together with "Furusato Partners."

In agreement with the vision of regional revitalization advocated by "Furusato Partners," following 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 plan to receive investments from multiple regional financial institutions in the future.

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

The participation of Tokyu Land aims to promote the regeneration and revitalization of resort towns rooted in their regions, leveraging the company's expertise in resort development and operation cultivated to date. Through enhancing regional appeal and expanding the number of interacting visitors, contributions to sustainable regional revitalization are expected, not only in tourism promotion but also in job creation and increasing the number of people with connections to the region.

The participation of The Ryukyu Bank and The Yamanashi Chuo Bank aims to promote value-up investments in hotels, inns, etc., primarily in Okinawa Prefecture and Yamanashi Prefecture, where each bank has a strong customer base and network. By integrating the real estate investment and management know-how cultivated by NBI Holdings with the expertise and regional connections that both 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 inns, hotels, etc., valued at over 40 billion yen, 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 inns and hotels.

<Company Profiles>

NBI Holdings 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 Description: Real estate investment business, financial services business, regional revitalization business

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

General Real Estate Investment Advisor (General) No. 182

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

(Representative's Biography)

Takayuki Kanaya

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

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

In the same year, appointed Director and Head of Investment Management at Hoshino Resorts Asset Management Co., Ltd., the asset management company for Hoshino Resorts REIT Investment Corporation. Appointed Director of Hoshino Resorts Inc. in 2020.

Subsequently, after working at investment companies such as RISA Partners Inc., became Representative Director of NBI Holdings, Inc. in September 2024. Has been involved in the execution of real estate investments and acquisitions of hotels totaling over 200 billion yen, and the formation of multiple new funds, including the launch of a listed REIT.

PROSPER Company Profile

Company Name: PROSPER, Inc.

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

Representative: Yozo Tachibana

Capital: 20 million yen

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

Registration/License: Notification of Specified Qualified Institutional Investor Business

(Representative's Biography)

Yozo Tachibana

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

After joining Solomon Brothers Inc. in 1994, worked at foreign securities firms including Goldman Sachs (Fixed Income Sales, Strategic Investment Department, Managing Director) and Merrill Lynch Japan Securities (Managing Executive Officer). In 2012, became President of Rakuten Baseball, Inc.

Also served concurrently as President of Vissel Kobe and Chairman of Rakuten Monkeys, a Taiwanese professional baseball team.

After retiring as club president in December 2021, he continued his commitment to revitalizing regions, founding PROSPER in 2022. In the same year, became president of the operating company of Kaisensushi Shiogama Port, and in 2025, became a director of the Japan Professional Basketball League (B.League), continuing challenges that lead to regional revitalization.

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

Ryukyu Bank 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

Yamanashi Chuo Bank 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