Commencement of Collaboration for Domestic Marketing of US Value-Add Fund

Nomura Real Estate Asset Management Co., Ltd. (Headquarters: Minato-ku, Tokyo / President: Masaomi Katayama, hereinafter 'our company') announces that it has started collaborating in the marketing for domestic investors of a US value-add fund (hereinafter 'this fund') managed by Transwestern Investment Group (Headquarters: Dallas, Texas / President: Charles Hazen, hereinafter 'TIG') and has concluded a private placement agreement with this fund.

In October 2025, our company began collaborating with real estate development company Transwestern Development Company, LLC (Headquarters: Houston, Texas / President: Carleton Riser) on a property-specific fund targeting the rental apartment development project 'Clayton at The RO' in Houston, Texas *1. This time, as an initiative for a new partnership business with the Transwestern Group, we have decided to form a tie-up for the domestic marketing of the value-add fund managed by TIG.

*1: Commenced operation of our first property-specific fund targeting an overseas real estate development project.
URL https://www.nomura-re-hd.co.jp/cfiles/news/n2025102206420.pdf

## 1. About This Fund
TIG has provided excellent investment performance to investors in the management of its Value-Add Fund Series 1 to 3. This fund is the 4th fund in the series and is a closed-end fund with a value-add strategy that invests in logistics facilities, rental housing, and other asset types, aiming at investment opportunities during the recent price adjustment phase of the US real estate market. This fund has already completed its first close and has executed investments in 5 properties (4 logistics facilities, 1 medical office), with a planned operation period of 8 years from the first close.

[Examples of Investment Properties for This Fund]