First, I would like to offer my condolences for the loss of those who have passed away due to the outbreak of the novel coronavirus COVID-19, and my sympathy for those who have been infected by the virus.
I also wish to convey my sincere gratitude to medical personnel for their efforts in providing medical treatment and preventing the spread of COVID-19, and to the people engaged in the business of supplying essential services.

At Mitsubishi Corp.-UBS Realty Inc. (MCUBS), as well as working to ensure the safety of tenants and users of our managed properties, we have implemented various measures, such as promoting teleworking by employees, which put health and safety first during the constantly changing situation.

MCUBS is an asset management company established in 2000 in the initial days of the J-REIT market as a joint venture between Mitsubishi Corporation , one of Japan’s leading trading companies, and UBS AG , one of the world’s leading financial groups. The MC-UBS Group manages two J-REITs: Japan Metropolitan Fund Investment Corporation (JMF) ,which invests in retails, offices, hotels and so on, and Industrial & Infrastructure Fund Investment Corporation (IIF) , which focuses on both industrial and infrastructure properties. The total balance of assets under management of these two J-REITs exceeds 1.5 trillion yen*1(on an acquisition price basis).

As one of the largest asset management companies in Japan, we put the utmost importance on dialog with our unitholders and strive to fulfill our fiduciary duties reliably. We also aim to enhance unitholder value under our corporate mission of “creating new demands in our society and new values that exceeds people’s expectations through real estate investment management.”

Our responses to climate change are highly important initiatives. In August 2019, we expressed our support for the Taskforce on Climate-related Financial Disclosures (TCFD) established by the Financial Stability Board, and intend to promote initiatives for reducing the impact of climate change through our real estate asset management. Also, in January 2020, the Deputy President & Representative Director of MCUBS was appointed to the newly established position of Chief Sustainability Officer to strengthen our sustainability promotion system.

As part of our efforts to carry out this mission, the MC-UBS Group has long been undertaking environmental, social and governance (ESG) initiatives.
We recognize that ESG initiatives will become increasingly important, even in the recovery from the COVID-19 outbreak.

In addition, it is thought that, due to the impact of COVID-19 outbreak, the digital revolution will accelerate and there will be shifts to new conditions in social structures and lifestyles. We are conscious that this may also lead to major changes occurring in current state of the real estate industry, and will strive to conduct our asset management flexibly and proactively.

Looking to the future, we are committed to further advances as a professional group that takes the lead in the real estate financial business. This growth will be driven by initiatives carried out by the entire Group working together that take into account our environmental and social responsibilities. We ask for your continued support and understanding in our endeavors.

President & CEO
June 2020

*1 As of March 30, 2021