News Release

Tokyu Land Corporation (Headquarters: Shibuya-ku, Tokyo; President and CEO: Hiroaki Hoshino; “Tokyu Land” below) hereby announces that it has newly joined rental housing projects in mid-development and mid-operation consisting of a total of 956 units spread across three properties (“Three Properties” below) in three metropolitan areas in the United States (the Washington D.C. metropolitan area, the San Jose metropolitan area and the Denver metropolitan area) through Tokyu Land’s local subsidiary Tokyu Land US Corporation (Headquarters: State of California, United States; President: Tadashi Yoshimi; “TLUS” below).
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